MONECO Advisors LLC grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP – Get Rating) by 5.0% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 2,669 shares of the company’s stock after buying an additional 126 shares during the period. MONECO Advisors LLC’s holdings in PepsiCo were worth $447,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in PEP. Landmark Wealth Management LLC acquired a new position in PepsiCo in the first quarter worth about $29,000. Life Planning Partners Inc acquired a new position in PepsiCo in the fourth quarter worth about $35,000. Leverty Financial Group LLC acquired a new position in PepsiCo in the fourth quarter worth about $38,000. Strategic Asset Management LLC raised its position in PepsiCo by 53.3% in the first quarter. Strategic Asset Management LLC now owns 276 shares of the company’s stock worth $46,000 after purchasing an additional 96 shares in the last quarter. Finally, Retirement Group LLC raised its position in PepsiCo by 100.0% in the first quarter. Retirement Group LLC now owns 322 shares of the company’s stock worth $54,000 after purchasing an additional 161 shares in the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.
Analyst Ratings Changes
Several research analysts recently issued reports on PEP shares. UBS Group dropped their price target on shares of PepsiCo from $190.00 to $182.00 and set a “buy” rating for the company in a research report on Tuesday, June 21st. Deutsche Bank Aktiengesellschaft upped their price objective 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. Credit Suisse Group upped their price objective on shares of PepsiCo from $168.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 13th. Wells Fargo & Company decreased their price objective on shares of PepsiCo from $175.00 to $172.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 21st. Finally, JPMorgan Chase & Co. decreased their price objective on shares of PepsiCo from $186.00 to $185.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 6th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $182.00.
PepsiCo Trading Down 1.4 %
PepsiCo (NASDAQ:PEP – Get Rating) last announced its quarterly earnings data on Tuesday, July 12th. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.13. The firm had revenue of $20.23 billion for the quarter, compared to analysts’ expectations of $19.51 billion. PepsiCo had a net margin of 11.28% and a return on equity of 52.01%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the firm earned $1.72 earnings per share. As a group, sell-side analysts expect that PepsiCo, Inc. will post 6.65 EPS for the current year.
PepsiCo Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 2nd will be issued a $1.15 dividend. The ex-dividend date is Thursday, September 1st. This represents a $4.60 annualized dividend and a yield of 2.65%. PepsiCo’s dividend payout ratio (DPR) is presently 69.28%.
Insiders Place Their Bets
In other PepsiCo news, CEO Ramkumar Krishnan sold 3,433 shares of the stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $174.83, for a total value of $600,191.39. Following the sale, the chief executive officer now directly owns 50,577 shares in the company, valued at $8,842,376.91. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Eugene Willemsen sold 4,560 shares of the firm’s stock in a transaction on 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 owns 8,277 shares of the company’s stock, valued at $1,453,523.97. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Ramkumar Krishnan sold 3,433 shares of PepsiCo stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $174.83, for a total transaction of $600,191.39. Following the completion of the transaction, the chief executive officer now directly owns 50,577 shares of the company’s stock, valued at approximately $8,842,376.91. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,896 shares of company stock worth $2,602,868. Company insiders own 0.12% of the company’s stock.
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.
- Get a free copy of the StockNews.com research report on PepsiCo (PEP)
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