PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Vestor Capital LLC

Vestor Capital LLC trimmed its stake in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 0.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 90,873 shares of the company’s stock after selling 317 shares during the quarter. PepsiCo comprises 1.5% of Vestor Capital LLC’s investment portfolio, making the stock its 23rd biggest holding. Vestor Capital LLC’s holdings in PepsiCo were worth $15,210,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in PEP. Cypress Wealth Services LLC boosted its stake in shares of PepsiCo by 2.3% in the first quarter. Cypress Wealth Services LLC now owns 2,544 shares of the company’s stock valued at $426,000 after buying an additional 58 shares in the last quarter. Retirement Planning Co of New England Inc. boosted its stake in shares of PepsiCo by 0.9% in the first quarter. Retirement Planning Co of New England Inc. now owns 6,605 shares of the company’s stock valued at $1,105,000 after buying an additional 59 shares in the last quarter. Cullen Capital Management LLC boosted its stake in shares of PepsiCo by 0.7% in the first quarter. Cullen Capital Management LLC now owns 8,765 shares of the company’s stock valued at $1,467,000 after buying an additional 60 shares in the last quarter. Titleist Asset Management LTD. boosted its stake in shares of PepsiCo by 2.9% in the first quarter. Titleist Asset Management LTD. now owns 2,183 shares of the company’s stock valued at $365,000 after buying an additional 62 shares in the last quarter. Finally, First Community Trust NA boosted its stake in shares of PepsiCo by 1.5% in the first quarter. First Community Trust NA now owns 4,346 shares of the company’s stock valued at $727,000 after buying an additional 63 shares in the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.

PepsiCo Trading Down 0.8 %

Shares of PepsiCo stock traded down $1.32 during trading hours on Friday, reaching $174.55. 3,295,615 shares of the company’s stock were exchanged, compared to its average volume of 3,998,575. PepsiCo, Inc. has a 52-week low of $149.48 and a 52-week high of $177.69. The firm has a market capitalization of $240.86 billion, a price-to-earnings ratio of 26.29, a price-to-earnings-growth ratio of 3.45 and a beta of 0.55. The company has a fifty day moving average of $167.65 and a 200-day moving average of $169.53. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.78.

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

PepsiCo Dividend Announcement

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 paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date is Thursday, September 1st. PepsiCo’s dividend payout ratio is presently 69.28%.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of research analyst reports. Guggenheim boosted their target price on PepsiCo from $188.00 to $193.00 in a research report on Wednesday, April 27th. Barclays lowered their price objective on shares of PepsiCo from $187.00 to $183.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 6th. JPMorgan Chase & Co. cut their target price on shares of PepsiCo from $186.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, July 6th. Citigroup increased their price target on shares of PepsiCo from $194.00 to $198.00 in a research report on Wednesday, April 27th. Finally, Wells Fargo & Company reduced their target price on PepsiCo from $175.00 to $172.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 21st. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $182.00.

Insiders Place Their Bets

In related news, EVP David Flavell sold 5,150 shares of the stock in a transaction on Monday, May 16th. The stock was sold at an average price of $175.11, for a total value of $901,816.50. Following the transaction, the executive vice president now directly owns 28,275 shares of the company’s stock, valued at approximately $4,951,235.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other PepsiCo news, EVP David Flavell sold 5,150 shares of the firm’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $175.11, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eugene Willemsen sold 4,560 shares of the firm’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $175.61, for a total value of $800,781.60. Following the completion of the transaction, the chief executive officer now directly owns 8,277 shares in the company, valued at $1,453,523.97. 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 in the last quarter. 0.12% of the stock is currently owned by company insiders.

PepsiCo Company Profile

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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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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