Sunesis Advisors LLC grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 5.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,000 shares of the company’s stock after acquiring an additional 100 shares during the quarter. PepsiCo comprises 0.3% of Sunesis Advisors LLC’s holdings, making the stock its 28th largest position. Sunesis Advisors LLC’s holdings in PepsiCo were worth $262,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sigma Investment Counselors Inc. increased its holdings in shares of PepsiCo by 2.5% in the second quarter. Sigma Investment Counselors Inc. now owns 3,415 shares of the company’s stock valued at $448,000 after purchasing an additional 82 shares during the last quarter. Strategic Financial Group LLC increased its holdings in shares of PepsiCo by 2.7% in the second quarter. Strategic Financial Group LLC now owns 3,242 shares of the company’s stock valued at $425,000 after purchasing an additional 86 shares during the last quarter. First Command Financial Services Inc. increased its holdings in shares of PepsiCo by 1.0% in the second quarter. First Command Financial Services Inc. now owns 9,440 shares of the company’s stock valued at $1,238,000 after purchasing an additional 95 shares during the last quarter. ZWJ Investment Counsel Inc. increased its holdings in shares of PepsiCo by 1.0% in the second quarter. ZWJ Investment Counsel Inc. now owns 9,586 shares of the company’s stock valued at $1,257,000 after purchasing an additional 96 shares during the last quarter. Finally, Stockman Wealth Management Inc. increased its holdings in shares of PepsiCo by 0.5% in the fourth quarter. Stockman Wealth Management Inc. now owns 18,804 shares of the company’s stock valued at $2,077,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 71.83% of the company’s stock.

Several equities research analysts have issued reports on PEP shares. UBS Group raised their target price on PepsiCo from $130.00 to $132.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. ValuEngine cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Cowen raised their target price on PepsiCo from $142.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 10th. Goldman Sachs Group set a $132.00 target price on PepsiCo and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Finally, BMO Capital Markets reissued an “average” rating and set a $128.00 target price on shares of PepsiCo in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $129.35.

Shares of PEP traded down $0.03 during midday trading on Tuesday, hitting $132.54. 704,585 shares of the stock were exchanged, compared to its average volume of 4,626,086. PepsiCo, Inc. has a 52-week low of $104.53 and a 52-week high of $135.24. The stock has a fifty day simple moving average of $130.83 and a 200 day simple moving average of $125.36. The firm has a market cap of $184.22 billion, a P/E ratio of 23.42, a P/E/G ratio of 3.42 and a beta of 0.60. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.66 and a current ratio of 0.86.

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

The business 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. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $3.82 dividend on an annualized basis and a yield of 2.88%. PepsiCo’s dividend payout ratio (DPR) is presently 67.49%.

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

PepsiCo Company 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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