Fairvoy Private Wealth LLC Reduces Stake in PepsiCo, Inc. (NASDAQ:PEP)

Fairvoy Private Wealth LLC decreased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 10.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 3,944 shares of the company’s stock after selling 463 shares during the period. Fairvoy Private Wealth LLC’s holdings in PepsiCo were worth $591,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PEP. WealthTrak Capital Management LLC purchased a new stake in PepsiCo during the 4th quarter worth about $28,000. Creative Capital Management Investments LLC purchased a new stake in PepsiCo during the 4th quarter worth about $30,000. Prudent Man Investment Management Inc. purchased a new stake in PepsiCo during the 4th quarter worth about $30,000. Measured Risk Portfolios Inc. bought a new position in PepsiCo in the 4th quarter worth about $31,000. Finally, Summit Securities Group LLC bought a new position in PepsiCo in the 4th quarter worth about $33,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $130.85 on Friday. The business’s 50-day moving average price is $134.63 and its 200-day moving average price is $145.08. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 12 month low of $127.75 and a 12 month high of $180.91. The firm has a market capitalization of $179.41 billion, a PE ratio of 18.83, a price-to-earnings-growth ratio of 3.09 and a beta of 0.45.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the previous year, the business earned $1.61 earnings per share. PepsiCo’s revenue was down 1.8% compared to the same quarter last year. Sell-side 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. Investors of record on Friday, June 6th will be given a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 4.35%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. PepsiCo’s dividend payout ratio (DPR) is presently 83.68%.

Analysts Set New Price Targets

PEP has been the topic of a number of research analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a $163.00 target price on shares of PepsiCo in a research note on Tuesday, April 22nd. Citigroup decreased their target price on PepsiCo from $170.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Bank of America decreased their target price on PepsiCo from $155.00 to $150.00 and set a “neutral” rating on the stock in a research note on Friday, April 25th. Jefferies Financial Group lowered PepsiCo from a “buy” rating to a “hold” rating and decreased their target price for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. Finally, Dbs Bank lowered PepsiCo from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 9th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $160.69.

PepsiCo Company 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.