Fiducient Advisors LLC Reduces Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Fiducient Advisors LLC lessened its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 29.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,035 shares of the company’s stock after selling 862 shares during the quarter. Fiducient Advisors LLC’s holdings in PepsiCo were worth $346,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings in PepsiCo by 5.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 18,423,845 shares of the company’s stock worth $3,121,736,000 after purchasing an additional 920,032 shares during the period. Northern Trust Corp raised its holdings in 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 raised its holdings in 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 raised its holdings in 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 raised its holdings in PepsiCo by 2.1% in the 3rd quarter. Deutsche Bank AG now owns 6,774,800 shares of the company’s stock worth $1,147,922,000 after purchasing an additional 142,243 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 0.1 %

PepsiCo stock traded down $0.23 during midday trading on Tuesday, reaching $175.91. The company’s stock had a trading volume of 4,465,101 shares, compared to its average volume of 5,806,826. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $196.88. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. The company has a market cap of $241.84 billion, a P/E ratio of 26.45, a P/E/G ratio of 2.86 and a beta of 0.53. The business has a 50-day simple moving average of $169.74 and a 200-day simple moving average of $168.16.

PepsiCo (NASDAQ:PEP) last posted 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 company had revenue of $18.25 billion for the quarter, compared to analysts’ expectations of $18.08 billion. During the same period last year, the firm earned $1.50 earnings per share. PepsiCo’s quarterly revenue was up 2.3% on a year-over-year basis. On average, research analysts expect that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a $1.355 dividend. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 annualized dividend and a dividend yield of 3.08%. PepsiCo’s dividend payout ratio is presently 76.09%.

Analysts Set New Price Targets

A number of equities analysts have commented on PEP shares. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Jefferies Financial Group increased their target price on PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a report on Friday, April 5th. Wedbush restated an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a research report on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft upped their price target on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research report on Friday, February 9th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $180.00 price target on shares of PepsiCo in a research report on Monday, February 12th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $187.42.

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.