PepsiCo, Inc. (NASDAQ:PEP) Holdings Decreased by Argent Advisors Inc.

by · The Cerbat Gem

Argent Advisors Inc. decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 6.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,479 shares of the company’s stock after selling 244 shares during the quarter. Argent Advisors Inc.’s holdings in PepsiCo were worth $522,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC increased its position in PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after purchasing an additional 6,574 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its stake in shares of PepsiCo by 2.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company’s stock worth $71,527,000 after acquiring an additional 11,538 shares in the last quarter. Noble Wealth Management PBC bought a new stake in PepsiCo during the 4th quarter valued at approximately $40,000. Sherman Asset Management Inc. acquired a new stake in PepsiCo in the 4th quarter valued at approximately $185,000. Finally, PCG Asset Management LLC acquired a new position in shares of PepsiCo during the fourth quarter worth approximately $633,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

PepsiCo stock opened at $131.04 on Monday. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.83 and a quick ratio of 0.65. The stock has a fifty day moving average price of $131.83 and a two-hundred day moving average price of $142.82. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $180.91. The firm has a market capitalization of $179.67 billion, a P/E ratio of 19.27, a P/E/G ratio of 3.77 and a beta of 0.46.

PepsiCo (NASDAQ:PEP – Get Free Report) last released 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 58.28% and a net margin of 10.24%. The company had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the prior year, the company earned $1.61 earnings per share. The business’s revenue was down 1.8% compared to the same quarter last year. As a group, analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm 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 $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.34%. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo’s payout ratio is currently 83.68%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Bank of America cut 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. Morgan Stanley cut their price target on PepsiCo from $168.00 to $153.00 and set an “equal weight” rating for the company in a report on Friday, April 25th. Dbs Bank lowered PepsiCo from a “strong-buy” rating to a “hold” rating in a report on Friday, May 9th. UBS Group cut their price target on PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. upped their price target on PepsiCo from $158.00 to $159.00 and gave the stock a “neutral” rating in a report on Monday, April 21st. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $159.75.

Get Our Latest Stock Analysis on PepsiCo

About PepsiCo

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP – Free Report).