Shell Asset Management Co. reduced its position in PepsiCo, Inc. (NASDAQ:PEP) by 5.1% in the first quarter, Holdings Channel.com reports. The fund owned 273,907 shares of the company’s stock after selling 14,811 shares during the quarter. PepsiCo makes up about 0.9% of Shell Asset Management Co.’s holdings, making the stock its 12th biggest holding. Shell Asset Management Co.’s holdings in PepsiCo were worth $32,896,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in PEP. Rezny Wealth Management Inc. purchased a new stake in PepsiCo in the first quarter valued at approximately $12,868,000. PSI Advisors LLC purchased a new stake in PepsiCo in the fourth quarter valued at approximately $25,000. Evolution Wealth Advisors LLC raised its stake in PepsiCo by 221.0% in the fourth quarter. Evolution Wealth Advisors LLC now owns 199 shares of the company’s stock valued at $27,000 after purchasing an additional 137 shares in the last quarter. Beutel Goodman & Co Ltd. purchased a new stake in PepsiCo in the fourth quarter valued at approximately $27,000. Finally, Permanens Capital L.P. raised its stake in PepsiCo by 511.4% in the fourth quarter. Permanens Capital L.P. now owns 269 shares of the company’s stock valued at $37,000 after purchasing an additional 225 shares in the last quarter. Institutional investors own 70.84% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. Barclays reaffirmed a “hold” rating and issued a $136.00 target price on shares of PepsiCo in a research note on Friday, April 17th. SunTrust Banks lifted their price target on shares of PepsiCo from $115.00 to $125.00 and gave the stock a “hold” rating in a research note on Wednesday, April 29th. DZ Bank reissued a “buy” rating and set a $136.00 price target on shares of PepsiCo in a research note on Thursday, March 26th. BidaskClub downgraded shares of PepsiCo from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Finally, Royal Bank of Canada reissued a “buy” rating and set a $153.00 price target on shares of PepsiCo in a research note on Tuesday, April 14th. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $142.00.

Shares of NASDAQ PEP traded down $0.49 during mid-day trading on Friday, hitting $129.73. The stock had a trading volume of 1,675,424 shares, compared to its average volume of 6,144,055. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.94 and a current ratio of 1.10. PepsiCo, Inc. has a 1 year low of $101.42 and a 1 year high of $147.20. The business has a 50 day moving average price of $132.22 and a two-hundred day moving average price of $134.83. The firm has a market cap of $182.12 billion, a P/E ratio of 25.21, a price-to-earnings-growth ratio of 5.02 and a beta of 0.60.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, April 28th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.03 by $0.04. PepsiCo had a net margin of 10.62% and a return on equity of 55.74%. The company had revenue of $13.88 billion for the quarter, compared to the consensus estimate of $13.20 billion. During the same period in the previous year, the firm earned $0.97 earnings per share. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities research analysts predict that PepsiCo, Inc. will post 5.32 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be issued a $1.0225 dividend. The ex-dividend date is Thursday, June 4th. This represents a $4.09 annualized dividend and a yield of 3.15%. This is a boost from PepsiCo’s previous quarterly dividend of $0.96. PepsiCo’s payout ratio is 69.08%.

About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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