Schnieders Capital Management LLC Has $5.06 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Schnieders Capital Management LLC decreased its position in PepsiCo, Inc. (NASDAQ:PEP) by 0.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 33,297 shares of the company’s stock after selling 205 shares during the period. PepsiCo makes up 1.0% of Schnieders Capital Management LLC’s investment portfolio, making the stock its 26th biggest holding. Schnieders Capital Management LLC’s holdings in PepsiCo were worth $5,063,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. AMF Tjanstepension AB grew its position in PepsiCo by 15.8% in the third quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock valued at $50,016,000 after purchasing an additional 40,031 shares in the last quarter. Swedbank AB boosted its stake in shares of PepsiCo by 211.4% during the 3rd quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock worth $398,847,000 after buying an additional 1,592,343 shares during the last quarter. Howard Capital Management Group LLC increased its position in shares of PepsiCo by 2.0% in the third quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock valued at $777,000 after acquiring an additional 90 shares during the last quarter. Fidelis Capital Partners LLC raised its holdings in PepsiCo by 16.4% during the third quarter. Fidelis Capital Partners LLC now owns 11,905 shares of the company’s stock worth $2,059,000 after acquiring an additional 1,675 shares in the last quarter. Finally, Saybrook Capital NC boosted its position in PepsiCo by 7.7% during the third quarter. Saybrook Capital NC now owns 14,105 shares of the company’s stock valued at $2,398,000 after purchasing an additional 1,003 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PEP has been the topic of several recent analyst reports. Evercore ISI lowered their price target on PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. CICC Research restated a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. TD Cowen cut their price target on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company lowered their price objective on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co. cut their target price on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $171.47.

PepsiCo Stock Down 3.1 %

PEP stock opened at $151.51 on Thursday. The business’s fifty day moving average price is $148.56 and its two-hundred day moving average price is $161.80. The stock has a market capitalization of $207.80 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 3.09 and a beta of 0.54. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week 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.

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

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s payout ratio is presently 77.99%.

PepsiCo 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.