PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by FCG Investment Co

FCG Investment Co boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 39.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,650 shares of the company’s stock after acquiring an additional 1,589 shares during the quarter. FCG Investment Co’s holdings in PepsiCo were worth $989,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA lifted its stake in shares of PepsiCo by 80.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after purchasing an additional 70 shares in the last quarter. Fortis Group Advisors LLC lifted its stake in shares of PepsiCo by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after purchasing an additional 97 shares in the last quarter. Life Planning Partners Inc acquired a new position in shares of PepsiCo during the fourth quarter worth about $34,000. Kathleen S. Wright Associates Inc. acquired a new position in shares of PepsiCo in the first quarter worth about $35,000. Finally, Naples Money Management LLC acquired a new position in shares of PepsiCo in the fourth quarter worth about $36,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

PEP opened at $162.60 on Friday. The company has a market capitalization of $223.54 billion, a price-to-earnings ratio of 24.45, a price-to-earnings-growth 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. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $192.38. The business has a 50 day moving average price of $172.37 and a two-hundred day moving average price of $170.13.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The company had revenue of $18.25 billion during the quarter, compared to the consensus estimate of $18.08 billion. During the same quarter in the prior year, the firm earned $1.50 EPS. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. Research analysts predict that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend was Friday, June 7th. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio is 81.50%.

Analyst Ratings Changes

Several research analysts recently commented on the company. TD Cowen cut their price target on PepsiCo from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. boosted their price target on PepsiCo from $181.00 to $184.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 26th. Morgan Stanley upgraded 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. BNP Paribas started coverage on PepsiCo in a research note on Monday, June 24th. They issued a “neutral” rating and a $174.00 price target on the stock. Finally, Argus lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, PepsiCo presently has an average rating of “Moderate Buy” and a consensus price target of $186.64.

Insider Buying and Selling at PepsiCo

In other news, CEO Ramkumar Krishnan sold 5,620 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $178.00, for a total value of $1,000,360.00. Following the transaction, the chief executive officer now directly owns 53,953 shares of the company’s stock, valued at $9,603,634. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.14% of the company’s stock.

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.