KMG Fiduciary Partners LLC Has $5 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

KMG Fiduciary Partners LLC lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 8.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 29,983 shares of the company’s stock after selling 2,674 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in PepsiCo were worth $4,997,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Cordant Inc. acquired a new stake in shares of PepsiCo in the 1st quarter valued at about $27,000. Strategic Asset Management LLC raised its stake in shares of PepsiCo by 53.3% in the 1st quarter. Strategic Asset Management LLC now owns 276 shares of the company’s stock valued at $46,000 after purchasing an additional 96 shares during the period. Landmark Wealth Management LLC acquired a new stake in shares of PepsiCo in the 1st quarter valued at about $29,000. Retirement Group LLC raised its stake in shares of PepsiCo by 100.0% in the 1st quarter. Retirement Group LLC now owns 322 shares of the company’s stock valued at $54,000 after purchasing an additional 161 shares during the period. Finally, Lansing Street Advisors acquired a new stake in shares of PepsiCo in the 1st quarter valued at about $58,000. Institutional investors and hedge funds own 71.38% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Steven C. Williams sold 1,753 shares of PepsiCo stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $171.18, for a total value of $300,078.54. Following the completion of the sale, the chief executive officer now directly owns 70,892 shares in the company, valued at $12,135,292.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Steven C. Williams sold 1,753 shares of PepsiCo stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $171.18, for a total value of $300,078.54. Following the completion of the sale, the chief executive officer now directly owns 70,892 shares in the company, valued at $12,135,292.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Ramkumar Krishnan sold 3,433 shares of PepsiCo stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $174.83, for a total transaction of $600,191.39. Following the completion of the sale, the chief executive officer now owns 50,577 shares of the company’s stock, valued at $8,842,376.91. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PEP. JPMorgan Chase & Co. dropped their price target on PepsiCo from $186.00 to $185.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 6th. UBS Group decreased their price objective on PepsiCo from $190.00 to $182.00 and set a “buy” rating for the company in a report on Tuesday, June 21st. Wells Fargo & Company decreased their price objective on PepsiCo from $175.00 to $172.00 and set an “equal weight” rating for the company in a report on Tuesday, June 21st. Credit Suisse Group raised their price objective on PepsiCo from $168.00 to $170.00 and gave the company a “neutral” rating in a report on Wednesday, July 13th. Finally, Barclays decreased their price objective on PepsiCo from $187.00 to $183.00 and set an “overweight” rating for the company in a report on Wednesday, July 6th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, PepsiCo presently has an average rating of “Moderate Buy” and an average price target of $182.00.

PepsiCo Trading Up 0.1 %

Shares of PEP stock opened at $168.60 on Friday. The firm has a 50 day moving average price of $173.32 and a two-hundred day moving average price of $170.45. The company has a quick ratio of 0.64, a current ratio of 0.83 and a debt-to-equity ratio of 1.78. The company has a market capitalization of $232.65 billion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 3.30 and a beta of 0.55. PepsiCo, Inc. has a 12-month low of $149.48 and a 12-month high of $181.07.

PepsiCo (NASDAQ:PEPGet Rating) last issued its quarterly earnings data on Tuesday, July 12th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.13. The firm had revenue of $20.23 billion during the quarter, compared to the consensus estimate of $19.51 billion. PepsiCo had a net margin of 11.28% and a return on equity of 52.01%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the business posted $1.72 earnings per share. As a group, analysts predict that PepsiCo, Inc. will post 6.66 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 2nd will be given a dividend of $1.15 per share. The ex-dividend date is Thursday, September 1st. This represents a $4.60 annualized dividend and a yield of 2.73%. PepsiCo’s dividend payout ratio (DPR) is presently 69.28%.

About PepsiCo

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PepsiCo, Inc manufactures, markets, distributes, and sells 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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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