Financial Advisors LLC Trims Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Financial Advisors LLC trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,151 shares of the company’s stock after selling 103 shares during the period. Financial Advisors LLC’s holdings in PepsiCo were worth $365,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its position in shares of PepsiCo by 5.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 18,423,845 shares of the company’s stock valued at $3,121,736,000 after purchasing an additional 920,032 shares during the period. Northern Trust Corp lifted its position in shares of PepsiCo by 3.7% in the 3rd quarter. Northern Trust Corp now owns 16,878,022 shares of the company’s stock worth $2,859,812,000 after purchasing an additional 595,357 shares during the period. California Public Employees Retirement System lifted its position in shares of PepsiCo by 17.9% in the 4th quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock worth $1,641,389,000 after purchasing an additional 1,470,064 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of PepsiCo by 9.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,316,036 shares of the company’s stock worth $1,239,629,000 after purchasing an additional 608,321 shares during the period. Finally, Deutsche Bank AG lifted its position in PepsiCo by 2.1% during the third quarter. Deutsche Bank AG now owns 6,774,800 shares of the company’s stock valued at $1,147,922,000 after acquiring an additional 142,243 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Down 0.6 %

PepsiCo stock traded down $1.10 during midday trading on Friday, hitting $175.58. 4,472,102 shares of the company were exchanged, compared to its average volume of 5,365,961. The company’s fifty day moving average price is $169.40 and its 200-day moving average price is $167.88. The company has a market cap of $241.39 billion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 2.86 and a beta of 0.53. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $196.88.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $18.08 billion. During the same period in the previous year, the business earned $1.50 EPS. The business’s quarterly revenue was up 2.3% on a year-over-year basis. On average, research analysts predict that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were given a dividend of $1.265 per share. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend was Thursday, February 29th. PepsiCo’s dividend payout ratio (DPR) is presently 76.09%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PEP. Argus lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a report on Friday, February 9th. Barclays raised their price target on shares of PepsiCo from $184.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday. Jefferies Financial Group raised their price target on shares of PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a research note on Monday, March 18th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $187.42.

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.