PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC grew its holdings in PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 6.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,989 shares of the company’s stock after acquiring an additional 119 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in PepsiCo were worth $331,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SevenBridge Financial Group LLC grew its stake in shares of PepsiCo by 77.7% during the first quarter. SevenBridge Financial Group LLC now owns 35,990 shares of the company’s stock worth $6,024,000 after purchasing an additional 15,740 shares in the last quarter. First American Trust FSB lifted its position in PepsiCo by 9.0% in the first quarter. First American Trust FSB now owns 4,817 shares of the company’s stock valued at $806,000 after acquiring an additional 398 shares during the last quarter. Tiedemann Advisors LLC lifted its position in PepsiCo by 2.8% in the first quarter. Tiedemann Advisors LLC now owns 12,383 shares of the company’s stock valued at $2,072,000 after acquiring an additional 338 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC lifted its position in PepsiCo by 9.3% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 119,347 shares of the company’s stock valued at $20,049,000 after acquiring an additional 10,179 shares during the last quarter. Finally, Osher Van de Voorde Investment Management lifted its position in PepsiCo by 3.1% in the first quarter. Osher Van de Voorde Investment Management now owns 101,725 shares of the company’s stock valued at $17,027,000 after acquiring an additional 3,065 shares during the last quarter. Institutional investors and hedge funds own 71.38% of the company’s stock.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $168.60 on Friday. The company has a 50-day simple moving average of $173.32 and a 200-day simple moving average of $170.45. PepsiCo, Inc. has a one year low of $149.48 and a one year high of $181.07. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.64 and a current ratio of 0.83. The stock has a market capitalization of $232.65 billion, a price-to-earnings ratio of 25.39, a PEG ratio of 3.30 and a beta of 0.55.

PepsiCo (NASDAQ:PEPGet Rating) last posted its quarterly earnings results on Tuesday, July 12th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.13. The firm had revenue of $20.23 billion during the quarter, compared to analysts’ expectations of $19.51 billion. PepsiCo had a net margin of 11.28% and a return on equity of 52.01%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.72 earnings per share. On average, analysts predict that PepsiCo, Inc. will post 6.66 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 2nd will be issued a dividend of $1.15 per share. The ex-dividend date is Thursday, September 1st. This represents a $4.60 annualized dividend and a yield of 2.73%. PepsiCo’s dividend payout ratio is currently 69.28%.

Insider Buying and Selling

In related news, CEO Ramkumar Krishnan sold 3,433 shares of the stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $174.83, for a total transaction of $600,191.39. Following the completion of the transaction, the chief executive officer now directly owns 50,577 shares of the company’s stock, valued at $8,842,376.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other PepsiCo news, CEO Steven C. Williams sold 1,753 shares of the company’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $171.18, for a total transaction of $300,078.54. Following the transaction, the chief executive officer now directly owns 70,892 shares in the company, valued at $12,135,292.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ramkumar Krishnan sold 3,433 shares of the company’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $174.83, for a total transaction of $600,191.39. Following the transaction, the chief executive officer now owns 50,577 shares in the company, valued at $8,842,376.91. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

PEP has been the subject of a number of research reports. UBS Group reduced their price target on shares of PepsiCo from $190.00 to $182.00 and set a “buy” rating for the company in a research report on Tuesday, June 21st. Wells Fargo & Company reduced their price target on shares of PepsiCo from $175.00 to $172.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 21st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of PepsiCo from $175.00 to $178.00 and gave the company a “hold” rating in a research report on Thursday, July 7th. Credit Suisse Group boosted their price target on shares of PepsiCo from $168.00 to $170.00 and gave the company a “neutral” rating in a research report on Wednesday, July 13th. Finally, Barclays reduced their target price on shares of PepsiCo from $187.00 to $183.00 and set an “overweight” rating for the company in a report on Wednesday, July 6th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, PepsiCo presently has an average rating of “Moderate Buy” and an average price target of $182.00.

PepsiCo Profile

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PepsiCo, Inc manufactures, markets, distributes, and sells 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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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