Inspirion Wealth Advisors LLC cut its stake in shares of Pepsico, Inc. (NYSE:PEP) by 0.3% during the second quarter, Holdings Channel reports. The firm owned 2,245 shares of the company’s stock after selling 6 shares during the period. Inspirion Wealth Advisors LLC’s holdings in Pepsico were worth $259,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Asset Planning Services Ltd. increased its stake in Pepsico by 66.1% in the first quarter. Asset Planning Services Ltd. now owns 1,003 shares of the company’s stock valued at $112,000 after buying an additional 399 shares during the period. Patriot Financial Group Insurance Agency LLC purchased a new position in Pepsico during the fourth quarter valued at about $125,000. Riggs Asset Managment Co. Inc. boosted its position in Pepsico by 14.9% in the first quarter. Riggs Asset Managment Co. Inc. now owns 1,270 shares of the company’s stock valued at $142,000 after buying an additional 165 shares in the last quarter. Israel Discount Bank of New York GFN purchased a new position in Pepsico during the fourth quarter valued at about $150,000. Finally, Leith Wheeler Investment Counsel Ltd. purchased a new position in Pepsico during the first quarter valued at about $157,000. 70.52% of the stock is currently owned by institutional investors and hedge funds.

Pepsico, Inc. (NYSE:PEP) traded up 0.11% during trading on Friday, reaching $116.51. 2,759,739 shares of the company’s stock were exchanged. The firm has a market capitalization of $166.09 billion, a price-to-earnings ratio of 24.67 and a beta of 0.67. Pepsico, Inc. has a 52 week low of $98.50 and a 52 week high of $118.24. The stock has a 50-day moving average price of $115.87 and a 200 day moving average price of $112.81.

Pepsico (NYSE:PEP) last issued its earnings results on Tuesday, July 11th. The company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.40 by $0.10. The company had revenue of $15.71 billion for the quarter, compared to analyst estimates of $15.57 billion. Pepsico had a net margin of 10.77% and a return on equity of 59.74%. The business’s revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.35 EPS. Equities research analysts forecast that Pepsico, Inc. will post $5.16 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be given a dividend of $0.805 per share. The ex-dividend date is Wednesday, August 30th. This represents a $3.22 annualized dividend and a dividend yield of 2.76%. Pepsico’s payout ratio is currently 68.22%.

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Several research firms recently issued reports on PEP. Vetr upgraded shares of Pepsico from a “hold” rating to a “buy” rating and set a $125.54 target price for the company in a research note on Wednesday, April 26th. Zacks Investment Research upgraded shares of Pepsico from a “hold” rating to a “buy” rating and set a $129.00 target price for the company in a research note on Friday, July 14th. Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $133.00 target price (down from $134.00) on shares of Pepsico in a research note on Thursday, July 6th. Jefferies Group LLC boosted their target price on shares of Pepsico from $120.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, April 19th. Finally, BMO Capital Markets cut shares of Pepsico from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $118.00 to $120.00 in a research note on Wednesday, June 7th. They noted that the move was a valuation call. Six investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $123.40.

In other news, EVP Mehmood Khan sold 63,396 shares of Pepsico stock in a transaction on Monday, July 24th. The stock was sold at an average price of $116.39, for a total transaction of $7,378,660.44. Following the completion of the transaction, the executive vice president now owns 174,273 shares of the company’s stock, valued at approximately $20,283,634.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Indra K. Nooyi sold 452,830 shares of Pepsico stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $116.44, for a total value of $52,727,525.20. Following the transaction, the chairman now directly owns 733,315 shares of the company’s stock, valued at approximately $85,387,198.60. The disclosure for this sale can be found here. Insiders have sold a total of 898,164 shares of company stock worth $104,585,929 over the last 90 days. Insiders own 0.26% of the company’s stock.

Pepsico Company Profile

PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).

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Institutional Ownership by Quarter for Pepsico (NYSE:PEP)

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