Fiduciary Alliance LLC Has $5.75 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Fiduciary Alliance LLC lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 30.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,804 shares of the company’s stock after selling 14,912 shares during the period. Fiduciary Alliance LLC’s holdings in PepsiCo were worth $5,748,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Centaurus Financial Inc. increased its stake in PepsiCo by 13.4% in the fourth quarter. Centaurus Financial Inc. now owns 4,913 shares of the company’s stock valued at $834,000 after purchasing an additional 581 shares in the last quarter. Scarborough Advisors LLC acquired a new stake in PepsiCo during the fourth quarter worth approximately $103,000. Northwest Bank & Trust Co acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $78,000. Fortis Group Advisors LLC raised its position in shares of PepsiCo by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock valued at $33,000 after buying an additional 97 shares in the last quarter. Finally, Twin Focus Capital Partners LLC acquired a new position in PepsiCo during the fourth quarter valued at approximately $201,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 0.1 %

PepsiCo stock traded down $0.25 during mid-day trading on Monday, reaching $174.56. 670,140 shares of the company’s stock were exchanged, compared to its average volume of 5,486,029. The company has a market cap of $239.98 billion, a P/E ratio of 25.40, a P/E/G ratio of 3.11 and a beta of 0.53. PepsiCo, Inc. has a twelve month low of $158.03 and a twelve month high of $183.41. The company has a quick ratio of 0.64, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The company has a fifty day moving average of $173.52 and a 200-day moving average of $172.07.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The business had revenue of $23.32 billion for the quarter, compared to analyst estimates of $23.86 billion. During the same period last year, the business earned $2.25 EPS. The company’s revenue was down .6% on a year-over-year basis. Sell-side analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were issued a $1.355 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.10%. PepsiCo’s payout ratio is 78.66%.

Analyst Upgrades and Downgrades

PEP has been the topic of several analyst reports. Royal Bank of Canada reduced their price objective on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research note on Friday, October 4th. Morgan Stanley lowered shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective on the stock. in a report on Friday, September 20th. Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a report on Thursday. DZ Bank downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective for the company. in a research report on Friday, July 19th. Finally, Jefferies Financial Group reduced their price objective on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and an average target price of $183.92.

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.