PepsiCo, Inc. (NASDAQ:PEP) Stock Position Boosted by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC boosted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 1.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,842 shares of the company’s stock after buying an additional 278 shares during the period. KMG Fiduciary Partners LLC’s holdings in PepsiCo were worth $3,875,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PEP. WealthTrak Capital Management LLC bought a new position in shares of PepsiCo during the 4th quarter valued at about $28,000. Collier Financial bought a new position in shares of PepsiCo during the 4th quarter valued at about $28,000. Creative Capital Management Investments LLC bought a new position in shares of PepsiCo during the 4th quarter valued at about $30,000. Prudent Man Investment Management Inc. bought a new position in shares of PepsiCo during the 4th quarter valued at about $30,000. Finally, Measured Risk Portfolios Inc. bought a new position in shares of PepsiCo during the 4th quarter valued at about $31,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 0.8%

NASDAQ:PEP opened at $130.03 on Friday. The stock’s 50 day moving average price is $136.15 and its 200 day moving average price is $146.16. PepsiCo, Inc. has a 52 week low of $127.75 and a 52 week high of $180.91. The company has a market capitalization of $178.28 billion, a P/E ratio of 18.71, a P/E/G ratio of 3.09 and a beta of 0.45. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the prior year, the company posted $1.61 EPS. The company’s quarterly revenue was down 1.8% on a year-over-year basis. On average, research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 4.38%. The ex-dividend date is Friday, June 6th. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s dividend payout ratio (DPR) is 83.68%.

Analyst Upgrades and Downgrades

PEP has been the subject of a number of analyst reports. Evercore ISI set a $140.00 price objective on shares of PepsiCo in a research note on Thursday, April 24th. Bank of America reduced their price objective on shares of PepsiCo from $155.00 to $150.00 and set a “neutral” rating for the company in a research note on Friday, April 25th. Citigroup reduced their price objective on shares of PepsiCo from $170.00 to $160.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Barclays reduced their price objective on shares of PepsiCo from $143.00 to $135.00 and set an “equal weight” rating for the company in a research note on Monday, April 28th. Finally, JPMorgan Chase & Co. increased their price target on shares of PepsiCo from $158.00 to $159.00 and gave the stock a “neutral” rating in a research report on Monday, April 21st. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $160.69.

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.