Schnieders Capital Management LLC Boosts Stake in PepsiCo, Inc. (NASDAQ:PEP)

Schnieders Capital Management LLC increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,864 shares of the company’s stock after acquiring an additional 975 shares during the period. PepsiCo makes up approximately 1.8% of Schnieders Capital Management LLC’s portfolio, making the stock its 14th biggest holding. Schnieders Capital Management LLC’s holdings in PepsiCo were worth $5,038,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in PEP. United Asset Strategies Inc. grew its holdings in shares of PepsiCo by 5.6% during the third quarter. United Asset Strategies Inc. now owns 15,266 shares of the company’s stock worth $2,093,000 after buying an additional 816 shares in the last quarter. Commonwealth Equity Services LLC grew its position in shares of PepsiCo by 2.4% in the third quarter. Commonwealth Equity Services LLC now owns 677,097 shares of the company’s stock valued at $92,830,000 after purchasing an additional 16,041 shares during the period. Great Lakes Advisors LLC increased its stake in PepsiCo by 6.8% in the third quarter. Great Lakes Advisors LLC now owns 60,188 shares of the company’s stock valued at $8,252,000 after purchasing an additional 3,843 shares during the last quarter. SeaCrest Wealth Management LLC increased its stake in PepsiCo by 5.4% in the fourth quarter. SeaCrest Wealth Management LLC now owns 18,489 shares of the company’s stock valued at $2,527,000 after purchasing an additional 950 shares during the last quarter. Finally, Stillwater Investment Management LLC lifted its position in PepsiCo by 17.7% during the fourth quarter. Stillwater Investment Management LLC now owns 17,907 shares of the company’s stock worth $2,447,000 after buying an additional 2,688 shares during the period. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have issued reports on PEP. SunTrust Banks raised their price target on PepsiCo to and gave the stock a “hold” rating in a research note on Friday. Morgan Stanley downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 16th. Cfra increased their price objective on shares of PepsiCo from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday. BidaskClub raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Saturday, January 25th. Finally, Citigroup boosted their target price on shares of PepsiCo from $143.00 to $157.00 and gave the company a “neutral” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $137.95.

PEP stock traded up $0.52 during midday trading on Friday, reaching $146.99. 3,555,977 shares of the company’s stock traded hands. PepsiCo, Inc. has a fifty-two week low of $114.11 and a fifty-two week high of $147.15. The business has a 50-day moving average price of $140.23 and a two-hundred day moving average price of $136.19.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.01. The business had revenue of $20.64 billion during the quarter, compared to analyst estimates of $20.24 billion. During the same period in the previous year, the company earned $1.49 EPS. PepsiCo’s revenue was up 5.7% on a year-over-year basis. On average, equities analysts forecast that PepsiCo, Inc. will post 5.88 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 6th will be given a dividend of $0.955 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.82 dividend on an annualized basis and a yield of 2.60%. PepsiCo’s dividend payout ratio (DPR) is 69.08%.

PepsiCo Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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