18,606 Shares in Pepsico, Inc. (NYSE:PEP) Purchased by LLBH Private Wealth Management LLC

LLBH Private Wealth Management LLC purchased a new position in shares of Pepsico, Inc. (NYSE:PEP) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 18,606 shares of the company’s stock, valued at approximately $2,149,000. Pepsico makes up approximately 0.7% of LLBH Private Wealth Management LLC’s holdings, making the stock its 16th largest position.

A number of other hedge funds and other institutional investors also recently modified their holdings of PEP. Barnett & Company Inc. raised its holdings in Pepsico by 270.4% during the 2nd quarter. Barnett & Company Inc. now owns 900 shares of the company’s stock worth $104,000 after purchasing an additional 657 shares during the last quarter. Asset Planning Services Ltd. raised its holdings in Pepsico by 0.3% during the 2nd quarter. Asset Planning Services Ltd. now owns 1,006 shares of the company’s stock worth $116,000 after purchasing an additional 3 shares during the last quarter. Riggs Asset Managment Co. Inc. raised its holdings in Pepsico by 14.9% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 1,270 shares of the company’s stock worth $142,000 after purchasing an additional 165 shares during the last quarter. Millie Capital Management LLC bought a new stake in Pepsico during the 1st quarter worth about $202,000. Finally, S. R. Schill & Associates bought a new stake in Pepsico during the 2nd quarter worth about $203,000. Institutional investors and hedge funds own 70.50% of the company’s stock.

In related news, insider Ramon Laguarta sold 21,449 shares of the stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $110.51, for a total transaction of $2,370,328.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

Pepsico, Inc. (PEP) traded up $0.68 during midday trading on Monday, reaching $117.46. The company had a trading volume of 4,403,025 shares, compared to its average volume of 3,669,129. Pepsico, Inc. has a twelve month low of $100.12 and a twelve month high of $119.39. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 2.32. The company has a market cap of $167,040.00, a PE ratio of 22.81, a price-to-earnings-growth ratio of 3.17 and a beta of 0.68.

Pepsico (NYSE:PEP) last posted its earnings results on Wednesday, October 4th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.05. Pepsico had a return on equity of 59.68% and a net margin of 10.97%. The business had revenue of $16.24 billion during the quarter, compared to analysts’ expectations of $16.35 billion. During the same period in the prior year, the business earned $1.40 EPS. Pepsico’s revenue for the quarter was up 1.3% compared to the same quarter last year. analysts anticipate that Pepsico, Inc. will post 5.22 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 8th. Investors of record on Friday, December 1st will be paid a dividend of $0.805 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $3.22 dividend on an annualized basis and a yield of 2.74%. Pepsico’s payout ratio is 66.53%.

Several brokerages have weighed in on PEP. BidaskClub raised Pepsico from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Zacks Investment Research raised Pepsico from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a report on Tuesday, August 22nd. Credit Suisse Group cut Pepsico from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $126.00 to $124.00 in a research note on Friday, September 8th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $115.00 price target on shares of Pepsico in a research note on Wednesday, September 6th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $120.00 price target on shares of Pepsico in a research note on Wednesday, September 6th. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $121.96.

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Pepsico Profile

PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).

Institutional Ownership by Quarter for Pepsico (NYSE:PEP)

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