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

Signature Estate & Investment Advisors LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 6.4% during the second quarter, Holdings Channel reports. The fund owned 1,989 shares of the company’s stock after acquiring an additional 119 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in PepsiCo were worth $331,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of research firms have weighed in on PEP. Barclays cut their price target on shares of PepsiCo from $187.00 to $183.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 6th. UBS Group cut their price target on shares of PepsiCo from $190.00 to $182.00 and set a “buy” rating on the stock in a research note on Tuesday, June 21st. Wells Fargo & Company cut their price target on shares of PepsiCo from $175.00 to $172.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 21st. Deutsche Bank Aktiengesellschaft raised their target price on shares of PepsiCo from $175.00 to $178.00 and gave the company a “hold” rating in a research note on Thursday, July 7th. Finally, Credit Suisse Group raised their target price on shares of PepsiCo from $168.00 to $170.00 and gave the company a “neutral” rating in a research note on Wednesday, July 13th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, PepsiCo presently has a consensus rating of “Moderate Buy” and a consensus target price of $182.00.

PepsiCo Price Performance

PEP opened at $168.60 on Friday. The company has a fifty day simple moving average of $173.32 and a 200 day simple moving average of $170.45. The firm has a market cap 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, Inc. has a twelve month low of $149.48 and a twelve month high of $181.07. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.78.

PepsiCo (NASDAQ:PEPGet Rating) last released its quarterly earnings results on Tuesday, July 12th. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.13. The business had revenue of $20.23 billion during the quarter, compared to analyst estimates of $19.51 billion. PepsiCo had a net margin of 11.28% and a return on equity of 52.01%. The business’s revenue was up 5.2% on a year-over-year basis. During the same period last year, the business earned $1.72 EPS. Equities research analysts expect that PepsiCo, Inc. will post 6.66 EPS for the current fiscal 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. This represents a $4.60 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Thursday, September 1st. PepsiCo’s payout ratio is 69.28%.

Insider Activity at PepsiCo

In other PepsiCo news, CEO Steven C. Williams sold 1,753 shares of the firm’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $171.18, for a total transaction of $300,078.54. Following the completion of the transaction, the chief executive officer now directly owns 70,892 shares of the company’s stock, valued at approximately $12,135,292.56. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other PepsiCo news, CEO Ramkumar Krishnan sold 3,433 shares of the firm’s stock in a transaction on 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 approximately $8,842,376.91. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Steven C. Williams sold 1,753 shares of the firm’s stock in a transaction on Friday, July 15th. The stock was 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 of the company’s stock, valued at $12,135,292.56. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

PepsiCo Profile

(Get Rating)

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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