Beach Investment Counsel Inc. PA Sells 250 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Beach Investment Counsel Inc. PA decreased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 1.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,025 shares of the company’s stock after selling 250 shares during the period. Beach Investment Counsel Inc. PA’s holdings in PepsiCo were worth $2,103,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. WealthTrak Capital Management LLC bought a new position in shares of PepsiCo during the fourth quarter valued at $28,000. Collier Financial bought a new stake in PepsiCo in the fourth quarter worth approximately $28,000. Creative Capital Management Investments LLC bought a new position in PepsiCo in the fourth quarter worth approximately $30,000. Prudent Man Investment Management Inc. acquired a new position in shares of PepsiCo during the fourth quarter worth approximately $30,000. Finally, Measured Risk Portfolios Inc. bought a new position in shares of PepsiCo in the 4th quarter worth $31,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. lifted 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. Dbs Bank cut shares of PepsiCo from a “strong-buy” rating to a “hold” rating in a report on Friday, May 9th. Royal Bank of Canada restated a “sector perform” rating and issued a $163.00 target price on shares of PepsiCo in a research note on Tuesday, April 22nd. Bank of America cut their price objective on PepsiCo from $155.00 to $150.00 and set a “neutral” rating on the stock in a research report on Friday, April 25th. Finally, Jefferies Financial Group cut PepsiCo from a “buy” rating to a “hold” rating and lowered their target price for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and a consensus target price of $160.69.

PepsiCo Stock Performance

NASDAQ PEP opened at $130.03 on Friday. The company has a market capitalization of $178.28 billion, a P/E ratio of 18.71, a P/E/G ratio of 3.09 and a beta of 0.45. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. PepsiCo, Inc. has a 52-week low of $127.75 and a 52-week high of $180.91. The company has a fifty day moving average of $136.15 and a 200-day moving average of $146.16.

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

PepsiCo Increases Dividend

The firm also recently declared 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 is a positive change from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a yield of 4.38%. 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.