Ferguson Wellman Capital Management Inc. Sells 910 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Ferguson Wellman Capital Management Inc. decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 2.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,246 shares of the company’s stock after selling 910 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in PepsiCo were worth $6,207,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Signature Estate & Investment Advisors LLC boosted its holdings in PepsiCo by 6.4% in the second quarter. Signature Estate & Investment Advisors LLC now owns 1,989 shares of the company’s stock worth $331,000 after acquiring an additional 119 shares in the last quarter. LifeSteps Financial Inc. boosted its holdings in PepsiCo by 12.2% in the second quarter. LifeSteps Financial Inc. now owns 2,704 shares of the company’s stock worth $451,000 after acquiring an additional 295 shares in the last quarter. Boenning & Scattergood Inc. boosted its holdings in PepsiCo by 0.9% in the second quarter. Boenning & Scattergood Inc. now owns 58,217 shares of the company’s stock worth $9,702,000 after acquiring an additional 543 shares in the last quarter. EFG Asset Management Americas Corp. boosted its holdings in PepsiCo by 969.0% in the second quarter. EFG Asset Management Americas Corp. now owns 54,703 shares of the company’s stock worth $9,137,000 after acquiring an additional 49,586 shares in the last quarter. Finally, Franklin Street Advisors Inc. NC boosted its holdings in PepsiCo by 16.1% in the second quarter. Franklin Street Advisors Inc. NC now owns 7,088 shares of the company’s stock worth $1,181,000 after acquiring an additional 983 shares in the last quarter. Institutional investors own 71.38% of the company’s stock.

Insider Transactions at PepsiCo

In related news, CEO Ramkumar Krishnan sold 3,433 shares of PepsiCo stock in a transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Ramkumar Krishnan sold 3,433 shares of PepsiCo stock in a transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Steven C. Williams sold 1,753 shares of PepsiCo stock in a transaction on Friday, July 15th. The shares were 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. Corporate insiders own 0.12% of the company’s stock.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $168.60 on Friday. The stock has a fifty day simple moving average of $173.32 and a two-hundred day simple moving average of $170.45. PepsiCo, Inc. has a 1-year low of $149.48 and a 1-year high of $181.07. The firm has a market cap of $232.65 billion, a price-to-earnings ratio of 25.39, a price-to-earnings-growth ratio of 3.30 and a beta of 0.55. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.78.

PepsiCo (NASDAQ:PEPGet Rating) last posted its quarterly earnings results on Tuesday, July 12th. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.13. PepsiCo had a return on equity of 52.01% and a net margin of 11.28%. The firm had revenue of $20.23 billion during the quarter, compared to analyst estimates of $19.51 billion. During the same period last year, the company earned $1.72 earnings per share. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. Analysts anticipate that PepsiCo, Inc. will post 6.66 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 2nd will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Thursday, September 1st. PepsiCo’s payout ratio is currently 69.28%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PEP. Credit Suisse Group increased their price objective on PepsiCo from $168.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 13th. Deutsche Bank Aktiengesellschaft increased their price objective on PepsiCo from $175.00 to $178.00 and gave the stock a “hold” rating in a research note on Thursday, July 7th. JPMorgan Chase & Co. lowered their price objective on PepsiCo from $186.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, July 6th. UBS Group decreased their price target on PepsiCo from $190.00 to $182.00 and set a “buy” rating for the company in a research report on Tuesday, June 21st. Finally, Barclays decreased their price target on PepsiCo from $187.00 to $183.00 and set an “overweight” rating for the company in a research report on Wednesday, July 6th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, PepsiCo presently has a consensus rating of “Moderate Buy” and an average target price of $182.00.

PepsiCo Profile

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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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