PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Bank of New Hampshire

Bank of New Hampshire lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,584 shares of the company’s stock after selling 289 shares during the period. PepsiCo makes up approximately 1.1% of Bank of New Hampshire’s portfolio, making the stock its 24th largest position. Bank of New Hampshire’s holdings in PepsiCo were worth $4,127,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in PEP. LFA Lugano Financial Advisors SA raised its stake in shares of PepsiCo by 80.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after acquiring an additional 70 shares during the period. Fortis Group Advisors LLC lifted its stake in PepsiCo by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after purchasing an additional 97 shares in the last quarter. Life Planning Partners Inc acquired a new stake in shares of PepsiCo in the fourth quarter valued at $34,000. Naples Money Management LLC purchased a new stake in shares of PepsiCo in the 4th quarter valued at $36,000. Finally, Criterion Capital Advisors LLC purchased a new position in PepsiCo during the 4th quarter valued at about $39,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Ramkumar Krishnan sold 5,620 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $178.00, for a total value of $1,000,360.00. Following the sale, the chief executive officer now directly owns 53,953 shares in the company, valued at approximately $9,603,634. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.15% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. JPMorgan Chase & Co. boosted their target price on PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Argus downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Barclays reduced their price objective on shares of PepsiCo from $185.00 to $180.00 and set an “overweight” rating on the stock in a report on Wednesday, June 12th. Wedbush reissued an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a report on Tuesday, April 23rd. Finally, Jefferies Financial Group lifted their price target on PepsiCo from $209.00 to $211.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, PepsiCo presently has an average rating of “Moderate Buy” and an average price target of $187.17.

PepsiCo Stock Performance

PepsiCo stock traded up $0.49 during trading hours on Friday, reaching $167.17. 3,658,255 shares of the stock were exchanged, compared to its average volume of 5,466,038. The stock has a market cap of $229.82 billion, a P/E ratio of 25.06, a P/E/G ratio of 2.72 and a beta of 0.52. The firm’s 50 day moving average is $173.73 and its 200 day moving average is $170.33. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $192.38.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The business had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. During the same period last year, the firm earned $1.50 EPS. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. Analysts predict that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a $1.355 dividend. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 annualized dividend and a yield of 3.24%. The ex-dividend date is Friday, June 7th. PepsiCo’s dividend payout ratio (DPR) is presently 81.50%.

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.