Fidelity D & D Bancorp Inc. Reduces Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Fidelity D & D Bancorp Inc. decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 2,491 shares of the company’s stock after selling 130 shares during the period. Fidelity D & D Bancorp Inc.’s holdings in PepsiCo were worth $436,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Cerity Partners LLC boosted its position in PepsiCo by 59.4% in the fourth quarter. Cerity Partners LLC now owns 993,567 shares of the company’s stock valued at $168,747,000 after buying an additional 370,122 shares during the last quarter. Harbour Capital Advisors LLC boosted its position in PepsiCo by 0.4% in the fourth quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock valued at $4,747,000 after buying an additional 102 shares during the last quarter. Meadow Creek Wealth Advisors LLC purchased a new stake in PepsiCo in the 4th quarter worth approximately $405,000. Householder Group Estate & Retirement Specialist LLC boosted its position in PepsiCo by 34.5% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 12,317 shares of the company’s stock worth $2,091,000 after purchasing an additional 3,159 shares in the last quarter. Finally, Marion Wealth Management boosted its position in PepsiCo by 31.7% in the 4th quarter. Marion Wealth Management now owns 7,888 shares of the company’s stock worth $1,340,000 after purchasing an additional 1,900 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

NASDAQ PEP traded down $1.33 during mid-day trading on Friday, hitting $164.93. The stock had a trading volume of 8,756,033 shares, compared to its average volume of 5,392,291. The firm’s 50 day moving average is $173.37 and its 200 day moving average is $170.30. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $192.38. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. The stock has a market capitalization of $226.74 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 2.73 and a beta of 0.52.

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

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were issued a dividend of $1.355 per share. The ex-dividend date was Friday, June 7th. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.29%. PepsiCo’s dividend payout ratio is currently 81.50%.

Analyst Ratings Changes

Several equities research analysts have commented on PEP shares. Argus lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Barclays lowered their price objective on PepsiCo from $185.00 to $180.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 12th. Wedbush restated an “outperform” rating and issued a $195.00 price objective on shares of PepsiCo in a research report on Tuesday, April 23rd. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price for the company in a research note on Monday, March 18th. Finally, JPMorgan Chase & Co. upped their target price on PepsiCo from $181.00 to $184.00 and gave the stock a “neutral” rating in a research note on Wednesday. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $186.38.

Insider Transactions at PepsiCo

In related news, CEO Ramkumar Krishnan sold 5,620 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the completion of the transaction, the chief executive officer now directly owns 53,953 shares in the company, valued at approximately $9,603,634. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.15% of the company’s stock.

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.