Schear Investment Advisers LLC Sells 199 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Schear Investment Advisers LLC cut its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 4.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,082 shares of the company’s stock after selling 199 shares during the quarter. Schear Investment Advisers LLC’s holdings in PepsiCo were worth $621,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AMF Tjanstepension AB grew its position in PepsiCo by 15.8% during the 3rd 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 during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its holdings in shares of PepsiCo by 49.7% during the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,976 shares of the company’s stock valued at $336,000 after buying an additional 656 shares during the last quarter. ORG Wealth Partners LLC purchased a new position in PepsiCo in the 3rd quarter worth approximately $44,000. CX Institutional lifted its position in PepsiCo by 204.1% in the 3rd quarter. CX Institutional now owns 41,184 shares of the company’s stock valued at $7,003,000 after acquiring an additional 27,643 shares in the last quarter. Finally, Wesbanco Bank Inc. boosted its position in shares of PepsiCo by 1.2% during the third quarter. Wesbanco Bank Inc. now owns 152,685 shares of the company’s stock valued at $25,964,000 after buying an additional 1,877 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Price Performance

NASDAQ:PEP opened at $145.64 on Wednesday. The stock has a market cap of $199.75 billion, a PE ratio of 20.96, a P/E/G ratio of 2.89 and a beta of 0.54. The company has a quick ratio of 0.70, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The business’s 50-day simple moving average is $151.05 and its two-hundred day simple moving average is $163.87. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) 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 business had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. During the same period last year, the firm posted $1.78 EPS. The company’s revenue was down .2% on a year-over-year basis. As a group, analysts forecast that PepsiCo, Inc. will post 8.34 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.72%. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on PEP shares. CICC Research reissued a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. Barclays lowered their price objective on shares of PepsiCo from $158.00 to $153.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Morgan Stanley decreased their target price on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Evercore ISI dropped their price target on PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. Finally, Royal Bank of Canada began coverage on PepsiCo in a report on Tuesday, February 4th. They issued a $172.00 target price on the stock. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $171.47.

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.