Private Advisor Group LLC Has $30.96 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Private Advisor Group LLC lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 1.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 185,794 shares of the company’s stock after purchasing an additional 3,404 shares during the quarter. Private Advisor Group LLC’s holdings in PepsiCo were worth $30,964,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Gateway Investment Advisers LLC grew its holdings in shares of PepsiCo by 14.6% during the second quarter. Gateway Investment Advisers LLC now owns 527,226 shares of the company’s stock worth $87,868,000 after buying an additional 67,251 shares in the last quarter. Nvest Financial LLC grew its holdings in shares of PepsiCo by 0.8% during the second quarter. Nvest Financial LLC now owns 15,470 shares of the company’s stock worth $2,578,000 after buying an additional 126 shares in the last quarter. Allied Investment Advisors LLC grew its holdings in shares of PepsiCo by 1.0% during the second quarter. Allied Investment Advisors LLC now owns 45,070 shares of the company’s stock worth $7,511,000 after buying an additional 456 shares in the last quarter. PFG Advisors grew its holdings in shares of PepsiCo by 1.4% during the second quarter. PFG Advisors now owns 23,293 shares of the company’s stock worth $3,882,000 after buying an additional 330 shares in the last quarter. Finally, Lee Johnson Capital Management LLC grew its holdings in shares of PepsiCo by 8.1% during the second quarter. Lee Johnson Capital Management LLC now owns 8,162 shares of the company’s stock worth $1,360,000 after buying an additional 611 shares in the last quarter. Institutional investors and hedge funds own 71.38% of the company’s stock.

Wall Street Analyst Weigh In

PEP has been the subject of a number of analyst reports. Barclays decreased their price target on PepsiCo from $187.00 to $183.00 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 note on Tuesday, June 21st. JPMorgan Chase & Co. decreased their price target on PepsiCo from $186.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, July 6th. Wells Fargo & Company decreased their price target on PepsiCo from $175.00 to $172.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 21st. Finally, Credit Suisse Group raised their price target on PepsiCo from $168.00 to $170.00 and gave the company a “neutral” rating in a research note on Wednesday, July 13th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, PepsiCo has a consensus rating of “Moderate Buy” and a consensus price target of $182.00.

Insider Activity

In other news, CEO Steven C. Williams sold 1,753 shares of PepsiCo 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 transaction, the chief executive officer now owns 70,892 shares in the company, valued at approximately $12,135,292.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Ramkumar Krishnan sold 3,433 shares of the business’s 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 sale, the chief executive officer now owns 50,577 shares in the company, valued at approximately $8,842,376.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Steven C. Williams sold 1,753 shares of the business’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 sale, the chief executive officer now owns 70,892 shares in the company, 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 market capitalization of $232.65 billion, a PE ratio of 25.39, a P/E/G ratio of 3.30 and a beta of 0.55. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.83 and a quick ratio of 0.64. The business has a fifty day moving average price of $173.32 and a two-hundred day moving average price of $170.45. PepsiCo, Inc. has a fifty-two week low of $149.48 and a fifty-two week high of $181.07.

PepsiCo (NASDAQ:PEPGet Rating) last issued its quarterly earnings results on Tuesday, July 12th. The company reported $1.86 earnings per share (EPS) 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 analyst estimates of $19.51 billion. During the same quarter last year, the company posted $1.72 EPS. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, equities analysts predict that PepsiCo, Inc. will post 6.66 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

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

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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