PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Schear Investment Advisers LLC

Schear Investment Advisers LLC trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 62.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,541 shares of the company's stock after selling 2,541 shares during the period. Schear Investment Advisers LLC's holdings in PepsiCo were worth $231,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. TAGStone Capital Inc. increased its holdings in shares of PepsiCo by 2.8% in the fourth quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock worth $388,000 after purchasing an additional 70 shares during the last quarter. Lokken Investment Group LLC increased its holdings in shares of PepsiCo by 0.9% in the fourth quarter. Lokken Investment Group LLC now owns 7,699 shares of the company's stock worth $1,171,000 after purchasing an additional 70 shares during the last quarter. Legacy Financial Group LLC increased its stake in PepsiCo by 4.9% during the first quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock worth $227,000 after acquiring an additional 71 shares during the last quarter. Atlantic Private Wealth LLC increased its stake in PepsiCo by 37.5% during the fourth quarter. Atlantic Private Wealth LLC now owns 275 shares of the company's stock worth $42,000 after acquiring an additional 75 shares during the last quarter. Finally, Pflug Koory LLC increased its stake in PepsiCo by 1.0% during the first quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock worth $1,162,000 after acquiring an additional 76 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

PEP stock traded down $0.82 during midday trading on Friday, reaching $135.26. The stock had a trading volume of 7,958,581 shares, compared to its average volume of 7,078,854. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 0.83. The firm has a fifty day simple moving average of $131.49 and a two-hundred day simple moving average of $141.58. The stock has a market cap of $185.45 billion, a PE ratio of 19.89, a P/E/G ratio of 4.23 and a beta of 0.45. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The firm had revenue of $17.92 billion during the quarter, compared to analysts' expectations of $17.81 billion. During the same quarter in the previous year, the business earned $1.61 earnings per share. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were paid a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 4.21%. This is a boost from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date was Friday, June 6th. PepsiCo's dividend payout ratio (DPR) is presently 83.68%.

Wall Street Analysts Forecast Growth

PEP has been the topic of several analyst reports. Dbs Bank cut PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Citigroup reduced their price objective on PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. JPMorgan Chase & Co. dropped their target price on PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday. UBS Group dropped their target price on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Bank of America dropped their target price on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research report on Friday. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $158.19.

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.