PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Logan Capital Management Inc.

Logan Capital Management Inc. grew its position in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 1.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 107,737 shares of the company’s stock after acquiring an additional 1,384 shares during the quarter. Logan Capital Management Inc.’s holdings in PepsiCo were worth $18,033,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Cordant Inc. acquired a new stake in PepsiCo in the first quarter worth about $27,000. Life Planning Partners Inc acquired a new stake in PepsiCo in the fourth quarter worth about $35,000. Strategic Asset Management LLC lifted its holdings 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 during the period. Landmark Wealth Management LLC acquired a new stake in PepsiCo in the first quarter worth about $29,000. Finally, Retirement Group LLC lifted its holdings 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 during the period. Institutional investors and hedge funds own 71.38% of the company’s stock.

PepsiCo Trading Up 0.3 %

NASDAQ:PEP opened at $173.22 on Friday. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.83 and a quick ratio of 0.64. PepsiCo, Inc. has a fifty-two week low of $149.48 and a fifty-two week high of $181.07. The stock’s 50-day moving average is $173.62 and its two-hundred day moving average is $170.68. The stock has a market cap of $239.03 billion, a PE ratio of 26.09, a price-to-earnings-growth ratio of 3.38 and a beta of 0.55.

PepsiCo (NASDAQ:PEPGet Rating) last released its earnings results on Tuesday, July 12th. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.13. PepsiCo had a return on equity of 52.01% and a net margin of 11.28%. The company had revenue of $20.23 billion for the quarter, compared to analysts’ expectations of $19.51 billion. During the same quarter in the previous year, the business posted $1.72 EPS. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, equities research analysts forecast that PepsiCo, Inc. will post 6.66 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 2nd will be paid a $1.15 dividend. The ex-dividend date is Thursday, September 1st. This represents a $4.60 annualized dividend and a dividend yield of 2.66%. PepsiCo’s payout ratio is 69.28%.

Insider Activity at PepsiCo

In related news, CEO Ramkumar Krishnan sold 3,433 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $174.83, for a total value of $600,191.39. Following the completion of the sale, the chief executive officer now owns 50,577 shares of the company’s stock, valued at approximately $8,842,376.91. The sale was disclosed in a document filed with the SEC, which is available at this link. In other PepsiCo news, CEO Ramkumar Krishnan sold 3,433 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $174.83, for a total transaction of $600,191.39. Following the completion of the sale, the chief executive officer now owns 50,577 shares of the company’s stock, valued at $8,842,376.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Steven C. Williams sold 1,753 shares of the company’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $171.18, for a total value of $300,078.54. Following the sale, the chief executive officer now directly owns 70,892 shares of the company’s stock, valued at approximately $12,135,292.56. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Barclays dropped their price target on shares of PepsiCo from $187.00 to $183.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 6th. Wells Fargo & Company dropped their price target on shares of PepsiCo from $175.00 to $172.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 21st. JPMorgan Chase & Co. dropped their price target on shares of PepsiCo from $186.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 6th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of PepsiCo from $175.00 to $178.00 and gave the stock a “hold” rating in a research report on Thursday, July 7th. Finally, Credit Suisse Group boosted their price target on shares of PepsiCo from $168.00 to $170.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 13th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $182.00.

About PepsiCo

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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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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