Fiera Capital Corp Sells 264,736 Shares of PepsiCo, Inc. $PEP

Fiera Capital Corp trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 8.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,741,056 shares of the company’s stock after selling 264,736 shares during the period. PepsiCo makes up approximately 1.2% of Fiera Capital Corp’s holdings, making the stock its 24th biggest holding. Fiera Capital Corp’s holdings in PepsiCo were worth $393,396,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of PEP. Brighton Jones LLC raised its holdings in shares of PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after acquiring an additional 6,574 shares in the last quarter. Caxton Associates LLP purchased a new stake in PepsiCo during the 1st quarter valued at $251,000. Sivia Capital Partners LLC raised its holdings in PepsiCo by 138.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 6,527 shares of the company’s stock valued at $862,000 after buying an additional 3,790 shares during the period. Schnieders Capital Management LLC. raised its holdings in PepsiCo by 10.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 38,164 shares of the company’s stock valued at $5,039,000 after buying an additional 3,502 shares during the period. Finally, Sei Investments Co. raised its holdings in PepsiCo by 45.5% during the 2nd quarter. Sei Investments Co. now owns 536,133 shares of the company’s stock valued at $70,789,000 after buying an additional 167,707 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Price Performance

Shares of PEP stock opened at $141.92 on Monday. The stock has a 50 day moving average of $152.21 and a 200 day moving average of $152.54. The company has a current ratio of 0.90, a quick ratio of 0.72 and a debt-to-equity ratio of 1.98. The stock has a market cap of $193.97 billion, a P/E ratio of 22.28, a P/E/G ratio of 2.57 and a beta of 0.35. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $171.48.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.06. The company had revenue of $19.44 billion during the quarter, compared to analysts’ expectations of $18.89 billion. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.PepsiCo’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the business earned $1.48 earnings per share. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.63 EPS for the current year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be issued a dividend of $1.48 per share. The ex-dividend date of this dividend is Friday, June 5th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.42. This represents a $5.92 annualized dividend and a yield of 4.2%. PepsiCo’s payout ratio is 92.94%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on PEP shares. Deutsche Bank Aktiengesellschaft increased their price target on PepsiCo from $169.00 to $173.00 and gave the company a “buy” rating in a report on Friday, April 17th. Royal Bank Of Canada dropped their price target on PepsiCo from $165.00 to $163.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 9th. Barclays increased their price target on PepsiCo from $154.00 to $158.00 and gave the stock an “equal weight” rating in a research report on Monday, April 20th. HSBC lifted their target price on PepsiCo from $175.00 to $176.00 and gave the company a “hold” rating in a research note on Friday, April 17th. Finally, Rothschild & Co Redburn lifted their target price on PepsiCo from $130.00 to $132.00 in a research note on Monday, May 11th. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $169.58.

PepsiCo Company Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.