Buckhead Capital Management LLC Has $5.72 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Buckhead Capital Management LLC lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,701 shares of the company’s stock after acquiring an additional 1,288 shares during the quarter. PepsiCo accounts for 2.1% of Buckhead Capital Management LLC’s portfolio, making the stock its 10th largest holding. Buckhead Capital Management LLC’s holdings in PepsiCo were worth $5,724,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. LFA Lugano Financial Advisors SA raised its holdings in PepsiCo by 80.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after buying an additional 70 shares in the last quarter. Life Planning Partners Inc acquired a new stake in shares of PepsiCo in the fourth quarter valued at about $34,000. Naples Money Management LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at about $36,000. Criterion Capital Advisors LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at about $39,000. Finally, Avion Wealth grew its position in shares of PepsiCo by 61.7% in the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after purchasing an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 0.4 %

PEP stock traded down $0.76 during mid-day trading on Wednesday, reaching $175.15. 4,225,173 shares of the stock traded hands, compared to its average volume of 5,788,033. The business has a 50-day moving average price of $169.74 and a two-hundred day moving average price of $168.16. 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 stock has a market capitalization of $240.79 billion, a PE ratio of 26.33, a PEG ratio of 2.87 and a beta of 0.53. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $196.88.

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 the consensus estimate of $1.52 by $0.09. The company had revenue of $18.25 billion for the quarter, compared to analysts’ expectations of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.50 EPS. Equities research analysts expect 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 paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.09%. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio (DPR) is currently 76.09%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. 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 report on Monday, March 18th. JPMorgan Chase & Co. lifted their target price on shares of PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Wedbush reissued an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a report on Tuesday, April 23rd. Finally, Jefferies Financial Group boosted their price target on shares of PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a report on Friday, April 5th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $187.42.

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.