Mutual of Omaha Bank Wealth Management lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.6% during the second quarter, Holdings Channel reports. The firm owned 6,025 shares of the company’s stock after selling 100 shares during the quarter. Mutual of Omaha Bank Wealth Management’s holdings in PepsiCo were worth $790,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in PEP. Evolution Wealth Advisors LLC bought a new stake in PepsiCo during the 2nd quarter valued at approximately $27,000. 1 North Wealth Services LLC bought a new stake in shares of PepsiCo in the 4th quarter worth approximately $39,000. Financial Gravity Companies Inc. bought a new stake in shares of PepsiCo in the 4th quarter worth approximately $41,000. G&S Capital LLC boosted its position in shares of PepsiCo by 96.3% in the 2nd quarter. G&S Capital LLC now owns 371 shares of the company’s stock worth $49,000 after purchasing an additional 182 shares in the last quarter. Finally, Guidant Wealth Advisors boosted its position in shares of PepsiCo by 22.1% in the 2nd quarter. Guidant Wealth Advisors now owns 558 shares of the company’s stock worth $73,000 after purchasing an additional 101 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.
A number of brokerages have recently commented on PEP. Goldman Sachs Group set a $132.00 price target on PepsiCo and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Morgan Stanley boosted their price target on PepsiCo from $137.00 to $143.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. BidaskClub cut PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Macquarie boosted their price target on PepsiCo from $126.00 to $138.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Finally, Wells Fargo & Co boosted their price target on PepsiCo from $120.00 to $127.00 and gave the stock a “positive” rating in a research report on Tuesday, May 14th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $129.35.
In related news, Chairman Ramon Laguarta sold 15,431 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $129.43, for a total value of $1,997,234.33. Following the transaction, the chairman now directly owns 232,394 shares of the company’s stock, valued at approximately $30,078,755.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Steven C. Williams sold 2,420 shares of the company’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $133.95, for a total value of $324,159.00. Following the completion of the transaction, the chief executive officer now directly owns 54,920 shares in the company, valued at $7,356,534. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.
PEP stock traded up $0.78 during midday trading on Friday, hitting $127.92. The company’s stock had a trading volume of 5,572,475 shares, compared to its average volume of 4,336,851. The stock has a market capitalization of $178.70 billion, a P/E ratio of 22.60, a PEG ratio of 3.32 and a beta of 0.60. PepsiCo, Inc. has a 12 month low of $104.53 and a 12 month high of $135.24. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.66 and a current ratio of 0.86. The business has a 50-day simple moving average of $132.05.
PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, July 9th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.05. The business had revenue of $16.45 billion for the quarter, compared to analysts’ expectations of $16.44 billion. PepsiCo had a return on equity of 59.50% and a net margin of 19.59%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.61 EPS. On average, equities analysts predict that PepsiCo, Inc. will post 5.51 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be given a $0.955 dividend. The ex-dividend date is Thursday, September 5th. This represents a $3.82 annualized dividend and a yield of 2.99%. PepsiCo’s dividend payout ratio (DPR) is presently 67.49%.
PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its 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 Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.
Read More: Dead Cat Bounce
Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP).
Receive News & Ratings for PepsiCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo and related companies with MarketBeat.com's FREE daily email newsletter.