PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Phillips Wealth Planners LLC

Phillips Wealth Planners LLC reduced its position in PepsiCo, Inc. (NASDAQ:PEP) by 33.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,377 shares of the company’s stock after selling 1,215 shares during the quarter. Phillips Wealth Planners LLC’s holdings in PepsiCo were worth $343,000 as of its most recent SEC filing.

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

PepsiCo Stock Down 2.3%

PepsiCo stock opened at $128.02 on Thursday. 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 firm has a market capitalization of $175.53 billion, a price-to-earnings ratio of 18.83, a price-to-earnings-growth ratio of 3.76 and a beta of 0.45. PepsiCo, Inc. has a fifty-two week low of $127.63 and a fifty-two week high of $180.91. The stock’s fifty day moving average is $132.36 and its two-hundred day moving average is $143.44.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.01). The firm had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period last year, the company posted $1.61 EPS. Analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a $1.4225 dividend. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 annualized dividend and a yield of 4.44%. PepsiCo’s dividend payout ratio is 83.68%.

Wall Street Analysts Forecast Growth

PEP has been the subject of a number of analyst reports. Barclays lowered their price objective on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating for the company in a research report on Monday, April 28th. Citigroup lowered their price objective on PepsiCo from $170.00 to $160.00 and set a “buy” rating for the company in a research report on Friday, April 25th. UBS Group lowered their price objective on PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Morgan Stanley lowered their price objective on PepsiCo from $168.00 to $153.00 and set an “equal weight” rating for the company in a research report on Friday, April 25th. Finally, Jefferies Financial Group downgraded PepsiCo from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. One 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. Based on data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and an average target price of $159.75.

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.