PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lowered its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 4.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,610 shares of the company’s stock after selling 1,141 shares during the period. Sequoia Financial Advisors LLC’s holdings in PepsiCo were worth $3,316,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in PEP. Orser Capital Management LLC grew its holdings in shares of PepsiCo by 1.1% in the fourth quarter. Orser Capital Management LLC now owns 13,594 shares of the company’s stock valued at $1,860,000 after purchasing an additional 152 shares in the last quarter. Candriam Luxembourg S.C.A. grew its holdings in PepsiCo by 16.4% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 461,309 shares of the company’s stock worth $63,048,000 after acquiring an additional 64,960 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in PepsiCo during the 4th quarter worth approximately $40,000. Merriman Wealth Management LLC grew its holdings in PepsiCo by 20.9% during the 4th quarter. Merriman Wealth Management LLC now owns 1,839 shares of the company’s stock worth $251,000 after acquiring an additional 318 shares in the last quarter. Finally, McAdam LLC acquired a new position in PepsiCo during the 4th quarter worth approximately $205,000. Hedge funds and other institutional investors own 70.84% of the company’s stock.

PEP stock traded up $0.27 on Friday, hitting $130.48. The company’s stock had a trading volume of 3,344,403 shares, compared to its average volume of 6,111,983. The firm has a 50 day moving average of $132.43 and a two-hundred day moving average of $134.80. PepsiCo, Inc. has a 1 year low of $101.42 and a 1 year high of $147.20. The stock has a market cap of $180.67 billion, a price-to-earnings ratio of 23.17, a price-to-earnings-growth ratio of 4.98 and a beta of 0.60. The company has a current ratio of 1.10, a quick ratio of 0.94 and a debt-to-equity ratio of 2.61.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.04. The company had revenue of $13.88 billion for the quarter, compared to analysts’ expectations of $13.20 billion. PepsiCo had a net margin of 10.62% and a return on equity of 55.74%. PepsiCo’s revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.97 EPS. As a group, equities analysts forecast that PepsiCo, Inc. will post 5.32 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be paid a $1.0225 dividend. This is a boost from PepsiCo’s previous quarterly dividend of $0.96. This represents a $4.09 annualized dividend and a yield of 3.13%. The ex-dividend date is Thursday, June 4th. PepsiCo’s payout ratio is currently 69.08%.

Several research firms have commented on PEP. Goldman Sachs Group began coverage on shares of PepsiCo in a report on Wednesday, April 1st. They set a “conviction-buy” rating for the company. Guggenheim boosted their price target on shares of PepsiCo from $134.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Deutsche Bank lowered their price target on shares of PepsiCo from $145.00 to $143.00 and set a “hold” rating for the company in a report on Thursday, March 12th. Citigroup reduced their price objective on shares of PepsiCo from $157.00 to $148.00 and set a “neutral” rating for the company in a research report on Wednesday, April 29th. Finally, SunTrust Banks boosted their price objective on shares of PepsiCo from $115.00 to $125.00 and gave the stock a “hold” rating in a research report on Wednesday, April 29th. Eight analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $142.00.

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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