Schnieders Capital Management LLC Sells 4,323 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Schnieders Capital Management LLC trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 11.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,117 shares of the company’s stock after selling 4,323 shares during the quarter. PepsiCo accounts for 1.3% of Schnieders Capital Management LLC’s portfolio, making the stock its 23rd largest position. Schnieders Capital Management LLC’s holdings in PepsiCo were worth $5,794,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in PEP. Caliber Wealth Management LLC raised its holdings in shares of PepsiCo by 11.8% during the third quarter. Caliber Wealth Management LLC now owns 12,401 shares of the company’s stock worth $2,101,000 after acquiring an additional 1,309 shares during the period. Kingdom Financial Group LLC. increased its stake in PepsiCo by 8.3% in the 3rd quarter. Kingdom Financial Group LLC. now owns 2,181 shares of the company’s stock valued at $370,000 after buying an additional 168 shares during the last quarter. Cassia Capital Partners LLC increased its stake in PepsiCo by 1.5% in the 3rd quarter. Cassia Capital Partners LLC now owns 4,143 shares of the company’s stock valued at $702,000 after buying an additional 63 shares during the last quarter. Rothschild Investment LLC IL increased its stake in PepsiCo by 0.6% in the 3rd quarter. Rothschild Investment LLC IL now owns 13,744 shares of the company’s stock valued at $2,329,000 after buying an additional 84 shares during the last quarter. Finally, LexAurum Advisors LLC increased its stake in PepsiCo by 6.7% in the 3rd quarter. LexAurum Advisors LLC now owns 2,491 shares of the company’s stock valued at $422,000 after buying an additional 157 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PEP has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research note on Friday, February 9th. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a research note on Monday, March 18th. Jefferies Financial Group boosted their price objective on shares of PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, Argus lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, PepsiCo presently has a consensus rating of “Moderate Buy” and an average price target of $186.92.

PepsiCo Price Performance

Shares of PepsiCo stock traded down $5.24 on Tuesday, reaching $171.22. 9,134,290 shares of the stock were exchanged, compared to its average volume of 5,799,144. The firm’s 50 day moving average is $168.84 and its 200-day moving average is $167.63. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $196.88. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.68 and a current ratio of 0.85. The firm has a market cap of $235.34 billion, a PE ratio of 26.06, a P/E/G ratio of 2.73 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Friday, February 9th. The company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.06. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The company had revenue of $27.84 billion during the quarter, compared to the consensus estimate of $28.40 billion. During the same quarter in the prior year, the firm posted $1.67 EPS. The firm’s quarterly revenue was down .6% on a year-over-year basis. As a group, analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were given a dividend of $1.265 per share. This represents a $5.06 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend was Thursday, February 29th. PepsiCo’s dividend payout ratio is 77.02%.

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.