Schneider Downs Wealth Management Advisors LP Sells 241 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Schneider Downs Wealth Management Advisors LP lowered its position in PepsiCo, Inc. (NASDAQ:PEPFree Report) by 16.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,254 shares of the company’s stock after selling 241 shares during the quarter. Schneider Downs Wealth Management Advisors LP’s holdings in PepsiCo were worth $213,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its position in shares of PepsiCo by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 19,001,928 shares of the company’s stock worth $3,227,287,000 after acquiring an additional 578,083 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 acquiring an additional 595,357 shares during the period. Norges Bank bought a new stake in shares of PepsiCo in the 4th quarter worth approximately $2,686,139,000. 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 acquiring an additional 1,470,064 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of PepsiCo by 15.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,421,163 shares of the company’s stock worth $1,430,250,000 after buying an additional 1,105,127 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 0.5 %

Shares of NASDAQ PEP traded down $0.92 during midday trading on Friday, hitting $182.19. The stock had a trading volume of 4,449,107 shares, compared to its average volume of 5,024,147. The company’s 50-day simple moving average is $173.04 and its 200 day simple moving average is $169.72. The firm has a market cap of $250.47 billion, a P/E ratio of 27.40, a price-to-earnings-growth ratio of 2.97 and a beta of 0.52. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $192.86. 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 (NASDAQ:PEPGet Free Report) last released its earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.52 by $0.09. The company had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the firm earned $1.50 EPS. Research analysts anticipate that PepsiCo, Inc. will post 8.17 EPS for the current year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a $1.355 dividend. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 annualized dividend and a dividend yield of 2.97%. The ex-dividend date is Friday, June 7th. PepsiCo’s dividend payout ratio (DPR) is 81.50%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PEP. Deutsche Bank Aktiengesellschaft increased their target price on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a report on Friday, February 9th. JPMorgan Chase & Co. increased their target price on PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price for the company in a report on Monday, March 18th. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $180.00 target price on shares of PepsiCo in a report on Monday, February 12th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, PepsiCo currently has a consensus rating of “Moderate Buy” and a consensus price target of $187.58.

View Our Latest Research Report on PEP

Insider Activity

In other news, CEO Ramkumar Krishnan sold 5,620 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $178.00, for a total value of $1,000,360.00. Following the transaction, the chief executive officer now directly owns 53,953 shares in the company, valued at approximately $9,603,634. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.15% of the company’s stock.

About PepsiCo

(Free Report)

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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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