Strategic Financial Services Inc. Has $2.32 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Strategic Financial Services Inc. reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 8.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 15,272 shares of the company’s stock after selling 1,360 shares during the period. Strategic Financial Services Inc.’s holdings in PepsiCo were worth $2,322,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Collier Financial bought a new stake in PepsiCo during the 4th quarter worth approximately $28,000. Creative Capital Management Investments LLC bought a new position in shares of PepsiCo in the fourth quarter valued at approximately $30,000. Legacy Investment Solutions LLC bought a new position in shares of PepsiCo in the third quarter valued at approximately $31,000. Bay Harbor Wealth Management LLC bought a new position in PepsiCo during the fourth quarter valued at $34,000. Finally, Human Investing LLC bought a new position in PepsiCo during the fourth quarter valued at $39,000. 73.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on PEP. Royal Bank of Canada began coverage on PepsiCo in a report on Tuesday, February 4th. They set a $172.00 price objective for the company. HSBC reduced their price objective on PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. CICC Research reissued a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. Barclays downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $168.00 to $156.00 in a research report on Tuesday. Finally, Jefferies Financial Group downgraded PepsiCo from a “buy” rating to a “hold” rating and dropped their target price for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $169.88.

PepsiCo Trading Down 0.6 %

Shares of PEP stock opened at $148.11 on Thursday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The company has a market capitalization of $203.13 billion, a PE ratio of 21.31, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The business’s fifty day moving average is $148.97 and its 200 day moving average is $159.50.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. The business had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm’s revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.78 earnings per share. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.66%. PepsiCo’s dividend payout ratio is presently 77.99%.

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.