PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Fiera Capital Corp

Key Points

• Fiera Capital Corp reduced its stake in PepsiCo by 1.1%, holding approximately $519.92 million in shares after selling 38,661 shares, making PepsiCo the 16th largest position in its portfolio.
• PepsiCo recently reported earnings of $2.12 per share, exceeding analyst expectations, and announced a quarterly dividend of $1.4225 per share, with a yield of 4.02%.
• As of now, institutional investors own 73.07% of Coke's stock, with various hedge funds adjusting their holdings during recent quarters, indicating ongoing interest in the company.

Fiera Capital Corp trimmed its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,467,510 shares of the company's stock after selling 38,661 shares during the quarter. PepsiCo comprises 1.9% of Fiera Capital Corp's investment portfolio, making the stock its 16th biggest holding. Fiera Capital Corp owned 0.25% of PepsiCo worth $519,918,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its holdings in shares of PepsiCo by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 31,079,522 shares of the company's stock valued at $4,717,069,000 after buying an additional 582,254 shares during the period. Northern Trust Corp lifted its holdings in shares of PepsiCo by 8.7% in the 4th quarter. Northern Trust Corp now owns 16,403,395 shares of the company's stock valued at $2,494,300,000 after buying an additional 1,306,818 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of PepsiCo by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company's stock valued at $2,108,585,000 after buying an additional 49,699 shares during the period. Franklin Resources Inc. lifted its holdings in shares of PepsiCo by 5.6% in the 4th quarter. Franklin Resources Inc. now owns 13,748,403 shares of the company's stock valued at $2,090,582,000 after buying an additional 727,087 shares during the period. Finally, Capital Research Global Investors lifted its holdings in shares of PepsiCo by 7.4% in the 4th quarter. Capital Research Global Investors now owns 12,048,646 shares of the company's stock valued at $1,832,116,000 after buying an additional 831,148 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on PEP. Bank of America reduced their price objective on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a report on Friday, July 11th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $148.00 price objective on shares of PepsiCo in a report on Tuesday, June 24th. Wells Fargo & Company lifted their price objective on PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Barclays lifted their price objective on PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, PepsiCo presently has a consensus rating of "Hold" and a consensus target price of $158.73.

PepsiCo Trading Up 1.2%

PepsiCo stock traded up $1.71 during midday trading on Friday, reaching $139.63. The stock had a trading volume of 3,891,498 shares, compared to its average volume of 8,568,739. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $180.91. The stock has a market capitalization of $191.17 billion, a PE ratio of 25.41, a price-to-earnings-growth ratio of 3.81 and a beta of 0.45. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The stock's 50-day simple moving average is $134.43 and its 200 day simple moving average is $140.93.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The firm had revenue of $22.73 billion for the quarter, compared to analysts' expectations of $22.28 billion. During the same quarter last year, the firm earned $2.28 earnings per share. The firm's revenue for the quarter was up 1.0% compared to the same quarter last year. Analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued a $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 4.1%. PepsiCo's dividend payout ratio (DPR) is presently 103.64%.

PepsiCo 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.