Sanibel Captiva Trust Company Inc. Decreases Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Sanibel Captiva Trust Company Inc. reduced its position in PepsiCo, Inc. (NASDAQ:PEP) by 4.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 177,441 shares of the company’s stock after selling 8,353 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in PepsiCo were worth $26,606,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Sonora Investment Management Group LLC grew its position in shares of PepsiCo by 0.3% during the 1st quarter. Sonora Investment Management Group LLC now owns 101,777 shares of the company’s stock valued at $15,260,000 after acquiring an additional 272 shares during the period. Accurate Wealth Management LLC grew its holdings in PepsiCo by 6.3% in the first quarter. Accurate Wealth Management LLC now owns 10,425 shares of the company’s stock valued at $1,506,000 after purchasing an additional 616 shares during the period. Fiduciary Financial Group LLC increased its position in shares of PepsiCo by 59.7% in the first quarter. Fiduciary Financial Group LLC now owns 2,957 shares of the company’s stock valued at $426,000 after buying an additional 1,105 shares in the last quarter. Simplicity Wealth LLC raised its stake in shares of PepsiCo by 304.4% during the 1st quarter. Simplicity Wealth LLC now owns 29,059 shares of the company’s stock worth $4,357,000 after buying an additional 21,873 shares during the period. Finally, GAMMA Investing LLC grew its stake in PepsiCo by 28.1% in the 1st quarter. GAMMA Investing LLC now owns 30,603 shares of the company’s stock valued at $4,589,000 after acquiring an additional 6,712 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on PEP shares. Morgan Stanley lowered their price target on PepsiCo from $168.00 to $153.00 and set an “equal weight” rating on the stock in a research note on Friday, April 25th. Citigroup lowered their target price on shares of PepsiCo from $170.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Barclays dropped their target price on shares of PepsiCo from $143.00 to $135.00 and set an “equal weight” rating for the company in a report on Monday, April 28th. JPMorgan Chase & Co. raised their price target on shares of PepsiCo from $158.00 to $159.00 and gave the stock a “neutral” rating in a research note on Monday, April 21st. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $163.00 price objective on shares of PepsiCo in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $160.69.

PepsiCo Trading Down 0.1%

PepsiCo stock opened at $129.96 on Tuesday. PepsiCo, Inc. has a 12-month low of $127.75 and a 12-month high of $180.91. 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 stock has a market capitalization 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 firm has a 50 day simple moving average of $135.76 and a 200-day simple moving average of $145.84.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results 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). The company had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. PepsiCo’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.61 EPS. As a group, equities research analysts expect 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. Shareholders of record on Friday, June 6th will be given a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 4.38%. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. PepsiCo’s dividend payout ratio is presently 83.68%.

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.