PepsiCo, Inc. (NASDAQ:PEP) Holdings Reduced by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,881 shares of the company’s stock after selling 163 shares during the period. SRS Capital Advisors Inc.’s holdings in PepsiCo were worth $659,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA increased its holdings in shares of PepsiCo by 80.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after purchasing an additional 70 shares during the period. Life Planning Partners Inc acquired a new stake in shares of PepsiCo in the 4th quarter worth approximately $34,000. Naples Money Management LLC bought a new position in shares of PepsiCo in the fourth quarter valued at approximately $36,000. Criterion Capital Advisors LLC bought a new stake in PepsiCo during the fourth quarter worth approximately $39,000. Finally, Avion Wealth lifted its position in PepsiCo by 61.7% in the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock worth $41,000 after purchasing an additional 92 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PEP. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Deutsche Bank Aktiengesellschaft raised their price objective on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. JPMorgan Chase & Co. boosted their target price on PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Argus lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $180.00 target price on shares of PepsiCo in a research report on Monday, February 12th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $187.42.

PepsiCo Stock Performance

PEP traded up $0.70 on Friday, hitting $176.15. 3,491,857 shares of the stock traded hands, compared to its average volume of 5,741,471. The business has a fifty day moving average price of $170.01 and a two-hundred day moving average price of $168.26. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $196.88. The firm has a market capitalization of $242.17 billion, a PE ratio of 26.49, a P/E/G ratio of 2.86 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. The business had revenue of $18.25 billion during the quarter, compared to analyst estimates of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. PepsiCo’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.50 earnings per share. On average, research analysts predict that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a $1.355 dividend. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend is Friday, June 7th. This represents a $5.42 annualized dividend and a yield of 3.08%. PepsiCo’s payout ratio is currently 76.09%.

About PepsiCo

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.