PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Carroll Financial Associates Inc.

Share on StockTwits

Carroll Financial Associates Inc. trimmed its position in PepsiCo, Inc. (NASDAQ:PEP) by 0.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,322 shares of the company’s stock after selling 219 shares during the period. Carroll Financial Associates Inc.’s holdings in PepsiCo were worth $3,471,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cerebellum GP LLC raised its holdings in shares of PepsiCo by 25.0% in the third quarter. Cerebellum GP LLC now owns 3,376 shares of the company’s stock worth $463,000 after buying an additional 676 shares during the last quarter. SevenBridge Financial Group LLC raised its holdings in shares of PepsiCo by 0.3% in the third quarter. SevenBridge Financial Group LLC now owns 31,163 shares of the company’s stock worth $4,272,000 after buying an additional 93 shares during the last quarter. JBJ Investment Partners LLC raised its holdings in shares of PepsiCo by 18.7% in the third quarter. JBJ Investment Partners LLC now owns 3,699 shares of the company’s stock worth $507,000 after buying an additional 584 shares during the last quarter. Ipswich Investment Management Co. Inc. raised its holdings in shares of PepsiCo by 0.6% in the third quarter. Ipswich Investment Management Co. Inc. now owns 26,413 shares of the company’s stock worth $3,621,000 after buying an additional 150 shares during the last quarter. Finally, Alpha Windward LLC raised its holdings in shares of PepsiCo by 107.9% in the third quarter. Alpha Windward LLC now owns 6,128 shares of the company’s stock worth $840,000 after buying an additional 3,180 shares during the last quarter. Institutional investors own 71.46% of the company’s stock.

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

A number of research analysts have issued reports on the stock. SunTrust Banks reaffirmed a “hold” rating and issued a $125.00 price target on shares of PepsiCo in a report on Wednesday, July 10th. Guggenheim set a $130.00 price target on shares of PepsiCo and gave the stock a “hold” rating in a report on Thursday, September 26th. Deutsche Bank raised their price target on shares of PepsiCo from $141.00 to $142.00 and gave the stock a “hold” rating in a report on Tuesday, September 24th. UBS Group raised their price target on shares of PepsiCo from $130.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. Finally, BidaskClub raised shares of PepsiCo from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $135.53.

Shares of PepsiCo stock traded up $0.11 during trading on Wednesday, hitting $137.35. 116,966 shares of the company’s stock were exchanged, compared to its average volume of 4,669,979. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.77 and a current ratio of 0.95. The business has a 50-day simple moving average of $135.67 and a 200-day simple moving average of $130.39. PepsiCo, Inc. has a 52-week low of $104.53 and a 52-week high of $140.45. The stock has a market capitalization of $195.61 billion, a price-to-earnings ratio of 24.28, a PEG ratio of 3.65 and a beta of 0.56.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, October 3rd. The company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.06. PepsiCo had a net margin of 18.78% and a return on equity of 55.00%. The company had revenue of $17.19 billion during the quarter, compared to analysts’ expectations of $16.93 billion. During the same quarter in the previous year, the company earned $1.59 earnings per share. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities analysts anticipate that PepsiCo, Inc. will post 5.5 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were issued a $0.955 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $3.82 dividend on an annualized basis and a yield of 2.78%. PepsiCo’s payout ratio is 67.49%.

About PepsiCo

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.

Further Reading: Outperform Rating

Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP).

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

Receive News & Ratings for PepsiCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo and related companies with MarketBeat.com's FREE daily email newsletter.