Bank of Hawaii lowered its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,632 shares of the company’s stock after selling 3,063 shares during the period. Bank of Hawaii’s holdings in PepsiCo were worth $5,000,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of PEP. Rezny Wealth Management Inc. acquired a new stake in PepsiCo during the 1st quarter worth approximately $12,868,000. PSI Advisors LLC acquired a new position in shares of PepsiCo in the fourth quarter valued at approximately $25,000. Evolution Wealth Advisors LLC raised its stake in shares of PepsiCo by 221.0% during the fourth quarter. Evolution Wealth Advisors LLC now owns 199 shares of the company’s stock worth $27,000 after purchasing an additional 137 shares during the last quarter. Beutel Goodman & Co Ltd. acquired a new stake in shares of PepsiCo during the fourth quarter worth $27,000. Finally, Permanens Capital L.P. grew its position in PepsiCo by 511.4% in the 4th quarter. Permanens Capital L.P. now owns 269 shares of the company’s stock valued at $37,000 after buying an additional 225 shares during the last quarter. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Several research firms have recently commented on PEP. Evercore ISI upgraded shares of PepsiCo from an “in-line” rating to an “outperform” rating and set a $130.00 target price for the company in a research note on Tuesday, March 17th. SunTrust Banks lifted their price objective on PepsiCo from $115.00 to $125.00 and gave the company a “hold” rating in a report on Wednesday, April 29th. Credit Suisse Group raised PepsiCo from an “underperform” rating to an “outperform” rating and increased their target price for the stock from $138.00 to $144.00 in a research note on Friday, March 27th. Deutsche Bank reduced their price target on PepsiCo from $145.00 to $143.00 and set a “hold” rating for the company in a report on Thursday, March 12th. Finally, Cfra upped their price objective on PepsiCo from $145.00 to $150.00 and gave the stock a “strong-buy” rating in a report on Tuesday, April 28th. Nine research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. PepsiCo presently has a consensus rating of “Buy” and a consensus target price of $142.00.

PepsiCo stock traded up $1.87 during mid-day trading on Friday, hitting $132.44. 7,035,607 shares of the company were exchanged, compared to its average volume of 6,215,201. PepsiCo, Inc. has a 12-month low of $101.42 and a 12-month high of $147.20. The company has a market capitalization of $181.17 billion, a P/E ratio of 25.78, a PEG ratio of 5.08 and a beta of 0.59. The business’s 50 day simple moving average is $133.07 and its two-hundred day simple moving average is $134.62. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.10 and a quick ratio of 0.94.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.04. The firm had revenue of $13.88 billion during the quarter, compared to analysts’ expectations of $13.20 billion. PepsiCo had a return on equity of 55.74% and a net margin of 10.62%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.97 EPS. Equities research analysts predict that PepsiCo, Inc. will post 5.32 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be paid a dividend of $1.0225 per share. This is an increase from PepsiCo’s previous quarterly dividend of $0.96. The ex-dividend date is Thursday, June 4th. This represents a $4.09 annualized dividend and a dividend yield of 3.09%. PepsiCo’s dividend payout ratio is presently 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.

Further Reading: Limitations of the P/E Growth ratio

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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