Glen Eagle Advisors LLC Sells 921 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Glen Eagle Advisors LLC lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 11.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,803 shares of the company’s stock after selling 921 shares during the quarter. Glen Eagle Advisors LLC’s holdings in PepsiCo were worth $1,034,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in PEP. Ossiam lifted its position in PepsiCo by 138.9% in the 4th quarter. Ossiam now owns 73,604 shares of the company’s stock valued at $11,192,000 after acquiring an additional 42,793 shares in the last quarter. OMERS ADMINISTRATION Corp lifted its position in PepsiCo by 12.1% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company’s stock valued at $18,977,000 after acquiring an additional 13,461 shares in the last quarter. Hutner Capital Management Inc. increased its stake in PepsiCo by 14.6% in the 4th quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company’s stock valued at $8,178,000 after buying an additional 6,865 shares during the last quarter. Polar Asset Management Partners Inc. purchased a new stake in PepsiCo in the 4th quarter valued at about $47,899,000. Finally, WCM Investment Management LLC increased its stake in PepsiCo by 147.6% in the 4th quarter. WCM Investment Management LLC now owns 14,692 shares of the company’s stock valued at $2,229,000 after buying an additional 8,759 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 0.0%

Shares of NASDAQ:PEP opened at $131.80 on Wednesday. The firm has a fifty day moving average price of $140.72 and a two-hundred day moving average price of $149.07. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. PepsiCo, Inc. has a one year low of $127.87 and a one year high of $182.13. The company has a market cap of $180.71 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 3.09 and a beta of 0.47.

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

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a dividend of $1.4225 per share. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date is Friday, June 6th. PepsiCo’s payout ratio is currently 83.68%.

Wall Street Analyst Weigh In

Several research firms have commented on PEP. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Morgan Stanley decreased their price objective 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. HSBC decreased their price objective on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research note on Tuesday, February 4th. UBS Group decreased their price target on shares of PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Finally, Dbs Bank lowered shares of PepsiCo from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 9th. One equities 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.com, the company has an average rating of “Hold” and an average price target of $160.69.

PepsiCo 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.