Fiducient Advisors LLC Has $346,000 Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Fiducient Advisors LLC lowered its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 29.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,035 shares of the company’s stock after selling 862 shares during the period. Fiducient Advisors LLC’s holdings in PepsiCo were worth $346,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. grew its stake in PepsiCo by 5.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 18,423,845 shares of the company’s stock worth $3,121,736,000 after purchasing an additional 920,032 shares during the period. Northern Trust Corp grew its stake in PepsiCo by 3.7% in the third quarter. Northern Trust Corp now owns 16,878,022 shares of the company’s stock valued at $2,859,812,000 after acquiring an additional 595,357 shares during the period. California Public Employees Retirement System grew its stake in PepsiCo by 17.9% in the fourth quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock valued at $1,641,389,000 after acquiring an additional 1,470,064 shares during the period. Massachusetts Financial Services Co. MA grew its stake in PepsiCo by 9.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,316,036 shares of the company’s stock valued at $1,239,629,000 after acquiring an additional 608,321 shares during the period. Finally, Deutsche Bank AG grew its stake in PepsiCo by 2.1% in the third quarter. Deutsche Bank AG now owns 6,774,800 shares of the company’s stock valued at $1,147,922,000 after acquiring an additional 142,243 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Down 0.1 %

PepsiCo stock traded down $0.23 during mid-day trading on Tuesday, reaching $175.91. 4,465,101 shares of the company were exchanged, compared to its average volume of 5,806,826. The business has a fifty day moving average of $169.74 and a 200 day moving average of $168.16. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. The firm has a market cap of $241.84 billion, a P/E ratio of 26.45, a PEG ratio of 2.86 and a beta of 0.53. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $196.88.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The firm had revenue of $18.25 billion during the quarter, compared to analyst estimates of $18.08 billion. During the same quarter in the prior year, the business posted $1.50 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. Research analysts anticipate that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.08%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio is currently 76.09%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PEP. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $180.00 to $195.00 in a research report on Monday, February 12th. Wedbush restated an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a research report on Tuesday, April 23rd. Jefferies Financial Group upped their price objective on PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $180.00 price objective on shares of PepsiCo in a report on Monday, February 12th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, PepsiCo has a consensus rating of “Moderate Buy” and a consensus target price of $187.42.

PepsiCo Company 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.