KMG Fiduciary Partners LLC Has $3.88 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

KMG Fiduciary Partners LLC lifted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 1.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,842 shares of the company’s stock after acquiring 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 reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tallon Kerry Patrick bought a new position in PepsiCo in the fourth quarter worth $224,000. Brighton Jones LLC lifted its position in PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after purchasing an additional 6,574 shares during the period. Union Bancaire Privee UBP SA bought a new position in PepsiCo in the fourth quarter worth $9,268,000. Silver Oak Securities Incorporated lifted its position in PepsiCo by 28.5% in the fourth quarter. Silver Oak Securities Incorporated now owns 3,160 shares of the company’s stock worth $479,000 after purchasing an additional 700 shares during the period. Finally, Consolidated Portfolio Review Corp bought a new position in PepsiCo in the fourth quarter worth $455,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

PEP has been the subject of several research reports. Barclays reduced their target price on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating for the company in a research report on Monday, April 28th. JPMorgan Chase & Co. lifted their price objective on PepsiCo from $158.00 to $159.00 and gave the company a “neutral” rating in a report on Monday, April 21st. Morgan Stanley cut their price objective on PepsiCo from $168.00 to $153.00 and set an “equal weight” rating for the company in a report on Friday, April 25th. Citigroup cut their price objective on PepsiCo from $170.00 to $160.00 and set a “buy” rating for the company in a report on Friday, April 25th. Finally, Jefferies Financial Group cut PepsiCo from a “buy” rating to a “hold” rating and cut their price objective for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $160.69.

PepsiCo Trading Down 0.8%

NASDAQ PEP opened at $130.03 on Friday. The stock has a market capitalization of $178.28 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 3.09 and a beta of 0.45. The stock’s 50 day moving average price is $136.15 and its two-hundred day moving average price is $146.16. 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, Inc. has a 52 week low of $127.75 and a 52 week high of $180.91.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share (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 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 prior year, the company earned $1.61 EPS. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. As a group, analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

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

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.