West Oak Capital LLC Sells 990 Shares of PepsiCo, Inc. (NASDAQ:PEP)

West Oak Capital LLC trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 7.9% in the 1st quarter, Holdings Channel reports. The fund owned 11,589 shares of the company’s stock after selling 990 shares during the quarter. West Oak Capital LLC’s holdings in PepsiCo were worth $1,738,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tcfg Wealth Management LLC raised its holdings in shares of PepsiCo by 3.5% in the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company’s stock worth $295,000 after buying an additional 66 shares in the last quarter. TAGStone Capital Inc. grew its position in PepsiCo by 2.8% in the fourth quarter. TAGStone Capital Inc. now owns 2,527 shares of the company’s stock valued at $388,000 after acquiring an additional 70 shares during the period. Lokken Investment Group LLC raised its stake in PepsiCo by 0.9% during the fourth quarter. Lokken Investment Group LLC now owns 7,699 shares of the company’s stock worth $1,171,000 after acquiring an additional 70 shares in the last quarter. Leavell Investment Management Inc. increased its stake in shares of PepsiCo by 0.3% in the 4th quarter. Leavell Investment Management Inc. now owns 27,844 shares of the company’s stock valued at $4,271,000 after buying an additional 71 shares during the period. Finally, Legacy Financial Group LLC raised its holdings in PepsiCo by 4.9% during the 1st quarter. Legacy Financial Group LLC now owns 1,514 shares of the company’s stock worth $227,000 after purchasing an additional 71 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on PEP. Dbs Bank lowered PepsiCo from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 9th. UBS Group dropped their target price on shares of PepsiCo from $175.00 to $169.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $163.00 price target on shares of PepsiCo in a research note on Tuesday, April 22nd. Citigroup lowered their price target on shares of PepsiCo from $170.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Finally, Jefferies Financial Group cut PepsiCo from a “buy” rating to a “hold” rating and decreased their price objective for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $160.69.

PepsiCo Stock Down 1.5%

NASDAQ PEP opened at $129.90 on Thursday. PepsiCo, Inc. has a fifty-two week low of $127.75 and a fifty-two week high of $180.91. The business has a fifty day moving average price of $135.04 and a two-hundred day moving average price of $145.63. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The stock has a market capitalization of $178.10 billion, a PE ratio of 18.69, a PEG ratio of 3.09 and a beta of 0.45.

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

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a $1.4225 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a yield of 4.38%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s dividend payout ratio (DPR) is currently 83.68%.

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.