PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Beaumont Financial Partners LLC

Beaumont Financial Partners LLC reduced its stake in PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 2.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 106,683 shares of the company’s stock after selling 2,353 shares during the quarter. PepsiCo accounts for 1.4% of Beaumont Financial Partners LLC’s investment portfolio, making the stock its 17th largest position. Beaumont Financial Partners LLC’s holdings in PepsiCo were worth $17,857,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the business. SP Asset Management increased its position in shares of PepsiCo by 1.3% in the 1st quarter. SP Asset Management now owns 32,620 shares of the company’s stock valued at $5,460,000 after purchasing an additional 406 shares during the last quarter. Cypress Capital LLC grew its position in shares of PepsiCo by 2.5% in the 1st quarter. Cypress Capital LLC now owns 12,454 shares of the company’s stock valued at $2,085,000 after buying an additional 307 shares during the last quarter. Lake Street Financial LLC grew its position in shares of PepsiCo by 3.8% in the 1st quarter. Lake Street Financial LLC now owns 8,438 shares of the company’s stock valued at $1,412,000 after buying an additional 310 shares during the last quarter. Banco Santander S.A. boosted its stake in PepsiCo by 63.6% during the 1st quarter. Banco Santander S.A. now owns 8,131 shares of the company’s stock worth $1,361,000 after purchasing an additional 3,162 shares during the period. Finally, ICICI Prudential Asset Management Co Ltd boosted its stake in PepsiCo by 16.6% during the 1st quarter. ICICI Prudential Asset Management Co Ltd now owns 3,977 shares of the company’s stock worth $668,000 after purchasing an additional 565 shares during the period. 72.12% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at PepsiCo

In other PepsiCo news, EVP David Flavell sold 5,150 shares of PepsiCo stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $175.11, for a total transaction of $901,816.50. Following the transaction, the executive vice president now directly owns 28,275 shares of the company’s stock, valued at $4,951,235.25. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Steven C. Williams sold 1,753 shares of the business’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $171.18, for a total transaction of $300,078.54. Following the transaction, the chief executive officer now directly owns 70,892 shares of the company’s stock, valued at $12,135,292.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP David Flavell sold 5,150 shares of the business’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of $175.11, for a total transaction of $901,816.50. Following the transaction, the executive vice president now directly owns 28,275 shares in the company, valued at $4,951,235.25. The disclosure for this sale can be found here. Insiders have sold a total of 14,896 shares of company stock valued at $2,602,868 over the last ninety days. Corporate insiders own 0.12% of the company’s stock.

PepsiCo Trading Down 0.8 %

Shares of PEP traded down $1.32 during mid-day trading on Friday, hitting $174.55. The company had a trading volume of 3,295,615 shares, compared to its average volume of 3,998,575. The business’s 50-day simple moving average is $167.65 and its 200-day simple moving average is $169.53. The company has a quick ratio of 0.64, a current ratio of 0.83 and a debt-to-equity ratio of 1.78. PepsiCo, Inc. has a 1-year low of $149.48 and a 1-year high of $177.69. The stock has a market cap of $240.86 billion, a PE ratio of 26.29, a P/E/G ratio of 3.45 and a beta of 0.55.

PepsiCo (NASDAQ:PEPGet Rating) last released its earnings results on Tuesday, July 12th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.13. PepsiCo had a net margin of 11.28% and a return on equity of 52.01%. The business had revenue of $20.23 billion for the quarter, compared to analysts’ expectations of $19.51 billion. During the same period last year, the company earned $1.72 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. Sell-side analysts forecast that PepsiCo, Inc. will post 6.65 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 2nd will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $4.60 dividend on an annualized basis and a yield of 2.64%. PepsiCo’s dividend payout ratio (DPR) is 69.28%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PEP. Wells Fargo & Company decreased their price target on shares of PepsiCo from $175.00 to $172.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 21st. Guggenheim raised their target price on shares of PepsiCo from $188.00 to $193.00 in a research note on Wednesday, April 27th. JPMorgan Chase & Co. reduced their target price on shares of PepsiCo from $186.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, July 6th. Deutsche Bank Aktiengesellschaft raised their target price on shares of PepsiCo from $175.00 to $178.00 and gave the stock a “hold” rating in a research note on Thursday, July 7th. Finally, Citigroup raised their target price on shares of PepsiCo from $194.00 to $198.00 in a research note on Wednesday, April 27th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, PepsiCo presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.00.

PepsiCo Profile

(Get Rating)

PepsiCo, Inc manufactures, markets, distributes, and sells various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.

See Also

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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