Fairman Group LLC Takes $55,000 Position in PepsiCo, Inc. (NASDAQ:PEP)

Fairman Group LLC purchased a new stake in PepsiCo, Inc. (NASDAQ:PEP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 323 shares of the company’s stock, valued at approximately $55,000.

A number of other institutional investors also recently modified their holdings of PEP. LFA Lugano Financial Advisors SA boosted its stake in 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 buying an additional 70 shares in the last quarter. Fortis Group Advisors LLC boosted its stake in 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 buying an additional 97 shares in the last quarter. Life Planning Partners Inc acquired a new stake in PepsiCo during the fourth quarter worth $34,000. Naples Money Management LLC acquired a new stake in PepsiCo during the fourth quarter worth $36,000. Finally, Criterion Capital Advisors LLC acquired a new stake in PepsiCo during the fourth quarter worth $39,000. Institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

PEP has been the topic of several recent analyst reports. Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a research note on Monday, March 18th. Barclays reduced their target price on shares of PepsiCo from $185.00 to $180.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 12th. Wedbush restated an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a research note on Tuesday, April 23rd. JPMorgan Chase & Co. lifted their price target on PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Finally, Argus cut PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, PepsiCo currently has an average rating of “Moderate Buy” and an average price target of $187.17.

PepsiCo Stock Performance

PEP traded up $0.56 during trading hours on Tuesday, reaching $166.70. The company’s stock had a trading volume of 255,693 shares, compared to its average volume of 5,458,068. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $192.38. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. The firm has a market cap of $229.18 billion, a PE ratio of 24.98, a price-to-earnings-growth ratio of 2.67 and a beta of 0.52. The company’s 50-day moving average is $173.89 and its 200-day moving average is $170.40.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $18.08 billion. During the same quarter last year, the business earned $1.50 earnings per share. PepsiCo’s revenue was up 2.3% on a year-over-year basis. On average, equities analysts forecast that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a $1.355 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.25%. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio (DPR) is presently 81.50%.

Insider Buying and Selling at PepsiCo

In other PepsiCo news, CEO Ramkumar Krishnan sold 5,620 shares of PepsiCo stock in a transaction dated Thursday, May 9th. The stock was 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 owns 53,953 shares in the company, valued at $9,603,634. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.14% of the company’s stock.

PepsiCo Company 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.