Fulcrum Equity Management Has $238,000 Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Fulcrum Equity Management cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,589 shares of the company’s stock after selling 135 shares during the period. Fulcrum Equity Management’s holdings in PepsiCo were worth $238,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. WealthTrak Capital Management LLC acquired a new stake in PepsiCo in the fourth quarter valued at $28,000. Elite Financial Inc. acquired a new stake in PepsiCo during the 1st quarter worth about $28,000. Prudent Man Investment Management Inc. acquired a new stake in PepsiCo during the 4th quarter worth about $30,000. Measured Risk Portfolios Inc. acquired a new stake in PepsiCo during the 4th quarter worth about $31,000. Finally, Summit Securities Group LLC acquired a new stake in PepsiCo during the 4th quarter worth about $33,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $135.26 on Friday. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $180.91. The stock has a market cap of $185.45 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 4.26 and a beta of 0.45. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 0.83. The firm’s 50-day simple moving average is $131.49 and its 200 day simple moving average is $141.65.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The business had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the previous year, the business posted $1.61 EPS. PepsiCo’s revenue was down 1.8% compared to the same quarter last year. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were paid a $1.4225 dividend. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date was Friday, June 6th. This represents a $5.69 annualized dividend and a yield of 4.21%. PepsiCo’s dividend payout ratio (DPR) is 83.68%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PEP. JPMorgan Chase & Co. decreased their price target on PepsiCo from $150.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday. Evercore ISI set a $140.00 price target on PepsiCo in a report on Thursday, April 24th. Bank of America decreased their price target on PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a report on Friday. Morgan Stanley cut their price objective on shares of PepsiCo from $168.00 to $153.00 and set an “equal weight” rating on the stock in a research report on Friday, April 25th. Finally, Barclays cut their price objective on shares of PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $158.19.

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.