Schnieders Capital Management LLC Grows Position in PepsiCo, Inc. (NASDAQ:PEP)

Share on StockTwits

Schnieders Capital Management LLC increased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,364 shares of the company’s stock after purchasing an additional 434 shares during the period. PepsiCo accounts for 1.9% of Schnieders Capital Management LLC’s investment portfolio, making the stock its 14th biggest position. Schnieders Capital Management LLC’s holdings in PepsiCo were worth $4,768,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Personal Wealth Partners purchased a new stake in shares of PepsiCo in the second quarter valued at $25,000. Evolution Wealth Advisors LLC purchased a new stake in shares of PepsiCo in the second quarter valued at $27,000. Financial Advantage Inc. purchased a new stake in shares of PepsiCo in the second quarter valued at $28,000. 1 North Wealth Services LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at $39,000. Finally, Financial Gravity Companies Inc. purchased a new stake in shares of PepsiCo in the fourth quarter valued at $41,000. 71.83% of the stock is owned by institutional investors and hedge funds.

PEP has been the subject of a number of recent analyst reports. Bank of America lifted their price objective on PepsiCo from $135.00 to $142.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Jefferies Financial Group boosted their price target on PepsiCo from $123.00 to $134.00 and gave the company a “hold” rating in a research report on Wednesday, July 10th. Cowen boosted their price target on PepsiCo from $142.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, July 10th. BMO Capital Markets reissued an “average” rating and set a $128.00 price target on shares of PepsiCo in a research report on Wednesday, July 10th. Finally, Morgan Stanley boosted their price target on PepsiCo from $137.00 to $143.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $129.35.

In other PepsiCo news, CEO Steven C. Williams sold 2,420 shares of the business’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $133.95, for a total transaction of $324,159.00. Following the transaction, the chief executive officer now owns 54,920 shares in the company, valued at $7,356,534. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Kirk Tanner sold 9,573 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $128.15, for a total value of $1,226,779.95. Following the transaction, the chief executive officer now owns 105,350 shares in the company, valued at approximately $13,500,602.50. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.

PEP stock traded down $2.39 during trading on Friday, reaching $130.27. 2,967,271 shares of the stock traded hands, compared to its average volume of 4,382,100. The business’s 50 day moving average price is $130.77 and its 200-day moving average price is $125.75. PepsiCo, Inc. has a 52-week low of $104.53 and a 52-week high of $135.24. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.86 and a quick ratio of 0.66. The firm has a market capitalization of $185.48 billion, a PE ratio of 23.02, a P/E/G ratio of 3.44 and a beta of 0.60.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, July 9th. The company reported $1.54 EPS for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.05. The company had revenue of $16.45 billion for the quarter, compared to analysts’ expectations of $16.44 billion. PepsiCo had a return on equity of 59.50% and a net margin of 19.59%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.61 earnings per share. On average, equities research analysts predict that PepsiCo, Inc. will post 5.51 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be paid a dividend of $0.955 per share. This represents a $3.82 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Thursday, September 5th. PepsiCo’s dividend payout ratio is presently 67.49%.

PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

Featured Article: What are the benefits of a balanced fund?

Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP).

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

Receive News & Ratings for PepsiCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo and related companies with MarketBeat.com's FREE daily email newsletter.