Financial Management Professionals Inc. Has $214,000 Position in Pepsico, Inc. (PEP)

Financial Management Professionals Inc. held its stake in shares of Pepsico, Inc. (NYSE:PEP) during the first quarter, Holdings Channel reports. The fund owned 1,920 shares of the company’s stock at the end of the first quarter. Financial Management Professionals Inc.’s holdings in Pepsico were worth $214,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of PEP. Asset Planning Services Ltd. boosted its stake in shares of Pepsico by 66.1% in the first quarter. Asset Planning Services Ltd. now owns 1,003 shares of the company’s stock valued at $112,000 after buying an additional 399 shares during the period. Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of Pepsico during the fourth quarter valued at $125,000. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in shares of Pepsico by 11,898.4% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 146,861 shares of the company’s stock valued at $147,000 after buying an additional 145,637 shares during the period. Israel Discount Bank of New York GFN purchased a new stake in shares of Pepsico during the fourth quarter valued at $150,000. Finally, Leith Wheeler Investment Counsel Ltd. purchased a new stake in shares of Pepsico during the first quarter valued at $157,000. 71.25% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Pepsico (NYSE:PEP)

Pepsico, Inc. (PEP) opened at 116.86 on Friday. The stock has a market capitalization of $166.93 billion, a price-to-earnings ratio of 25.18 and a beta of 0.68. Pepsico, Inc. has a 12 month low of $98.50 and a 12 month high of $118.12. The stock’s 50 day moving average is $115.12 and its 200-day moving average is $109.40.

Pepsico (NYSE:PEP) last posted its quarterly earnings results on Wednesday, April 26th. The company reported $0.94 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.03. The business had revenue of $12.05 billion for the quarter, compared to analyst estimates of $11.98 billion. Pepsico had a return on equity of 58.42% and a net margin of 10.66%. The business’s revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.89 EPS. On average, equities research analysts expect that Pepsico, Inc. will post $5.15 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 2nd will be given a dividend of $0.805 per share. This is a positive change from Pepsico’s previous quarterly dividend of $0.75. This represents a $3.22 annualized dividend and a dividend yield of 2.76%. The ex-dividend date is Wednesday, May 31st. Pepsico’s dividend payout ratio is currently 69.40%.

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PEP has been the topic of several analyst reports. Credit Suisse Group raised their target price on shares of Pepsico from $115.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, March 23rd. BMO Capital Markets reaffirmed a “buy” rating and issued a $115.00 target price on shares of Pepsico in a report on Wednesday, March 22nd. Jefferies Group LLC raised their target price on shares of Pepsico from $120.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, April 19th. Vetr raised shares of Pepsico from a “hold” rating to a “buy” rating and set a $125.54 target price on the stock in a report on Wednesday, April 26th. Finally, Royal Bank Of Canada set a $115.00 target price on shares of Pepsico and gave the company a “hold” rating in a report on Monday, April 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $120.66.

About Pepsico

PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).

Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pepsico, Inc. (NYSE:PEP).

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