Goelzer Investment Management Inc. Sells 777 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Goelzer Investment Management Inc. decreased its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,526 shares of the company’s stock after selling 777 shares during the quarter. PepsiCo makes up approximately 0.7% of Goelzer Investment Management Inc.’s portfolio, making the stock its 21st largest position. Goelzer Investment Management Inc.’s holdings in PepsiCo were worth $11,941,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. WealthTrak Capital Management LLC bought a new stake in shares of PepsiCo in the 4th quarter worth $28,000. Prudent Man Investment Management Inc. bought a new stake in shares of PepsiCo in the 4th quarter worth $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 bought a new stake in shares of PepsiCo in the 4th quarter worth $33,000. Finally, GKV Capital Management Co. Inc. bought a new stake in shares of PepsiCo in the 4th quarter worth $38,000. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Citigroup reduced their price target on shares of PepsiCo from $170.00 to $160.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Barclays reduced their price target 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. UBS Group reduced their price target on shares of PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Evercore ISI set a $140.00 price target on shares of PepsiCo in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. increased their price target on shares of PepsiCo from $158.00 to $159.00 and gave the company a “neutral” rating in a research report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $160.69.

PepsiCo Price Performance

PEP stock opened at $129.07 on Monday. The firm has a 50 day moving average of $133.19 and a 200-day moving average of $143.83. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 2.13. PepsiCo, Inc. has a 12 month low of $127.75 and a 12 month high of $180.91. The firm has a market capitalization of $176.97 billion, a P/E ratio of 18.98, a price-to-earnings-growth ratio of 3.71 and a beta of 0.45.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The firm had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter last year, the business posted $1.61 earnings per share. PepsiCo’s revenue was down 1.8% compared to the same quarter last year. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal 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 paid a $1.4225 dividend. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date is Friday, June 6th. PepsiCo’s dividend payout ratio (DPR) is currently 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.