Patriot Financial Group Insurance Agency LLC lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 110.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,353 shares of the company’s stock after acquiring an additional 1,234 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in PepsiCo were worth $260,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Highwater Wealth Management LLC bought a new stake in PepsiCo in the fourth quarter worth $28,000. Horan Securities Inc. raised its stake in shares of PepsiCo by 460.0% in the fourth quarter. Horan Securities Inc. now owns 280 shares of the company’s stock worth $30,000 after purchasing an additional 230 shares during the last quarter. Financial Gravity Companies Inc. purchased a new position in shares of PepsiCo in the fourth quarter worth $41,000. Sound Income Strategies LLC raised its stake in shares of PepsiCo by 50.8% in the fourth quarter. Sound Income Strategies LLC now owns 597 shares of the company’s stock worth $66,000 after purchasing an additional 201 shares during the last quarter. Finally, Ayalon Holdings Ltd. purchased a new position in shares of PepsiCo in the fourth quarter worth $74,000. Institutional investors own 71.79% of the company’s stock.
PEP has been the subject of a number of research reports. BidaskClub upgraded PepsiCo from a “hold” rating to a “buy” rating in a research report on Wednesday, May 15th. Zacks Investment Research cut PepsiCo from a “hold” rating to a “sell” rating in a research report on Wednesday, January 23rd. Wells Fargo & Co boosted their price target on PepsiCo from $120.00 to $127.00 and gave the company a “positive” rating in a report on Tuesday, May 14th. Deutsche Bank boosted their price target on PepsiCo from $120.00 to $131.00 and gave the company a “hold” rating in a report on Thursday, April 18th. Finally, SunTrust Banks boosted their price target on PepsiCo to $120.00 and gave the company a “hold” rating in a report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $124.65.
In other news, SVP Marie T. Gallagher sold 7,800 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $125.99, for a total value of $982,722.00. Following the sale, the senior vice president now directly owns 55,665 shares in the company, valued at $7,013,233.35. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Ramon Laguarta sold 15,431 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $129.43, for a total value of $1,997,234.33. Following the completion of the sale, the chairman now owns 232,394 shares in the company, valued at $30,078,755.42. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 61,494 shares of company stock worth $7,698,345. Company insiders own 0.28% of the company’s stock.
PepsiCo stock traded up $1.02 during midday trading on Wednesday, reaching $130.07. 2,765,228 shares of the stock traded hands, compared to its average volume of 4,947,987. PepsiCo, Inc. has a 12 month low of $99.61 and a 12 month high of $130.87. The company has a current ratio of 0.94, a quick ratio of 0.75 and a debt-to-equity ratio of 1.99. The firm has a market cap of $182.33 billion, a PE ratio of 22.98, a PEG ratio of 3.39 and a beta of 0.66.
PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Wednesday, April 17th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. PepsiCo had a return on equity of 65.12% and a net margin of 19.37%. The business had revenue of $12.88 billion for the quarter, compared to the consensus estimate of $12.68 billion. During the same period in the prior year, the business posted $0.96 earnings per share. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. As a group, equities research analysts forecast that PepsiCo, Inc. will post 5.51 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be given a dividend of $0.955 per share. The ex-dividend date is Thursday, June 6th. This is an increase from PepsiCo’s previous quarterly dividend of $0.93. This represents a $3.82 dividend on an annualized basis and a yield of 2.94%. PepsiCo’s dividend payout ratio is 65.55%.
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PepsiCo Company Profile
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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