Pennsylvania Trust Co increased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 285,552 shares of the company’s stock after purchasing an additional 3,197 shares during the period. PepsiCo comprises about 1.6% of Pennsylvania Trust Co’s portfolio, making the stock its 12th largest holding. Pennsylvania Trust Co’s holdings in PepsiCo were worth $39,149,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PEP. Personal Wealth Partners purchased a new position in PepsiCo in the second quarter worth about $25,000. Krane Funds Advisors LLC purchased a new position in PepsiCo in the second quarter worth about $25,000. Evolution Wealth Advisors LLC purchased a new position in PepsiCo in the second quarter worth about $27,000. Financial Advantage Inc. purchased a new position in PepsiCo in the second quarter worth about $28,000. Finally, Mackey Komara & Dankovich LLC boosted its position in PepsiCo by 199.0% in the second quarter. Mackey Komara & Dankovich LLC now owns 858 shares of the company’s stock worth $38,000 after purchasing an additional 571 shares during the last quarter. Institutional investors own 71.46% of the company’s stock.

Shares of PEP stock traded up $0.61 during trading hours on Wednesday, reaching $137.85. 3,074,061 shares of the company traded hands, compared to its average volume of 4,661,796. PepsiCo, Inc. has a 12-month low of $104.53 and a 12-month high of $140.45. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.95 and a quick ratio of 0.77. The company has a market cap of $195.61 billion, a P/E ratio of 24.36, a P/E/G ratio of 3.65 and a beta of 0.56. The firm has a 50-day moving average price of $135.67 and a 200 day moving average price of $130.39.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, October 3rd. The company reported $1.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.50 by $0.06. PepsiCo had a return on equity of 55.00% and a net margin of 18.78%. The firm had revenue of $17.19 billion for the quarter, compared to analysts’ expectations of $16.93 billion. During the same period in the previous year, the firm earned $1.59 EPS. The business’s quarterly revenue was up 4.3% on a year-over-year basis. Sell-side analysts predict that PepsiCo, Inc. will post 5.5 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were given a dividend of $0.955 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $3.82 dividend on an annualized basis and a dividend yield of 2.77%. PepsiCo’s payout ratio is currently 67.49%.

In related news, CEO Kirk Tanner sold 9,573 shares of the business’s 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 transaction, the chief executive officer now directly owns 105,350 shares of the company’s stock, valued at approximately $13,500,602.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Steven C. Williams sold 2,420 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $133.95, for a total value of $324,159.00. Following the completion of the transaction, the chief executive officer now directly owns 54,920 shares in the company, valued at $7,356,534. The disclosure for this sale can be found here. 0.28% of the stock is owned by insiders.

Several research analysts have issued reports on PEP shares. BMO Capital Markets reissued a “market perform” rating and issued a $133.00 target price (up from $128.00) on shares of PepsiCo in a research report on Friday, October 4th. Deutsche Bank raised their target price on PepsiCo from $141.00 to $142.00 and gave the stock a “hold” rating in a research report on Tuesday, September 24th. Guggenheim set a $130.00 target price on PepsiCo and gave the stock a “hold” rating in a research report on Thursday, September 26th. Morgan Stanley raised their target price on PepsiCo from $149.00 to $154.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Finally, SunTrust Banks reissued a “hold” rating and issued a $125.00 target price on shares of PepsiCo in a research report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $135.53.

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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Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP).

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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