PFG Advisors Boosts Holdings in PepsiCo, Inc. (NASDAQ:PEP)

PFG Advisors boosted its position in PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 1.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,293 shares of the company’s stock after buying an additional 330 shares during the period. PFG Advisors’ holdings in PepsiCo were worth $3,882,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mutual Advisors LLC lifted its holdings in PepsiCo by 12.5% in the fourth quarter. Mutual Advisors LLC now owns 9,203 shares of the company’s stock valued at $1,599,000 after acquiring an additional 1,022 shares during the period. GSA Capital Partners LLP acquired a new stake in PepsiCo in the fourth quarter valued at $311,000. HBK Investments L P acquired a new position in shares of PepsiCo during the 4th quarter worth $1,958,000. Unigestion Holding SA acquired a new position in shares of PepsiCo during the 4th quarter worth $2,202,000. Finally, Banco de Sabadell S.A raised its stake in shares of PepsiCo by 16.6% during the 4th quarter. Banco de Sabadell S.A now owns 11,179 shares of the company’s stock worth $1,946,000 after buying an additional 1,588 shares during the last quarter. 71.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on PEP shares. Wells Fargo & Company cut their price target on PepsiCo from $175.00 to $172.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 21st. UBS Group cut their price target on PepsiCo from $190.00 to $182.00 and set a “buy” rating for the company in a research note on Tuesday, June 21st. Credit Suisse Group lifted their price target on PepsiCo from $168.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 13th. JPMorgan Chase & Co. cut their price target on PepsiCo from $186.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, July 6th. Finally, Barclays cut their target price on shares of PepsiCo from $187.00 to $183.00 and set an “overweight” rating for the company in a research note on Wednesday, July 6th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, PepsiCo has an average rating of “Moderate Buy” and a consensus target price of $182.00.

Insider Buying and Selling at PepsiCo

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

PepsiCo Stock Up 0.1 %

PEP opened at $168.60 on Friday. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.83 and a quick ratio of 0.64. The stock has a market capitalization of $232.65 billion, a price-to-earnings ratio of 25.39, a price-to-earnings-growth ratio of 3.30 and a beta of 0.55. The business has a 50-day moving average of $173.32 and a two-hundred day moving average of $170.45. PepsiCo, Inc. has a 12 month low of $149.48 and a 12 month high of $181.07.

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

PepsiCo Announces Dividend

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

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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