Buckley Wealth Management LLC Sells 126 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Buckley Wealth Management LLC decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,972 shares of the company’s stock after selling 126 shares during the quarter. Buckley Wealth Management LLC’s holdings in PepsiCo were worth $1,045,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Cerity Partners LLC boosted its holdings in shares of PepsiCo by 59.4% in the fourth quarter. Cerity Partners LLC now owns 993,567 shares of the company’s stock valued at $168,747,000 after purchasing an additional 370,122 shares during the period. Harbour Capital Advisors LLC boosted its holdings in shares of PepsiCo by 0.4% in the fourth quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock valued at $4,747,000 after purchasing an additional 102 shares during the period. Meadow Creek Wealth Advisors LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at approximately $405,000. Householder Group Estate & Retirement Specialist LLC boosted its holdings in shares of PepsiCo by 34.5% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 12,317 shares of the company’s stock valued at $2,091,000 after purchasing an additional 3,159 shares during the period. Finally, Marion Wealth Management boosted its holdings in shares of PepsiCo by 31.7% in the fourth quarter. Marion Wealth Management now owns 7,888 shares of the company’s stock valued at $1,340,000 after purchasing an additional 1,900 shares during the period. Institutional investors own 73.07% of the company’s stock.

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 transaction of $1,000,360.00. Following the completion of the transaction, the chief executive officer now owns 53,953 shares in the company, valued at approximately $9,603,634. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.15% of the company’s stock.

PepsiCo Stock Performance

PEP stock traded down $1.27 during midday trading on Friday, reaching $164.99. The stock had a trading volume of 2,184,055 shares, compared to its average volume of 5,465,208. The stock has a market cap of $226.83 billion, a PE ratio of 24.97, a P/E/G ratio of 2.74 and a beta of 0.52. 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 fifty day simple moving average of $173.68 and a two-hundred day simple moving average of $170.35. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $192.38.

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

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a dividend of $1.355 per share. 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 3.29%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio (DPR) is presently 81.50%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price target on PepsiCo from $181.00 to $184.00 and gave the company a “neutral” rating in a report on Wednesday. Wedbush restated an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a report on Tuesday, April 23rd. BNP Paribas began coverage on PepsiCo in a report on Monday. They set a “neutral” rating and a $174.00 target price for the company. Argus lowered PepsiCo from a “buy” rating to a “hold” rating in a 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 report on Wednesday, June 12th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, PepsiCo has a consensus rating of “Hold” and an average target price of $186.38.

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.