PepsiCo, Inc. (NASDAQ:PEP) Stake Trimmed by PBMares Wealth Management LLC

PBMares Wealth Management LLC trimmed its position in PepsiCo, Inc. (NASDAQ:PEP) by 4.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,475 shares of the company’s stock after selling 352 shares during the quarter. PBMares Wealth Management LLC’s holdings in PepsiCo were worth $1,121,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in PEP. WealthTrak Capital Management LLC acquired a new stake in PepsiCo during the 4th quarter valued at $28,000. Prudent Man Investment Management Inc. purchased a new stake in PepsiCo in the 4th quarter worth about $30,000. Measured Risk Portfolios Inc. acquired a new stake in shares of PepsiCo during the fourth quarter worth approximately $31,000. Summit Securities Group LLC acquired a new position in PepsiCo in the 4th quarter valued at approximately $33,000. Finally, GKV Capital Management Co. Inc. acquired a new stake in shares of PepsiCo during the 4th quarter valued at $38,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

NASDAQ:PEP opened at $129.09 on Tuesday. PepsiCo, Inc. has a 52-week low of $127.75 and a 52-week high of $180.91. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 0.83. The company has a market cap of $176.99 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 3.71 and a beta of 0.46. The firm’s 50-day moving average is $132.83 and its 200-day moving average is $143.63.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). The firm had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. PepsiCo’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.61 EPS. Equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a $1.4225 dividend. The ex-dividend date of this dividend is Friday, June 6th. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.41%. PepsiCo’s dividend payout ratio is presently 83.68%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Bank of America cut their price objective on PepsiCo from $155.00 to $150.00 and set a “neutral” rating for the company in a report on Friday, April 25th. Barclays cut their price target on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating for the company in a research note on Monday, April 28th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $163.00 price target on shares of PepsiCo in a research note on Tuesday, April 22nd. Citigroup dropped their price objective on PepsiCo from $170.00 to $160.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Finally, Morgan Stanley reduced their target price on shares of PepsiCo from $168.00 to $153.00 and set an “equal weight” rating for the company in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, PepsiCo presently has an average rating of “Hold” and an average price target of $160.69.

PepsiCo Company Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.