Fiduciary Family Office LLC Acquires New Position in PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• Fiduciary Family Office LLC has invested approximately $1.16 million in PepsiCo, Inc. by acquiring 7,755 shares in the 1st quarter.
• PepsiCo reported earnings per share (EPS) of $2.12 for the latest quarter, exceeding estimates, with revenues also surpassing expectations at $22.73 billion.
• PepsiCo has declared a quarterly dividend of $1.4225 per share, with a yield of 3.9%, despite a dividend payout ratio of 103.64%.

Fiduciary Family Office LLC purchased a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,755 shares of the company's stock, valued at approximately $1,163,000.

Several other large investors have also modified their holdings of the stock. Elite Financial Inc. bought a new position in PepsiCo in the first quarter worth about $28,000. Measured Risk Portfolios Inc. bought a new position in PepsiCo in the fourth quarter worth about $31,000. GKV Capital Management Co. Inc. bought a new stake in shares of PepsiCo during the fourth quarter valued at approximately $38,000. Bridge Generations Wealth Management LLC bought a new stake in shares of PepsiCo during the fourth quarter valued at approximately $38,000. Finally, Sunbeam Capital Management LLC bought a new stake in shares of PepsiCo during the fourth quarter valued at approximately $47,000. Institutional investors own 73.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $148.00 price target on shares of PepsiCo in a report on Tuesday, June 24th. Barclays raised their price objective on shares of PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Wells Fargo & Company raised their price objective on shares of PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Morgan Stanley raised their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $158.73.

PepsiCo Stock Performance

PepsiCo stock traded down $0.34 on Monday, reaching $144.87. 5,772,177 shares of the stock were exchanged, compared to its average volume of 9,407,565. The stock has a market cap of $198.34 billion, a PE ratio of 26.39, a PEG ratio of 3.87 and a beta of 0.45. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $179.73. The firm has a fifty day moving average price of $135.98 and a two-hundred day moving average price of $140.57.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. During the same quarter in the previous year, the firm posted $2.28 EPS. The business's revenue was up 1.0% compared to the same quarter last year. Sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's dividend payout ratio is currently 103.64%.

About PepsiCo

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.