Cardinal Strategic Wealth Guidance Has $317,000 Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Cardinal Strategic Wealth Guidance decreased its position in PepsiCo, Inc. (NASDAQ:PEP) by 13.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,869 shares of the company’s stock after selling 285 shares during the quarter. Cardinal Strategic Wealth Guidance’s holdings in PepsiCo were worth $317,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PEP. Mirae Asset Global Investments Co. Ltd. grew its holdings in PepsiCo by 34.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,128,044 shares of the company’s stock worth $188,812,000 after acquiring an additional 286,169 shares during the last quarter. AMI Investment Management Inc. boosted its stake in shares of PepsiCo by 0.7% in the 1st quarter. AMI Investment Management Inc. now owns 16,627 shares of the company’s stock valued at $2,783,000 after purchasing an additional 113 shares during the last quarter. Mather Group LLC. boosted its stake in shares of PepsiCo by 29.3% in the 1st quarter. Mather Group LLC. now owns 5,562 shares of the company’s stock valued at $931,000 after purchasing an additional 1,262 shares during the last quarter. Wsfs Capital Management LLC boosted its stake in shares of PepsiCo by 117.2% in the 1st quarter. Wsfs Capital Management LLC now owns 2,995 shares of the company’s stock valued at $501,000 after purchasing an additional 1,616 shares during the last quarter. Finally, Equitable Holdings Inc. raised its position in shares of PepsiCo by 8.5% in the 1st quarter. Equitable Holdings Inc. now owns 26,909 shares of the company’s stock valued at $4,504,000 after acquiring an additional 2,116 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 0.8 %

Shares of NASDAQ PEP traded up $1.29 during midday trading on Tuesday, reaching $168.24. The company’s stock had a trading volume of 1,195,164 shares, compared to its average volume of 5,700,942. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 2.02. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $196.88. The stock has a market capitalization of $231.25 billion, a price-to-earnings ratio of 25.61, a PEG ratio of 2.64 and a beta of 0.53. The stock has a 50 day simple moving average of $168.70 and a 200-day simple moving average of $167.38.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $28.40 billion. During the same period last year, the company earned $1.67 earnings per share. The firm’s revenue was down .6% compared to the same quarter last year. Equities research analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were paid a $1.265 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 annualized dividend and a dividend yield of 3.01%. PepsiCo’s dividend payout ratio is presently 77.02%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on PEP shares. Jefferies Financial Group increased their price target on shares of PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Wedbush reiterated an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a research report on Friday, February 9th. Argus downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft increased their price target on shares of PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research report on Friday, February 9th. Finally, JPMorgan Chase & Co. downgraded shares of PepsiCo from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $185.00 to $176.00 in a report on Tuesday, December 19th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, PepsiCo has an average rating of “Moderate Buy” and an average target price of $186.92.

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.