Valicenti Advisory Services Inc. Decreases Stake in PepsiCo, Inc. (PEP)

Valicenti Advisory Services Inc. cut its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 34.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 35,166 shares of the company’s stock after selling 18,675 shares during the period. PepsiCo comprises approximately 1.7% of Valicenti Advisory Services Inc.’s holdings, making the stock its 21st biggest position. Valicenti Advisory Services Inc.’s holdings in PepsiCo were worth $3,932,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Altium Wealth Management LLC grew its stake in shares of PepsiCo by 11.4% during the 1st quarter. Altium Wealth Management LLC now owns 9,672 shares of the company’s stock worth $1,055,000 after acquiring an additional 993 shares during the period. Private Vista LLC grew its stake in shares of PepsiCo by 62.4% during the 1st quarter. Private Vista LLC now owns 7,522 shares of the company’s stock worth $821,000 after acquiring an additional 2,889 shares during the period. Rikoon Group LLC grew its stake in shares of PepsiCo by 12.4% during the 1st quarter. Rikoon Group LLC now owns 25,014 shares of the company’s stock worth $2,677,000 after acquiring an additional 2,760 shares during the period. HighPoint Advisor Group LLC grew its stake in shares of PepsiCo by 2.0% during the 1st quarter. HighPoint Advisor Group LLC now owns 29,875 shares of the company’s stock worth $3,062,000 after acquiring an additional 593 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of PepsiCo during the 1st quarter worth $590,000. 70.58% of the stock is owned by institutional investors and hedge funds.

PEP has been the subject of several analyst reports. Goldman Sachs Group restated a “sell” rating and issued a $108.00 target price on shares of PepsiCo in a research note on Monday, August 20th. BidaskClub downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, August 23rd. Zacks Investment Research upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $126.00 target price for the company in a research note on Tuesday, September 11th. Guggenheim initiated coverage on PepsiCo in a research note on Thursday, September 13th. They issued a “neutral” rating and a $117.00 target price for the company. Finally, Macquarie set a $122.00 target price on PepsiCo and gave the stock an “outperform” rating in a research note on Friday, September 28th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $117.89.

Shares of NASDAQ PEP opened at $115.82 on Friday. The stock has a market capitalization of $164.93 billion, a price-to-earnings ratio of 22.15, a P/E/G ratio of 2.92 and a beta of 0.60. The company has a quick ratio of 1.15, a current ratio of 1.31 and a debt-to-equity ratio of 2.95. PepsiCo, Inc. has a 52 week low of $95.94 and a 52 week high of $122.51.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, October 2nd. The company reported $1.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.02. The firm had revenue of $16.49 billion during the quarter, compared to the consensus estimate of $16.38 billion. PepsiCo had a return on equity of 73.27% and a net margin of 7.66%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the company posted $1.48 EPS. On average, equities analysts forecast that PepsiCo, Inc. will post 5.65 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 7th. Stockholders of record on Friday, December 7th will be given a dividend of $0.9275 per share. The ex-dividend date is Thursday, December 6th. This represents a $3.71 dividend on an annualized basis and a dividend yield of 3.20%. PepsiCo’s dividend payout ratio (DPR) is presently 70.94%.

In other news, EVP David Yawman sold 12,024 shares of PepsiCo stock in a transaction dated Tuesday, October 16th. The stock was sold at an average price of $106.99, for a total transaction of $1,286,447.76. Following the completion of the sale, the executive vice president now owns 59,133 shares in the company, valued at approximately $6,326,639.67. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Mike Spanos sold 20,074 shares of PepsiCo stock in a transaction dated 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 sale, the chief executive officer now owns 35,520 shares of the company’s stock, valued at approximately $3,993,158.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 205,893 shares of company stock valued at $22,663,157. Corporate insiders own 0.27% of the company’s stock.

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PepsiCo Company Profile

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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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