Trinity Financial Advisors LLC Raises Stake in PepsiCo, Inc. (NASDAQ:PEP)

Trinity Financial Advisors LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 34.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,523 shares of the company’s stock after acquiring an additional 898 shares during the quarter. Trinity Financial Advisors LLC’s holdings in PepsiCo were worth $528,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. WealthTrak Capital Management LLC acquired a new position in shares of PepsiCo in the 4th quarter valued at $28,000. Collier Financial acquired a new stake in shares of PepsiCo during the fourth quarter valued at about $28,000. Creative Capital Management Investments LLC purchased a new position in shares of PepsiCo during the fourth quarter worth $30,000. Prudent Man Investment Management Inc. acquired a new stake in shares of PepsiCo in the fourth quarter valued at $30,000. Finally, Measured Risk Portfolios Inc. acquired a new position in PepsiCo during the 4th quarter worth about $31,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 1.4%

Shares of NASDAQ PEP opened at $131.83 on Wednesday. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. PepsiCo, Inc. has a 1 year low of $127.75 and a 1 year high of $180.91. The company has a market capitalization of $180.75 billion, a price-to-earnings ratio of 18.97, a price-to-earnings-growth ratio of 3.09 and a beta of 0.45. The business has a 50-day moving average of $135.37 and a two-hundred day moving average of $145.74.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $17.92 billion during the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter in the prior year, the company earned $1.61 earnings per share. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. On average, analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share 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 paid a dividend of $1.4225 per share. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a yield of 4.32%. The ex-dividend date is Friday, June 6th. PepsiCo’s dividend payout ratio (DPR) is currently 83.68%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $163.00 price objective on shares of PepsiCo in a research note on Tuesday, April 22nd. Citigroup reduced their target price on shares of PepsiCo from $170.00 to $160.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Barclays dropped their price target 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. Jefferies Financial Group cut PepsiCo from a “buy” rating to a “hold” rating and reduced their price objective for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. Finally, Evercore ISI set a $140.00 target price on PepsiCo in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus 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.