Trinity Legacy Partners LLC Buys 636 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Trinity Legacy Partners LLC lifted its stake in PepsiCo, Inc. (NASDAQ:PEP – Get Rating) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,177 shares of the company’s stock after purchasing an additional 636 shares during the period. PepsiCo accounts for approximately 2.2% of Trinity Legacy Partners LLC’s holdings, making the stock its 13th largest holding. Trinity Legacy Partners LLC’s holdings in PepsiCo were worth $5,632,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. raised its stake in PepsiCo by 34.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,128,044 shares of the company’s stock worth $188,812,000 after buying an additional 286,169 shares during the period. AMI Investment Management Inc. raised its stake in PepsiCo by 0.7% during the 1st quarter. AMI Investment Management Inc. now owns 16,627 shares of the company’s stock worth $2,783,000 after buying an additional 113 shares during the period. Mather Group LLC. raised its stake in PepsiCo by 29.3% during the 1st quarter. Mather Group LLC. now owns 5,562 shares of the company’s stock worth $931,000 after buying an additional 1,262 shares during the period. Wsfs Capital Management LLC raised its stake in PepsiCo by 117.2% during the 1st quarter. Wsfs Capital Management LLC now owns 2,995 shares of the company’s stock worth $501,000 after buying an additional 1,616 shares during the period. Finally, Equitable Holdings Inc. raised its stake in PepsiCo by 8.5% during the 1st quarter. Equitable Holdings Inc. now owns 26,909 shares of the company’s stock worth $4,504,000 after buying an additional 2,116 shares during the period. 70.76% of the stock is currently owned by institutional investors.

PepsiCo Trading Down 0.8 %

PepsiCo stock opened at $175.13 on Friday. PepsiCo, Inc. has a 52 week low of $154.86 and a 52 week high of $186.84. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.61 and a current ratio of 0.80. The stock has a market capitalization of $241.20 billion, a P/E ratio of 27.32, a PEG ratio of 3.15 and a beta of 0.53. The stock has a 50-day simple moving average of $173.66 and a 200 day simple moving average of $175.78.

PepsiCo (NASDAQ:PEP – Get Rating) last posted its quarterly earnings results on Thursday, February 9th. The company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.03. PepsiCo had a return on equity of 51.34% and a net margin of 10.31%. The business had revenue of $28 billion during the quarter, compared to analysts’ expectations of $26.82 billion. During the same quarter last year, the company posted $1.53 earnings per share. PepsiCo’s quarterly revenue was up 10.9% on a year-over-year basis. Analysts expect that PepsiCo, Inc. will post 7.23 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 3rd will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Thursday, March 2nd. PepsiCo’s dividend payout ratio is presently 71.76%.

Insider Transactions at PepsiCo

In other news, CEO Ramkumar Krishnan sold 16,827 shares of the business’s stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of $172.70, for a total transaction of $2,906,022.90. Following the completion of the sale, the chief executive officer now owns 49,000 shares in the company, valued at $8,462,300. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Robert C. Pohlad sold 75,000 shares of PepsiCo stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $172.47, for a total value of $12,935,250.00. Following the completion of the sale, the director now directly owns 183,929 shares in the company, valued at $31,722,234.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Ramkumar Krishnan sold 16,827 shares of PepsiCo stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $172.70, for a total transaction of $2,906,022.90. Following the completion of the sale, the chief executive officer now owns 49,000 shares of the company’s stock, valued at $8,462,300. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

PEP has been the topic of several recent research reports. Citigroup initiated coverage on PepsiCo in a research note on Thursday, February 16th. They issued a “neutral” rating and a $180.00 price target on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on PepsiCo from $181.00 to $186.00 and gave the company a “hold” rating in a research note on Tuesday, December 6th. Morgan Stanley lifted their price target on PepsiCo from $198.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, February 10th. Barclays dropped their price target on PepsiCo from $197.00 to $187.00 and set an “overweight” rating on the stock in a research note on Monday, February 13th. Finally, Credit Suisse Group lifted their price target on PepsiCo from $175.00 to $182.00 and gave the company a “neutral” rating in a research note on Friday, February 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, PepsiCo presently has an average rating of “Moderate Buy” and an average price target of $184.08.

PepsiCo Company Profile

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PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of beverages, food, and snacks. It operates through the following business segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), PepsiCo Beverages North America (PBNA), Latin America (LatAm), Europe, Africa, Middle East, and South Asia (AMESA), and Asia Pacific, Australia and New Zealand, and China Region (APAC).