Janney Capital Management LLC Decreases Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Janney Capital Management LLC trimmed its position in PepsiCo, Inc. (NASDAQ:PEP) by 8.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,717 shares of the company’s stock after selling 1,809 shares during the quarter. Janney Capital Management LLC’s holdings in PepsiCo were worth $3,106,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. WealthTrak Capital Management LLC bought a new position in PepsiCo during the 4th quarter valued at approximately $28,000. Prudent Man Investment Management Inc. bought a new position in PepsiCo in the 4th quarter valued at approximately $30,000. Measured Risk Portfolios Inc. bought a new stake in shares of PepsiCo in the 4th quarter worth $31,000. Summit Securities Group LLC purchased a new stake in shares of PepsiCo during the fourth quarter valued at $33,000. Finally, GKV Capital Management Co. Inc. purchased a new position in PepsiCo in the 4th quarter worth about $38,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Down 0.2%

PEP stock opened at $129.07 on Thursday. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 0.83. The firm has a market cap of $176.97 billion, a PE ratio of 18.98, a P/E/G ratio of 3.71 and a beta of 0.45. PepsiCo, Inc. has a one year low of $127.75 and a one year high of $180.91. The firm’s fifty day moving average is $133.80 and its 200 day moving average is $144.52.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $17.81 billion. PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.61 earnings per share. On average, research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 4.41%. The ex-dividend date of this dividend is Friday, June 6th. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s dividend payout ratio (DPR) is 83.68%.

Analyst Upgrades and Downgrades

Several analysts recently commented on PEP shares. Morgan Stanley cut their price objective on PepsiCo from $168.00 to $153.00 and set an “equal weight” rating for the company in a report on Friday, April 25th. UBS Group cut their price target on PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a report on Friday, April 25th. Barclays lowered their price objective on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Monday, April 28th. Jefferies Financial Group cut shares of PepsiCo from a “buy” rating to a “hold” rating and decreased their target price for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $163.00 price target on shares of PepsiCo in a research report 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $160.69.

About PepsiCo

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.