Cornell Pochily Investment Advisors Inc. Sells 243 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Cornell Pochily Investment Advisors Inc. reduced its position in PepsiCo, Inc. (NASDAQ:PEP) by 3.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 6,372 shares of the company’s stock after selling 243 shares during the period. Cornell Pochily Investment Advisors Inc.’s holdings in PepsiCo were worth $1,082,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. grew its position in shares of PepsiCo by 34.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,128,044 shares of the company’s stock valued at $188,812,000 after acquiring an additional 286,169 shares during the period. AMI Investment Management Inc. grew its stake in PepsiCo by 0.7% in the 1st quarter. AMI Investment Management Inc. now owns 16,627 shares of the company’s stock valued at $2,783,000 after acquiring an additional 113 shares during the period. Mather Group LLC. raised its position in PepsiCo by 29.3% during the first quarter. Mather Group LLC. now owns 5,562 shares of the company’s stock worth $931,000 after acquiring an additional 1,262 shares during the period. Wsfs Capital Management LLC grew its position in shares of PepsiCo by 117.2% in the first quarter. Wsfs Capital Management LLC now owns 2,995 shares of the company’s stock valued at $501,000 after purchasing an additional 1,616 shares during the period. Finally, Equitable Holdings Inc. lifted its stake in PepsiCo by 8.5% in the 1st quarter. Equitable Holdings Inc. now owns 26,909 shares of the company’s stock valued at $4,504,000 after buying an additional 2,116 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Wedbush reaffirmed an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a research note on Friday, February 9th. Deutsche Bank Aktiengesellschaft increased their target price on shares of PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research report on Friday, February 9th. Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a research report on Monday, March 18th. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Finally, JPMorgan Chase & Co. downgraded PepsiCo from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $185.00 to $176.00 in a research report on Tuesday, December 19th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, PepsiCo presently has a consensus rating of “Moderate Buy” and an average target price of $187.77.

PepsiCo Trading Up 0.4 %

PepsiCo stock traded up $0.69 during midday trading on Wednesday, reaching $173.42. 1,710,147 shares of the stock traded hands, compared to its average volume of 5,891,141. The company has a 50-day simple moving average of $167.83 and a two-hundred day simple moving average of $167.98. The firm has a market cap of $238.37 billion, a PE ratio of 26.29, a price-to-earnings-growth ratio of 2.70 and a beta of 0.53. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 2.02. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $196.88.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.06. The business had revenue of $27.84 billion during the quarter, compared to analysts’ expectations of $28.40 billion. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business posted $1.67 EPS. Research analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 1st will be issued a $1.265 dividend. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Thursday, February 29th. PepsiCo’s dividend payout ratio is currently 77.02%.

PepsiCo 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.