Ferguson Wellman Capital Management Inc. Trims Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Ferguson Wellman Capital Management Inc. trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 2.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,246 shares of the company’s stock after selling 910 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in PepsiCo were worth $6,207,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. SevenBridge Financial Group LLC boosted its position in shares of PepsiCo by 77.7% in the 1st 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 boosted its position in shares of PepsiCo by 9.0% in the 1st quarter. First American Trust FSB now owns 4,817 shares of the company’s stock worth $806,000 after purchasing an additional 398 shares in the last quarter. Tiedemann Advisors LLC boosted its position in shares of PepsiCo by 2.8% in the 1st quarter. Tiedemann Advisors LLC now owns 12,383 shares of the company’s stock worth $2,072,000 after purchasing an additional 338 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC boosted its position in shares of PepsiCo by 9.3% in the 1st quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 119,347 shares of the company’s stock worth $20,049,000 after purchasing an additional 10,179 shares in the last quarter. Finally, Osher Van de Voorde Investment Management boosted its position in shares of PepsiCo by 3.1% in the 1st quarter. Osher Van de Voorde Investment Management now owns 101,725 shares of the company’s stock worth $17,027,000 after purchasing an additional 3,065 shares in the last quarter. 71.38% of the stock is owned by institutional investors.

Insider Transactions at PepsiCo

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

Analysts Set New Price Targets

A number of analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price target on PepsiCo from $186.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 6th. Barclays decreased their price objective 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. Wells Fargo & Company decreased their price objective on shares of PepsiCo from $175.00 to $172.00 and set an “equal weight” rating for the company in a report on Tuesday, June 21st. UBS Group decreased their price objective on shares of PepsiCo from $190.00 to $182.00 and set a “buy” rating for the company in a report on Tuesday, June 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of PepsiCo from $175.00 to $178.00 and gave the stock a “hold” rating in a report on Thursday, July 7th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, PepsiCo has an average rating of “Moderate Buy” and a consensus target price of $182.00.

PepsiCo Price Performance

Shares of PEP opened at $168.60 on Friday. The firm has a market cap of $232.65 billion, a PE ratio of 25.39, a P/E/G ratio of 3.30 and a beta of 0.55. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.78. The firm has a fifty day simple moving average of $173.32 and a two-hundred day simple moving average of $170.45. PepsiCo, Inc. has a 1-year low of $149.48 and a 1-year high of $181.07.

PepsiCo (NASDAQ:PEPGet Rating) last posted its quarterly earnings data on Tuesday, July 12th. The company reported $1.86 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 analyst estimates of $19.51 billion. PepsiCo had a return on equity of 52.01% and a net margin of 11.28%. PepsiCo’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.72 EPS. On average, equities analysts anticipate that PepsiCo, Inc. will post 6.66 EPS for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 2nd will be paid a $1.15 dividend. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $4.60 annualized dividend and a dividend yield of 2.73%. 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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