PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Investment Partners LTD.

Investment Partners LTD. decreased its position in PepsiCo, Inc. (NASDAQ:PEP) by 2.8% during the 1st quarter, Holdings Channel reports. The fund owned 10,603 shares of the company’s stock after selling 310 shares during the quarter. Investment Partners LTD.’s holdings in PepsiCo were worth $1,856,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cerity Partners LLC boosted its holdings in PepsiCo by 59.4% during the fourth quarter. Cerity Partners LLC now owns 993,567 shares of the company’s stock worth $168,747,000 after buying an additional 370,122 shares in the last quarter. Harbour Capital Advisors LLC boosted its holdings in PepsiCo by 0.4% during the fourth quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock worth $4,747,000 after buying an additional 102 shares in the last quarter. Meadow Creek Wealth Advisors LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at about $405,000. Householder Group Estate & Retirement Specialist LLC lifted its holdings in shares of PepsiCo by 34.5% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 12,317 shares of the company’s stock valued at $2,091,000 after purchasing an additional 3,159 shares in the last quarter. Finally, Marion Wealth Management lifted its holdings in shares of PepsiCo by 31.7% in the fourth quarter. Marion Wealth Management now owns 7,888 shares of the company’s stock valued at $1,340,000 after purchasing an additional 1,900 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on PEP shares. Barclays reduced their price target on shares of PepsiCo from $185.00 to $180.00 and set an “overweight” rating on the stock in a report on Wednesday, June 12th. JPMorgan Chase & Co. boosted their price objective on shares of PepsiCo from $181.00 to $184.00 and gave the company a “neutral” rating in a research report on Wednesday. Wedbush reissued an “outperform” rating and issued a $195.00 price objective on shares of PepsiCo in a research report on Tuesday, April 23rd. Argus lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Finally, BNP Paribas started coverage on shares of PepsiCo in a research report on Monday. They issued a “neutral” rating and a $174.00 price objective for the company. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $186.38.

PepsiCo Stock Down 0.1 %

NASDAQ PEP traded down $0.22 during trading hours on Friday, reaching $166.04. 918,330 shares of the company traded hands, compared to its average volume of 5,455,001. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $192.38. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96. The stock has a market capitalization of $228.27 billion, a PE ratio of 24.97, a PEG ratio of 2.74 and a beta of 0.52. The company has a 50 day moving average of $173.68 and a two-hundred day moving average of $170.35.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. The company had revenue of $18.25 billion for the quarter, compared to analysts’ expectations of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.50 earnings per share. As a group, equities analysts expect that PepsiCo, Inc. will post 8.16 earnings per share for the current year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date is Friday, June 7th. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio (DPR) is 81.50%.

Insider Buying and Selling

In related news, CEO Ramkumar Krishnan sold 5,620 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $178.00, for a total value of $1,000,360.00. Following the sale, the chief executive officer now owns 53,953 shares of the company’s stock, valued at approximately $9,603,634. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.15% of the company’s stock.

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.