Key Client Fiduciary Advisors LLC Sells 67 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Key Client Fiduciary Advisors LLC lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 2.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,651 shares of the company’s stock after selling 67 shares during the quarter. Key Client Fiduciary Advisors LLC’s holdings in PepsiCo were worth $464,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in PEP. Charles Schwab Investment Management Inc. raised its stake in PepsiCo by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 19,001,928 shares of the company’s stock worth $3,227,287,000 after acquiring an additional 578,083 shares in the last quarter. Norges Bank acquired a new stake in shares of PepsiCo during the 4th quarter worth about $2,686,139,000. California Public Employees Retirement System lifted its holdings in PepsiCo by 17.9% during the 4th quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock valued at $1,641,389,000 after purchasing an additional 1,470,064 shares during the last quarter. Franklin Resources Inc. grew its stake in PepsiCo by 17.7% during the fourth quarter. Franklin Resources Inc. now owns 8,954,951 shares of the company’s stock worth $1,520,909,000 after buying an additional 1,345,065 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of PepsiCo by 15.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 8,421,163 shares of the company’s stock valued at $1,430,250,000 after acquiring an additional 1,105,127 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on PEP. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a research note on Monday, March 18th. Jefferies Financial Group upped their target price on shares of PepsiCo from $209.00 to $211.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. BNP Paribas started coverage on shares of PepsiCo in a research note on Monday. They set a “neutral” rating and a $174.00 price target on the stock. Argus cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Finally, Barclays lowered their target price on PepsiCo from $185.00 to $180.00 and set an “overweight” rating for the company in a research note on Wednesday, June 12th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $186.15.

PepsiCo Trading Down 0.4 %

Shares of NASDAQ PEP traded down $0.73 during midday trading on Tuesday, reaching $167.35. 4,220,234 shares of the stock were exchanged, compared to its average volume of 5,507,405. 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 12 month low of $155.83 and a 12 month high of $192.38. The business has a 50-day simple moving average of $173.73 and a two-hundred day simple moving average of $170.37. The company has a market capitalization of $230.07 billion, a price-to-earnings ratio of 25.17, a P/E/G ratio of 2.73 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. The firm had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The company’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.50 earnings per share. As a group, equities research analysts expect that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be issued a dividend of $1.355 per share. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend is Friday, June 7th. PepsiCo’s dividend payout ratio (DPR) is 81.50%.

Insider Buying and Selling at PepsiCo

In related 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 completion of the transaction, the chief executive officer now directly owns 53,953 shares of the company’s stock, valued at approximately $9,603,634. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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.