Snowden Capital Advisors LLC Cuts Position in PepsiCo, Inc. (NASDAQ:PEP)

Snowden Capital Advisors LLC reduced its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 19.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 64,760 shares of the company’s stock after selling 15,308 shares during the period. Snowden Capital Advisors LLC’s holdings in PepsiCo were worth $9,949,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. FNY Investment Advisers LLC acquired a new position in shares of PepsiCo during the 4th quarter worth about $76,000. Fiduciary Financial Group LLC raised its holdings in shares of PepsiCo by 5.6% during the fourth quarter. Fiduciary Financial Group LLC now owns 1,852 shares of the company’s stock valued at $264,000 after acquiring an additional 98 shares during the last quarter. R.H. Investment Group LLC acquired a new position in shares of PepsiCo during the fourth quarter valued at approximately $286,000. Board of the Pension Protection Fund acquired a new stake in shares of PepsiCo in the fourth quarter worth approximately $91,000. Finally, Apella Capital LLC boosted its stake in shares of PepsiCo by 1.1% in the fourth quarter. Apella Capital LLC now owns 9,995 shares of the company’s stock worth $1,520,000 after acquiring an additional 111 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

NASDAQ PEP opened at $131.50 on Friday. The company has a market cap of $180.30 billion, a P/E ratio of 18.92, a P/E/G ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a 1-year low of $127.87 and a 1-year high of $183.41. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The stock has a 50-day moving average of $141.78 and a two-hundred day moving average of $149.90.

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). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same quarter last year, the firm posted $1.61 EPS. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. As a group, analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current 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 issued a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 4.33%. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo’s payout ratio is 83.68%.

Analysts Set New Price Targets

PEP has been the topic of several recent research reports. Dbs Bank cut shares of PepsiCo from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 9th. Wells Fargo & Company lowered their price target on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Morgan Stanley cut their price objective on shares of PepsiCo from $168.00 to $153.00 and set an “equal weight” rating for the company in a report on Friday, April 25th. Deutsche Bank Aktiengesellschaft lowered their target price on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Finally, BNP Paribas cut their price target on PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, PepsiCo currently 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.