Fulcrum Capital LLC Lowers Stock Position in PepsiCo, Inc. (NASDAQ:PEP)


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Fulcrum Capital LLC reduced its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 46,647 shares of the company’s stock after selling 356 shares during the period. PepsiCo makes up 1.9% of Fulcrum Capital LLC’s investment portfolio, making the stock its 25th largest holding. Fulcrum Capital LLC’s holdings in PepsiCo were worth $6,598,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. OLD Mission Capital LLC purchased a new position in PepsiCo during the 3rd quarter worth $256,000. Schonfeld Strategic Advisors LLC acquired a new position in PepsiCo during the 3rd quarter worth approximately $9,522,000. IHT Wealth Management LLC lifted its holdings in shares of PepsiCo by 1.2% in the 3rd quarter. IHT Wealth Management LLC now owns 15,203 shares of the company’s stock valued at $2,107,000 after buying an additional 176 shares during the period. Kingsview Wealth Management LLC grew its holdings in PepsiCo by 3.1% during the third quarter. Kingsview Wealth Management LLC now owns 50,982 shares of the company’s stock worth $7,066,000 after acquiring an additional 1,542 shares during the period. Finally, Catalyst Private Wealth LLC acquired a new position in shares of PepsiCo during the 3rd quarter worth $34,000. Institutional investors and hedge funds own 69.94% of the company’s stock.

A number of analysts have commented on the company. Deutsche Bank Aktiengesellschaft boosted their target price on PepsiCo from $143.00 to $148.00 and gave the stock a “hold” rating in a research report on Wednesday, February 3rd. Zacks Investment Research upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $142.00 price target on the stock in a research report on Friday, February 12th. Royal Bank of Canada lowered shares of PepsiCo from an “outperform” rating to a “sector perform” rating and set a $153.00 price objective for the company. in a research report on Monday, January 4th. They noted that the move was a valuation call. Barclays upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $151.00 price target on the stock in a report on Monday, March 29th. Finally, Guggenheim restated a “buy” rating on shares of PepsiCo in a research note on Thursday, April 1st. One analyst has rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $147.40.

Shares of PEP stock traded up $0.17 during trading hours on Tuesday, reaching $143.19. The stock had a trading volume of 69,177 shares, compared to its average volume of 5,718,203. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.93 and a quick ratio of 0.77. PepsiCo, Inc. has a twelve month low of $126.53 and a twelve month high of $148.77. The firm has a 50-day simple moving average of $136.22 and a 200-day simple moving average of $139.85. The firm has a market capitalization of $197.61 billion, a PE ratio of 28.32, a price-to-earnings-growth ratio of 3.63 and a beta of 0.57.

PepsiCo (NASDAQ:PEP) last released its earnings results on Thursday, February 11th. The company reported $1.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.02. The firm had revenue of $22.46 billion for the quarter, compared to analysts’ expectations of $22 billion. PepsiCo had a net margin of 10.27% and a return on equity of 56.28%. On average, equities analysts anticipate that PepsiCo, Inc. will post 5.51 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Friday, March 5th were issued a $1.0225 dividend. This represents a $4.09 annualized dividend and a dividend yield of 2.86%. The ex-dividend date was Thursday, March 4th. PepsiCo’s payout ratio is 73.96%.

PepsiCo Profile

PepsiCo, Inc operates as a food and beverage company 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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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