PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Integral Investment Advisors Inc.

Integral Investment Advisors Inc. decreased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 3.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,265 shares of the company’s stock after selling 194 shares during the quarter. Integral Investment Advisors Inc.’s holdings in PepsiCo were worth $789,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Ipsen Advisor Group LLC grew its position in PepsiCo by 2.7% in the first quarter. Ipsen Advisor Group LLC now owns 3,174 shares of the company’s stock worth $476,000 after acquiring an additional 84 shares in the last quarter. Oak Family Advisors LLC bought a new stake in shares of PepsiCo in the first quarter valued at about $3,259,000. Atwood & Palmer Inc. increased its holdings in PepsiCo by 2.4% in the 1st quarter. Atwood & Palmer Inc. now owns 14,093 shares of the company’s stock valued at $2,113,000 after buying an additional 331 shares during the period. Sonora Investment Management Group LLC raised its position in PepsiCo by 0.3% in the first quarter. Sonora Investment Management Group LLC now owns 101,777 shares of the company’s stock worth $15,260,000 after purchasing an additional 272 shares in the last quarter. Finally, Accurate Wealth Management LLC lifted its position in shares of PepsiCo by 6.3% during the 1st quarter. Accurate Wealth Management LLC now owns 10,425 shares of the company’s stock worth $1,506,000 after buying an additional 616 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Down 0.1%

NASDAQ:PEP opened at $129.96 on Tuesday. 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 firm has a market cap of $178.19 billion, a PE ratio of 18.70, a price-to-earnings-growth ratio of 3.09 and a beta of 0.45. The company has a 50-day moving average of $135.76 and a 200 day moving average of $145.84. PepsiCo, Inc. has a 1-year low of $127.75 and a 1-year high of $180.91.

PepsiCo (NASDAQ:PEP) last posted 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 net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter last year, the company earned $1.61 EPS. The business’s revenue was down 1.8% compared to the same quarter last year. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Bank of America dropped their price target on PepsiCo from $155.00 to $150.00 and set a “neutral” rating for the company in a report on Friday, April 25th. JPMorgan Chase & Co. upped their target price on shares of PepsiCo from $158.00 to $159.00 and gave the company a “neutral” rating in a research report on Monday, April 21st. Citigroup decreased their price objective on PepsiCo from $170.00 to $160.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Jefferies Financial Group lowered PepsiCo from a “buy” rating to a “hold” rating and cut their target price for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. Finally, Morgan Stanley decreased their target price 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. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $160.69.

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.