PepsiCo, Inc. (PEP) Shares Sold by Capital Wealth Planning LLC

Capital Wealth Planning LLC reduced its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 46.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,460 shares of the company’s stock after selling 10,880 shares during the quarter. PepsiCo comprises 0.9% of Capital Wealth Planning LLC’s portfolio, making the stock its 26th biggest holding. Capital Wealth Planning LLC’s holdings in PepsiCo were worth $1,357,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of PEP. IFP Advisors Inc grew its position in PepsiCo by 1.2% during the second quarter. IFP Advisors Inc now owns 36,628 shares of the company’s stock worth $3,988,000 after buying an additional 443 shares in the last quarter. Heritage Way Advisors LLC grew its position in PepsiCo by 2.6% during the second quarter. Heritage Way Advisors LLC now owns 17,575 shares of the company’s stock worth $1,913,000 after buying an additional 450 shares in the last quarter. R.M.SINCERBEAUX Capital Management LLC grew its position in PepsiCo by 22.5% during the second quarter. R.M.SINCERBEAUX Capital Management LLC now owns 2,450 shares of the company’s stock worth $267,000 after buying an additional 450 shares in the last quarter. Edgemoor Investment Advisors Inc. grew its position in PepsiCo by 6.7% during the second quarter. Edgemoor Investment Advisors Inc. now owns 7,214 shares of the company’s stock worth $785,000 after buying an additional 450 shares in the last quarter. Finally, Sigma Planning Corp grew its position in PepsiCo by 1.4% during the second quarter. Sigma Planning Corp now owns 32,120 shares of the company’s stock worth $3,497,000 after buying an additional 450 shares in the last quarter. 70.64% of the stock is currently owned by institutional investors.

In other news, CEO Mike Spanos sold 20,074 shares of PepsiCo stock in a transaction that occurred on Wednesday, October 31st. The shares were sold at an average price of $112.42, for a total value of $2,256,719.08. Following the completion of the transaction, the chief executive officer now owns 35,520 shares in the company, valued at $3,993,158.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mehmood Khan sold 168,295 shares of PepsiCo stock in a transaction that occurred on Tuesday, October 23rd. The shares were sold at an average price of $110.12, for a total transaction of $18,532,645.40. Following the completion of the transaction, the executive vice president now owns 173,702 shares of the company’s stock, valued at approximately $19,128,064.24. The disclosure for this sale can be found here. Insiders sold 205,893 shares of company stock valued at $22,663,157 in the last quarter. 0.27% of the stock is currently owned by corporate insiders.

Shares of PEP opened at $114.39 on Tuesday. The stock has a market cap of $156.92 billion, a price-to-earnings ratio of 21.87, a price-to-earnings-growth ratio of 2.78 and a beta of 0.58. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.31 and a quick ratio of 1.15. PepsiCo, Inc. has a 12 month low of $95.94 and a 12 month high of $122.51.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, October 2nd. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. PepsiCo had a net margin of 7.66% and a return on equity of 73.27%. The company had revenue of $16.49 billion during the quarter, compared to analysts’ expectations of $16.38 billion. During the same quarter in the previous year, the company posted $1.48 earnings per share. PepsiCo’s quarterly revenue was up 1.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 5.65 earnings per share for the current fiscal year.

PEP has been the subject of a number of analyst reports. BidaskClub cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, August 23rd. ValuEngine upgraded shares of PepsiCo from a “sell” rating to a “hold” rating in a research note on Tuesday, July 10th. Guggenheim initiated coverage on shares of PepsiCo in a research note on Thursday, September 13th. They set a “neutral” rating and a $117.00 price target for the company. Susquehanna Bancshares cut their price target on shares of PepsiCo from $136.00 to $135.00 and set a “positive” rating for the company in a research note on Friday, September 28th. Finally, Citigroup cut their price target on shares of PepsiCo from $118.00 to $116.00 and set a “hold” rating for the company in a research note on Wednesday, October 3rd. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $117.89.

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About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.

Further Reading: Why investors pay attention to retained earnings

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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