Schear Investment Advisers LLC Trims Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Schear Investment Advisers LLC lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,082 shares of the company’s stock after selling 199 shares during the period. Schear Investment Advisers LLC’s holdings in PepsiCo were worth $621,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. L. Roy Papp & Associates LLP increased its position in shares of PepsiCo by 0.3% during the fourth quarter. L. Roy Papp & Associates LLP now owns 46,196 shares of the company’s stock valued at $7,025,000 after buying an additional 135 shares during the period. Leavell Investment Management Inc. increased its holdings in PepsiCo by 0.3% during the 4th quarter. Leavell Investment Management Inc. now owns 27,844 shares of the company’s stock worth $4,271,000 after acquiring an additional 71 shares during the period. Portfolio Design Labs LLC lifted its stake in PepsiCo by 28.4% in the 4th quarter. Portfolio Design Labs LLC now owns 23,308 shares of the company’s stock worth $3,544,000 after purchasing an additional 5,152 shares in the last quarter. Augustine Asset Management Inc. boosted its holdings in PepsiCo by 1.4% in the 4th quarter. Augustine Asset Management Inc. now owns 8,423 shares of the company’s stock valued at $1,281,000 after purchasing an additional 114 shares during the period. Finally, Community Bank & Trust Waco Texas grew its position in shares of PepsiCo by 1.9% during the 4th quarter. Community Bank & Trust Waco Texas now owns 44,794 shares of the company’s stock valued at $6,811,000 after purchasing an additional 828 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Up 0.9 %

Shares of NASDAQ PEP opened at $145.64 on Wednesday. The firm’s fifty day moving average is $151.05 and its 200 day moving average is $163.87. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The company has a quick ratio of 0.70, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The company has a market cap of $199.75 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 2.89 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.94 by $0.02. The firm had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.78 earnings per share. On average, equities research analysts expect that PepsiCo, Inc. will post 8.34 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date is Friday, March 7th. PepsiCo’s payout ratio is 77.99%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. UBS Group dropped their price objective on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Evercore ISI cut their price objective on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Barclays lowered their target price on shares of PepsiCo from $158.00 to $153.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Royal Bank of Canada assumed coverage on shares of PepsiCo in a research note on Tuesday, February 4th. They issued a $172.00 price target for the company. Finally, Citigroup lowered their price objective on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $171.47.

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.