Regal Investment Advisors LLC Sells 17,813 Shares of PepsiCo, Inc. (PEP)

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Regal Investment Advisors LLC trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 67.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,785 shares of the company’s stock after selling 17,813 shares during the period. Regal Investment Advisors LLC’s holdings in PepsiCo were worth $956,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in PEP. HC Financial Advisors Inc. purchased a new position in shares of PepsiCo during the fourth quarter worth approximately $1,040,000. Buckley Wealth Management LLC grew its position in shares of PepsiCo by 11.0% during the first quarter. Buckley Wealth Management LLC now owns 6,496 shares of the company’s stock worth $709,000 after acquiring an additional 646 shares during the last quarter. Connecticut Wealth Management LLC purchased a new position in shares of PepsiCo during the first quarter worth approximately $274,000. Skba Capital Management LLC grew its position in shares of PepsiCo by 1.0% during the first quarter. Skba Capital Management LLC now owns 121,590 shares of the company’s stock worth $13,272,000 after acquiring an additional 1,150 shares during the last quarter. Finally, Santa Barbara Asset Management LLC grew its position in shares of PepsiCo by 5.5% during the first quarter. Santa Barbara Asset Management LLC now owns 1,493,986 shares of the company’s stock worth $163,069,000 after acquiring an additional 77,460 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

In other PepsiCo news, CEO Laxman Narasimhan sold 5,500 shares of the firm’s stock in a transaction on Thursday, October 4th. The stock was sold at an average price of $106.79, for a total value of $587,345.00. Following the completion of the sale, the chief executive officer now owns 130,135 shares of the company’s stock, valued at $13,897,116.65. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP David Yawman sold 12,024 shares of the firm’s stock in a transaction on Tuesday, October 16th. The shares were sold at an average price of $106.99, for a total value of $1,286,447.76. Following the completion of the sale, the executive vice president now directly owns 59,133 shares of the company’s stock, valued at approximately $6,326,639.67. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 185,819 shares of company stock valued at $20,406,438. Corporate insiders own 0.27% of the company’s stock.

Shares of NASDAQ PEP opened at $113.77 on Wednesday. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.31 and a quick ratio of 1.15. PepsiCo, Inc. has a 1-year low of $95.94 and a 1-year high of $122.51. The firm has a market cap of $155.91 billion, a P/E ratio of 21.75, a P/E/G ratio of 2.83 and a beta of 0.67.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, October 2nd. The company reported $1.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.02. PepsiCo had a return on equity of 73.27% and a net margin of 7.66%. The firm had revenue of $16.49 billion during the quarter, compared to the consensus estimate of $16.38 billion. During the same period last year, the company earned $1.48 earnings per share. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, sell-side analysts predict that PepsiCo, Inc. will post 5.65 earnings per share for the current fiscal year.

A number of equities analysts have recently issued reports on PEP shares. BMO Capital Markets lowered their target price on shares of PepsiCo from $110.00 to $109.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 3rd. Susquehanna Bancshares lowered their target price on shares of PepsiCo from $136.00 to $135.00 and set a “positive” rating on the stock in a research report on Friday, September 28th. Macquarie lowered shares of PepsiCo from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $122.00 to $107.00 in a research report on Friday, October 5th. Morgan Stanley restated an “overweight” rating on shares of PepsiCo in a research report on Friday, October 5th. Finally, Goldman Sachs Group restated a “sell” rating and set a $108.00 target price on shares of PepsiCo in a research report on Monday, August 20th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $117.89.

About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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