PepsiCo, Inc. (NASDAQ:PEP) Position Lessened by Pine Haven Investment Counsel Inc

Pine Haven Investment Counsel Inc decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 9,311 shares of the company’s stock after selling 175 shares during the quarter. PepsiCo accounts for about 1.2% of Pine Haven Investment Counsel Inc’s holdings, making the stock its 20th biggest holding. Pine Haven Investment Counsel Inc’s holdings in PepsiCo were worth $1,396,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Tallon Kerry Patrick acquired a new position in PepsiCo during the 4th quarter valued at about $224,000. Brighton Jones LLC boosted its holdings in shares of PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after acquiring an additional 6,574 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in PepsiCo during the fourth quarter worth approximately $9,268,000. Trilogy Capital Inc. lifted its position in PepsiCo by 7.0% in the fourth quarter. Trilogy Capital Inc. now owns 3,258 shares of the company’s stock worth $495,000 after purchasing an additional 212 shares during the period. Finally, Silver Oak Securities Incorporated boosted its stake in PepsiCo by 28.5% during the 4th quarter. Silver Oak Securities Incorporated now owns 3,160 shares of the company’s stock valued at $479,000 after purchasing an additional 700 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

PEP opened at $130.03 on Friday. The firm has a market capitalization of $178.28 billion, a P/E ratio of 18.71, a PEG ratio of 3.09 and a beta of 0.47. The stock has a fifty day moving average of $136.15 and a 200-day moving average of $146.25. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 12-month low of $127.75 and a 12-month high of $180.91.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $17.92 billion during the quarter, compared to analysts’ expectations of $17.81 billion. During the same period in the prior year, the company posted $1.61 earnings per share. The firm’s revenue was down 1.8% on a year-over-year basis. Equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a dividend of $1.4225 per share. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a dividend yield of 4.38%. The ex-dividend date is Friday, June 6th. PepsiCo’s dividend payout ratio (DPR) is currently 83.68%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Jefferies Financial Group downgraded PepsiCo from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. UBS Group dropped their price target on shares of PepsiCo from $175.00 to $169.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. JPMorgan Chase & Co. upped their price target on shares of PepsiCo from $158.00 to $159.00 and gave the company a “neutral” rating in a report on Monday, April 21st. Barclays lowered their price objective on shares of PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Monday, April 28th. Finally, Citigroup cut their target price on shares of PepsiCo from $170.00 to $160.00 and set a “buy” 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 given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $160.69.

About PepsiCo

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.