Regal Investment Advisors LLC lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 15.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 12,254 shares of the company’s stock after acquiring an additional 1,658 shares during the quarter. Regal Investment Advisors LLC’s holdings in PepsiCo were worth $1,354,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Highwater Wealth Management LLC bought a new stake in shares of PepsiCo in the 4th quarter worth approximately $28,000. Horan Securities Inc. grew its position in shares of PepsiCo by 460.0% in the 4th quarter. Horan Securities Inc. now owns 280 shares of the company’s stock worth $30,000 after buying an additional 230 shares during the last quarter. Financial Gravity Companies Inc. bought a new stake in shares of PepsiCo in the 4th quarter worth approximately $41,000. Sound Income Strategies LLC grew its position in shares of PepsiCo by 50.8% in the 4th quarter. Sound Income Strategies LLC now owns 597 shares of the company’s stock worth $66,000 after buying an additional 201 shares during the last quarter. Finally, Ayalon Holdings Ltd. bought a new stake in shares of PepsiCo in the 4th quarter worth approximately $74,000. Institutional investors own 71.79% of the company’s stock.
In other PepsiCo news, CEO Vivek Sankaran sold 13,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $117.28, for a total transaction of $1,524,640.00. Following the sale, the chief executive officer now directly owns 90,379 shares in the company, valued at $10,599,649.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Ramon Laguarta sold 15,431 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $129.43, for a total value of $1,997,234.33. Following 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 three months, insiders have sold 61,494 shares of company stock valued at $7,698,345. 0.28% of the stock is owned by corporate insiders.
Shares of NASDAQ PEP traded up $1.02 during mid-day trading on Wednesday, reaching $130.07. The company’s stock had a trading volume of 2,765,228 shares, compared to its average volume of 4,947,987. The firm has a market cap of $182.33 billion, a price-to-earnings ratio of 22.98, a price-to-earnings-growth ratio of 3.39 and a beta of 0.66. The company has a quick ratio of 0.75, a current ratio of 0.94 and a debt-to-equity ratio of 1.99. PepsiCo, Inc. has a 52 week low of $99.61 and a 52 week high of $130.87.
PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Wednesday, April 17th. The company reported $0.97 earnings per share for the quarter, topping 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 firm had revenue of $12.88 billion during the quarter, compared to analyst estimates of $12.68 billion. During the same quarter in the prior year, the company posted $0.96 earnings per share. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. Research analysts expect that PepsiCo, Inc. will post 5.51 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a dividend of $0.955 per share. The ex-dividend date of this dividend is Thursday, June 6th. This is a positive change 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 presently 65.55%.
Several research firms recently weighed in on PEP. ValuEngine upgraded PepsiCo from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Zacks Investment Research upgraded PepsiCo from a “sell” rating to a “hold” rating in a research report on Tuesday, February 12th. Goldman Sachs Group upgraded PepsiCo from a “sell” rating to a “neutral” rating and lifted their price target for the company from $111.00 to $132.00 in a research report on Thursday, April 18th. Jefferies Financial Group lifted their price target on PepsiCo to $119.00 and gave the company a “hold” rating in a research report on Tuesday, February 19th. They noted that the move was a valuation call. Finally, Bank of America boosted their target price on PepsiCo from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company. PepsiCo presently has an average rating of “Buy” and a consensus price target of $124.65.
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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