Fairman Group LLC Acquires New Position in PepsiCo, Inc. (NASDAQ:PEP)

Fairman Group LLC acquired a new stake in PepsiCo, Inc. (NASDAQ:PEPFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 323 shares of the company’s stock, valued at approximately $55,000.

A number of other institutional investors have also recently made changes to their positions in PEP. Loomis Sayles & Co. L P lifted its position in shares of PepsiCo by 14.6% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,895 shares of the company’s stock worth $321,000 after buying an additional 242 shares during the last quarter. Financial Engines Advisors L.L.C. raised its position in PepsiCo by 7.5% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 5,485 shares of the company’s stock valued at $929,000 after purchasing an additional 384 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in PepsiCo in the 3rd quarter valued at $18,838,000. Envestnet Asset Management Inc. raised its position in PepsiCo by 15.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,625,948 shares of the company’s stock valued at $444,941,000 after purchasing an additional 358,931 shares during the last quarter. Finally, Sargent Investment Group LLC raised its position in PepsiCo by 6.6% in the 3rd quarter. Sargent Investment Group LLC now owns 8,944 shares of the company’s stock valued at $1,515,000 after purchasing an additional 553 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Insider Buying and Selling

In other PepsiCo news, CEO Ramkumar Krishnan sold 5,620 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the transaction, the chief executive officer now owns 53,953 shares of the company’s stock, valued at approximately $9,603,634. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on PEP. Jefferies Financial Group upped their price target on shares of PepsiCo from $209.00 to $211.00 and gave the company a “buy” rating in a research report on Thursday, May 16th. Wedbush reiterated an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. raised their target price on shares of PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a research note on Monday, March 18th. Finally, Barclays reduced their price objective on shares of PepsiCo from $185.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, June 12th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, PepsiCo has an average rating of “Moderate Buy” and a consensus target price of $187.17.

Check Out Our Latest Analysis on PepsiCo

PepsiCo Trading Up 0.3 %

NASDAQ:PEP traded up $0.56 during trading hours on Tuesday, reaching $166.70. 255,693 shares of the company were exchanged, compared to its average volume of 5,458,068. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $192.38. The firm has a market cap of $229.18 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 2.67 and a beta of 0.52. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. The stock has a 50 day simple moving average of $173.89 and a 200 day simple moving average of $170.40.

PepsiCo (NASDAQ:PEPGet Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The business had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. During the same period in the previous year, the company posted $1.50 EPS. The company’s revenue was up 2.3% compared to the same quarter last year. As a group, analysts predict that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Friday, June 7th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio (DPR) is 81.50%.

PepsiCo Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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