Relyea Zuckerberg Hanson LLC Has $1.57 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Relyea Zuckerberg Hanson LLC lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 9.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,442 shares of the company’s stock after selling 1,099 shares during the quarter. Relyea Zuckerberg Hanson LLC’s holdings in PepsiCo were worth $1,566,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. WealthTrak Capital Management LLC purchased a new stake in shares of PepsiCo during the 4th quarter worth about $28,000. Creative Capital Management Investments LLC acquired a new position in shares of PepsiCo during the 4th quarter worth $30,000. Prudent Man Investment Management Inc. acquired a new position in shares of PepsiCo during the 4th quarter worth $30,000. Measured Risk Portfolios Inc. bought a new stake in shares of PepsiCo during the 4th quarter worth about $31,000. Finally, Summit Securities Group LLC acquired a new stake in shares of PepsiCo in the fourth quarter worth $33,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PEP shares. UBS Group dropped their price objective on PepsiCo from $175.00 to $169.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. JPMorgan Chase & Co. boosted their price target on PepsiCo from $158.00 to $159.00 and gave the company a “neutral” rating in a research note on Monday, April 21st. Evercore ISI set a $140.00 price target on PepsiCo in a report on Thursday, April 24th. Barclays lowered their price objective on shares of PepsiCo from $143.00 to $135.00 and set an “equal weight” rating for the company in a research report on Monday, April 28th. Finally, Dbs Bank cut PepsiCo from a “strong-buy” rating to a “hold” rating in a report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and a consensus price target of $160.69.

PepsiCo Trading Up 1.8%

NASDAQ PEP opened at $132.30 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The stock has a 50 day moving average of $134.82 and a 200-day moving average of $145.42. The company has a market cap of $181.39 billion, a PE ratio of 19.04, a PEG ratio of 3.09 and a beta of 0.45. PepsiCo, Inc. has a 12 month low of $127.75 and a 12 month high of $180.91.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). The company had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.61 EPS. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a dividend of $1.4225 per share. The ex-dividend date is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a yield of 4.30%. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s dividend payout ratio is currently 83.68%.

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.