Compton Capital Management Inc. RI lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,041 shares of the company’s stock after selling 400 shares during the period. PepsiCo comprises approximately 1.7% of Compton Capital Management Inc. RI’s investment portfolio, making the stock its 13th largest holding. Compton Capital Management Inc. RI’s holdings in PepsiCo were worth $3,939,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PEP. Stuart Chaussee & Associates Inc. raised its stake in PepsiCo by 18.8% in the second quarter. Stuart Chaussee & Associates Inc. now owns 505 shares of the company’s stock valued at $66,000 after buying an additional 80 shares during the period. Sigma Investment Counselors Inc. raised its stake in 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 buying an additional 82 shares during the period. Alera Investment Advisors LLC raised its stake in PepsiCo by 3.5% in the second quarter. Alera Investment Advisors LLC now owns 2,471 shares of the company’s stock valued at $324,000 after buying an additional 84 shares during the period. Strategic Financial Group LLC raised its stake in 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 buying an additional 86 shares during the period. Finally, First Command Financial Services Inc. raised its stake in 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 buying an additional 95 shares during the period. Institutional investors and hedge funds own 71.51% of the company’s stock.

Several research firms have issued reports on PEP. UBS Group upped their price objective on PepsiCo from $130.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Jefferies Financial Group upped their target price on PepsiCo from $123.00 to $134.00 and gave the company a “hold” rating in a research report on Wednesday, July 10th. Argus reaffirmed a “buy” rating on shares of PepsiCo in a research report on Thursday, July 11th. BMO Capital Markets reaffirmed an “average” rating and issued a $128.00 target price on shares of PepsiCo in a research report on Wednesday, July 10th. Finally, Morgan Stanley upped their target price on PepsiCo from $143.00 to $149.00 and gave the company an “overweight” rating in a research report on Wednesday. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $131.21.

In related news, CEO Steven C. Williams sold 2,420 shares of the stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $133.95, for a total transaction of $324,159.00. Following the sale, the chief executive officer now owns 54,920 shares of the company’s stock, valued at $7,356,534. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Kirk Tanner sold 9,573 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 105,350 shares in the company, valued at approximately $13,500,602.50. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.

NASDAQ:PEP traded down $0.85 during trading hours on Friday, reaching $136.44. 2,761,823 shares of the company were exchanged, compared to its average volume of 3,634,975. The company has a market capitalization of $190.65 billion, a P/E ratio of 24.11, a P/E/G ratio of 3.54 and a beta of 0.56. PepsiCo, Inc. has a 1-year low of $104.53 and a 1-year high of $139.18. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.86 and a quick ratio of 0.66. The business has a 50 day moving average of $132.15 and a 200 day moving average of $127.87.

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

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be given a dividend of $0.955 per share. This represents a $3.82 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Thursday, September 5th. PepsiCo’s dividend payout ratio is currently 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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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