KMG Fiduciary Partners LLC Sells 2,674 Shares of PepsiCo, Inc. (NASDAQ:PEP)

KMG Fiduciary Partners LLC lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 8.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. 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 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in PEP. Cypress Wealth Services LLC lifted its position in shares of PepsiCo by 2.3% during the 1st quarter. Cypress Wealth Services LLC now owns 2,544 shares of the company’s stock worth $426,000 after purchasing an additional 58 shares during the last quarter. Retirement Planning Co of New England Inc. lifted its position in shares of PepsiCo by 0.9% during the 1st quarter. Retirement Planning Co of New England Inc. now owns 6,605 shares of the company’s stock worth $1,105,000 after purchasing an additional 59 shares during the last quarter. Cullen Capital Management LLC lifted its position in shares of PepsiCo by 0.7% during the 1st quarter. Cullen Capital Management LLC now owns 8,765 shares of the company’s stock worth $1,467,000 after purchasing an additional 60 shares during the last quarter. Guardian Wealth Advisors LLC lifted its position in shares of PepsiCo by 1.5% during the 1st quarter. Guardian Wealth Advisors LLC now owns 4,084 shares of the company’s stock worth $684,000 after purchasing an additional 61 shares during the last quarter. Finally, Titleist Asset Management LTD. lifted its position in shares of PepsiCo by 2.9% during the 1st quarter. Titleist Asset Management LTD. now owns 2,183 shares of the company’s stock worth $365,000 after purchasing an additional 62 shares during the last quarter. Institutional investors own 71.38% of the company’s stock.

PepsiCo Stock Up 0.1 %

NASDAQ PEP opened at $168.60 on Friday. The firm has a market cap 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 one year low of $149.48 and a one year high of $181.07. The stock’s 50 day simple moving average is $173.32 and its 200 day simple moving average is $170.45. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.83 and a quick ratio of 0.64.

PepsiCo (NASDAQ:PEPGet Rating) last released its quarterly earnings results on Tuesday, July 12th. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.13. The business had revenue of $20.23 billion for the quarter, compared to analyst estimates of $19.51 billion. PepsiCo had a return on equity of 52.01% and a net margin of 11.28%. PepsiCo’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.72 EPS. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 6.66 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors 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 dividend on an annualized basis and a yield of 2.73%. PepsiCo’s dividend payout ratio (DPR) is presently 69.28%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on PEP shares. Wells Fargo & Company cut their price objective on PepsiCo from $175.00 to $172.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 21st. Credit Suisse Group upped their price target on PepsiCo from $168.00 to $170.00 and gave the company a “neutral” rating in a report on Wednesday, July 13th. Barclays cut their price target on PepsiCo from $187.00 to $183.00 and set an “overweight” rating for the company in a report on Wednesday, July 6th. Deutsche Bank Aktiengesellschaft upped their price target on PepsiCo from $175.00 to $178.00 and gave the company a “hold” rating in a report on Thursday, July 7th. Finally, UBS Group cut their price target on PepsiCo from $190.00 to $182.00 and set a “buy” rating for the company in a report on Tuesday, June 21st. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $182.00.

Insider Buying and Selling

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

PepsiCo Company Profile

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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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