PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Laurel Wealth Advisors LLC

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Laurel Wealth Advisors LLC increased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,866 shares of the company’s stock after acquiring an additional 290 shares during the quarter. PepsiCo makes up 1.1% of Laurel Wealth Advisors LLC’s portfolio, making the stock its 29th biggest position. Laurel Wealth Advisors LLC’s holdings in PepsiCo were worth $2,867,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Gantzert Investment Co. LLC ADV purchased a new stake in PepsiCo in the 4th quarter worth approximately $2,231,000. Buckingham Capital Management Inc. increased its holdings in PepsiCo by 8.4% in the 4th quarter. Buckingham Capital Management Inc. now owns 35,608 shares of the company’s stock worth $3,934,000 after acquiring an additional 2,755 shares in the last quarter. Securian Asset Management Inc increased its holdings in PepsiCo by 0.6% in the 4th quarter. Securian Asset Management Inc now owns 145,131 shares of the company’s stock worth $16,034,000 after acquiring an additional 886 shares in the last quarter. Yacktman Asset Management LP increased its holdings in PepsiCo by 0.9% in the 4th quarter. Yacktman Asset Management LP now owns 7,691,249 shares of the company’s stock worth $849,729,000 after acquiring an additional 68,176 shares in the last quarter. Finally, BB&T Securities LLC increased its holdings in PepsiCo by 21.2% in the 4th quarter. BB&T Securities LLC now owns 557,255 shares of the company’s stock worth $61,564,000 after acquiring an additional 97,588 shares in the last quarter. Institutional investors and hedge funds own 71.83% of the company’s stock.

Several equities research analysts recently issued reports on the stock. UBS Group increased their target price on shares of PepsiCo from $130.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. ValuEngine lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Jefferies Financial Group increased their target price on shares of PepsiCo from $123.00 to $134.00 and gave the stock a “hold” rating in a report on Wednesday, July 10th. Bank of America increased their price objective on shares of PepsiCo from $135.00 to $142.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Finally, Argus reaffirmed a “buy” rating on shares of PepsiCo in a report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company. PepsiCo has a consensus rating of “Hold” and an average target price of $129.35.

In related news, CEO Steven C. Williams sold 2,420 shares of the firm’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $133.95, for a total value of $324,159.00. Following the completion of the sale, the chief executive officer now directly owns 54,920 shares in the company, valued at $7,356,534. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Kirk Tanner sold 9,573 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $128.15, for a total value of $1,226,779.95. Following the completion of the sale, the chief executive officer now owns 105,350 shares of the company’s stock, valued at $13,500,602.50. The disclosure for this sale can be found here. Company insiders own 0.28% of the company’s stock.

Shares of PEP stock traded up $1.04 on Tuesday, reaching $134.78. The company’s stock had a trading volume of 214,472 shares, compared to its average volume of 4,365,036. The stock’s fifty day simple moving average is $130.66 and its 200-day simple moving average is $126.02. PepsiCo, Inc. has a 1 year low of $104.53 and a 1 year high of $135.24. The company has a current ratio of 0.86, a quick ratio of 0.66 and a debt-to-equity ratio of 1.97. The company has a market capitalization of $182.14 billion, a price-to-earnings ratio of 23.81, a price-to-earnings-growth ratio of 3.38 and a beta of 0.60.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, July 9th. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.05. PepsiCo had a net margin of 19.59% and a return on equity of 59.50%. The firm had revenue of $16.45 billion during the quarter, compared to analyst estimates of $16.44 billion. During the same period last year, the firm posted $1.61 earnings per share. PepsiCo’s revenue for the quarter was up 2.2% compared to the same quarter last year. Equities research analysts forecast that PepsiCo, Inc. will post 5.51 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be issued a $0.955 dividend. This represents a $3.82 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Thursday, September 5th. PepsiCo’s dividend payout ratio (DPR) is presently 67.49%.

PepsiCo Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its 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 Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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