KMG Fiduciary Partners LLC lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 6.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,564 shares of the company’s stock after selling 1,771 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in PepsiCo were worth $3,887,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the stock. Global Wealth Strategies & Associates boosted its position in PepsiCo by 59.0% in the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after buying an additional 59 shares during the last quarter. Highline Wealth Partners LLC purchased a new stake in PepsiCo in the third quarter valued at approximately $28,000. Legacy Investment Solutions LLC purchased a new stake in PepsiCo in the third quarter valued at approximately $31,000. Rakuten Securities Inc. boosted its position in PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after buying an additional 96 shares during the last quarter. Finally, Mattson Financial Services LLC purchased a new stake in PepsiCo in the second quarter valued at approximately $34,000. Institutional investors and hedge funds own 73.07% of the company’s stock.
Wall Street Analyst Weigh In
PEP has been the topic of several recent research reports. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. lowered their price objective on PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft upgraded PepsiCo from a “hold” rating to a “buy” rating and upped their price objective for the stock from $179.00 to $184.00 in a research report on Thursday, December 12th. Morgan Stanley lowered PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective on the stock. in a research report on Friday, September 20th. Finally, Bank of America lowered their price objective on PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and a consensus target price of $180.27.
PepsiCo Stock Up 1.2 %
Shares of PEP opened at $146.58 on Friday. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The company has a market capitalization of $201.11 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 2.57 and a beta of 0.54. The stock has a fifty day simple moving average of $156.06 and a two-hundred day simple moving average of $166.05. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96.
PepsiCo Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date was Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is presently 79.94%.
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.
Further Reading
- Five stocks we like better than PepsiCo
- Differences Between Momentum Investing and Long Term Investing
- Top Growth Picks: 3 Low-Cost Stocks That Could Double in Value
- How to trade using analyst ratings
- Is Johnson & Johnson Stock Set to Reward Long-Term Holders?
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- Buffett’s Sale of BAC Stock: A Smart Move or Missed Opportunity?
Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP – Free Report).
Receive News & Ratings for PepsiCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo and related companies with MarketBeat.com's FREE daily email newsletter.