Dana Investment Advisors Inc. Lowers Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Dana Investment Advisors Inc. cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,137 shares of the company’s stock after selling 695 shares during the quarter. Dana Investment Advisors Inc.’s holdings in PepsiCo were worth $3,651,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Edge Capital Group LLC lifted its position in shares of PepsiCo by 3.9% in the 4th quarter. Edge Capital Group LLC now owns 9,839 shares of the company’s stock worth $1,671,000 after purchasing an additional 373 shares during the period. Fairview Capital Investment Management LLC lifted its position in PepsiCo by 4.2% during the fourth quarter. Fairview Capital Investment Management LLC now owns 3,387 shares of the company’s stock valued at $575,000 after acquiring an additional 135 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in PepsiCo by 106.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 216,291 shares of the company’s stock valued at $36,735,000 after acquiring an additional 111,675 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in shares of PepsiCo by 2.3% during the fourth quarter. Crossmark Global Holdings Inc. now owns 93,556 shares of the company’s stock worth $15,890,000 after purchasing an additional 2,141 shares in the last quarter. Finally, Morningstar Investment Management LLC boosted its position in shares of PepsiCo by 182.0% in the 4th quarter. Morningstar Investment Management LLC now owns 8,952 shares of the company’s stock worth $1,520,000 after purchasing an additional 5,778 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their price target on PepsiCo from $182.00 to $185.00 and gave the stock a “neutral” rating in a research note on Tuesday. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. Bank of America lowered their price objective on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Monday. Royal Bank of Canada cut their target price on PepsiCo from $180.00 to $177.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. Finally, Barclays upped their target price on PepsiCo from $179.00 to $187.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $185.40.

PepsiCo Price Performance

PepsiCo stock opened at $171.38 on Wednesday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.64 and a current ratio of 0.83. The company’s fifty day moving average price is $173.92 and its 200 day moving average price is $172.17. The stock has a market capitalization of $235.61 billion, a P/E ratio of 24.87, a P/E/G ratio of 2.93 and a beta of 0.53. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $183.41.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, July 11th. The company reported $2.28 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.12. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The firm had revenue of $22.50 billion during the quarter, compared to the consensus estimate of $22.59 billion. During the same quarter in the prior year, the firm earned $2.09 EPS. The company’s revenue for the quarter was up .8% on a year-over-year basis. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 8.14 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were given a dividend of $1.355 per share. The ex-dividend date was Friday, September 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.16%. PepsiCo’s payout ratio is 78.66%.

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.