PepsiCo, Inc. (NASDAQ:PEP) Holdings Lifted by LifeSteps Financial Inc.

LifeSteps Financial Inc. boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 12.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,704 shares of the company’s stock after purchasing an additional 295 shares during the period. LifeSteps Financial Inc.’s holdings in PepsiCo were worth $451,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PEP. Boenning & Scattergood Inc. grew its stake in PepsiCo by 0.9% in the 2nd quarter. Boenning & Scattergood Inc. now owns 58,217 shares of the company’s stock valued at $9,702,000 after buying an additional 543 shares during the last quarter. EFG Asset Management Americas Corp. boosted its position in PepsiCo by 969.0% in the second quarter. EFG Asset Management Americas Corp. now owns 54,703 shares of the company’s stock valued at $9,137,000 after buying an additional 49,586 shares in the last quarter. Franklin Street Advisors Inc. NC boosted its position in PepsiCo by 16.1% in the second quarter. Franklin Street Advisors Inc. NC now owns 7,088 shares of the company’s stock valued at $1,181,000 after buying an additional 983 shares in the last quarter. Monterey Private Wealth Inc. lifted its position in shares of PepsiCo by 2.0% during the second quarter. Monterey Private Wealth Inc. now owns 8,028 shares of the company’s stock worth $1,338,000 after purchasing an additional 157 shares in the last quarter. Finally, Atticus Wealth Management LLC lifted its position in shares of PepsiCo by 65.1% during the second quarter. Atticus Wealth Management LLC now owns 3,087 shares of the company’s stock worth $514,000 after purchasing an additional 1,217 shares in the last quarter. 71.38% of the stock is owned by institutional investors and hedge funds.

PepsiCo Price Performance

NASDAQ PEP opened at $168.60 on Friday. The company has a market capitalization of $232.65 billion, a price-to-earnings ratio of 25.39, a PEG ratio of 3.30 and a beta of 0.55. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.64 and a current ratio of 0.83. The stock has a 50-day moving average of $173.32 and a 200 day moving average of $170.45. PepsiCo, Inc. has a one year low of $149.48 and a one year high of $181.07.

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

PepsiCo Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. UBS Group lowered their target price on shares of PepsiCo from $190.00 to $182.00 and set a “buy” rating for the company in a research note on Tuesday, June 21st. Wells Fargo & Company cut their price target on shares of PepsiCo from $175.00 to $172.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 21st. JPMorgan Chase & Co. dropped their price objective 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. Credit Suisse Group raised 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. Finally, Barclays decreased their target price on shares of PepsiCo from $187.00 to $183.00 and set an “overweight” rating on the stock in a report on Wednesday, July 6th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, PepsiCo has an average rating of “Moderate Buy” and an average price target of $182.00.

Insider Activity at PepsiCo

In other PepsiCo news, CEO Ramkumar Krishnan sold 3,433 shares of the company’s stock in a transaction 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 directly owns 50,577 shares in the company, valued at approximately $8,842,376.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other PepsiCo news, CEO Steven C. Williams sold 1,753 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 70,892 shares in the company, valued at approximately $12,135,292.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ramkumar Krishnan sold 3,433 shares of the company’s stock in a transaction 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 $8,842,376.91. The disclosure for this sale can be found here. 0.12% of the stock is owned by company insiders.

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.

See Also

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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