Schnieders Capital Management LLC Trims Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Schnieders Capital Management LLC decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 11.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 34,117 shares of the company’s stock after selling 4,323 shares during the period. PepsiCo makes up 1.3% of Schnieders Capital Management LLC’s investment portfolio, making the stock its 23rd largest position. Schnieders Capital Management LLC’s holdings in PepsiCo were worth $5,794,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PEP. LFA Lugano Financial Advisors SA boosted its position in shares of PepsiCo by 80.5% in the fourth 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. Life Planning Partners Inc bought a new stake in PepsiCo during the fourth quarter valued at approximately $34,000. Naples Money Management LLC bought a new stake in PepsiCo during the fourth quarter valued at approximately $36,000. Criterion Capital Advisors LLC bought a new stake in PepsiCo during the fourth quarter valued at approximately $39,000. Finally, Avion Wealth lifted its position in PepsiCo by 61.7% during the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after purchasing an additional 92 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on PEP shares. Jefferies Financial Group lifted their target price on shares of PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Argus downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $180.00 to $195.00 in a research note on Monday, February 12th. Wedbush reissued an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a research note on Tuesday. Finally, StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, PepsiCo presently has an average rating of “Moderate Buy” and an average target price of $186.92.

PepsiCo Trading Down 3.0 %

PepsiCo stock traded down $5.24 during mid-day trading on Tuesday, reaching $171.22. 9,134,290 shares of the company traded hands, compared to its average volume of 5,799,144. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.85 and a quick ratio of 0.68. The firm’s 50 day moving average price is $168.84 and its 200 day moving average price is $167.63. The firm has a market capitalization of $235.34 billion, a price-to-earnings ratio of 26.06, a P/E/G ratio of 2.73 and a beta of 0.53. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $196.88.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. The business had revenue of $27.84 billion for the quarter, compared to the consensus estimate of $28.40 billion. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.67 EPS. On average, analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders 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 yield of 2.96%. The ex-dividend date of this dividend was Thursday, February 29th. PepsiCo’s payout ratio is currently 77.02%.

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.