Fiera Capital Corp Has $533.15 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Fiera Capital Corp increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,506,171 shares of the company’s stock after acquiring an additional 141,719 shares during the period. PepsiCo comprises 1.7% of Fiera Capital Corp’s holdings, making the stock its 16th largest holding. Fiera Capital Corp owned approximately 0.26% of PepsiCo worth $533,148,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Highline Wealth Partners LLC bought a new position in shares of PepsiCo in the 3rd quarter valued at $28,000. Collier Financial acquired a new stake in PepsiCo in the fourth quarter valued at about $28,000. Legacy Investment Solutions LLC bought a new position in PepsiCo in the third quarter valued at about $31,000. Rakuten Securities Inc. raised its stake in PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after acquiring an additional 96 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC acquired a new stake in shares of PepsiCo in the 4th quarter valued at approximately $34,000. 73.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

PEP has been the subject of a number of research analyst reports. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Barclays lowered their price target on shares of PepsiCo from $158.00 to $153.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. BNP Paribas cut their price objective on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft dropped their target price on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Finally, HSBC reduced their price target on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $171.47.

PepsiCo Trading Down 1.1 %

NASDAQ:PEP opened at $143.99 on Thursday. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The firm’s fifty day moving average is $150.73 and its 200-day moving average is $163.68. The firm has a market cap of $197.48 billion, a P/E ratio of 20.72, a P/E/G ratio of 2.89 and a beta of 0.54. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.70 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 58.87% and a net margin of 10.43%. The business’s revenue was down .2% compared to the same quarter last year. During the same period last year, the business posted $1.78 EPS. Equities analysts expect that PepsiCo, Inc. will post 8.34 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

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.