Regentatlantic Capital LLC Increases Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Regentatlantic Capital LLC increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 53.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,684 shares of the company’s stock after buying an additional 7,920 shares during the quarter. Regentatlantic Capital LLC’s holdings in PepsiCo were worth $2,975,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in PEP. Laurel Wealth Advisors Inc. grew its stake in PepsiCo by 1.3% during the 1st quarter. Laurel Wealth Advisors Inc. now owns 23,826 shares of the company’s stock valued at $2,920,000 after purchasing an additional 296 shares during the last quarter. Lau Associates LLC lifted its holdings in shares of PepsiCo by 7.6% in the 4th quarter. Lau Associates LLC now owns 57,455 shares of the company’s stock valued at $6,348,000 after buying an additional 4,035 shares during the period. CenturyLink Investment Management Co lifted its holdings in shares of PepsiCo by 41.5% in the 2nd quarter. CenturyLink Investment Management Co now owns 17,769 shares of the company’s stock valued at $2,330,000 after buying an additional 5,209 shares during the period. Dixon Hubard Feinour & Brown Inc. VA lifted its holdings in shares of PepsiCo by 0.8% in the 1st quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 26,334 shares of the company’s stock valued at $3,227,000 after buying an additional 207 shares during the period. Finally, NEXT Financial Group Inc lifted its holdings in shares of PepsiCo by 160.5% in the 2nd quarter. NEXT Financial Group Inc now owns 13,287 shares of the company’s stock valued at $1,742,000 after buying an additional 8,187 shares during the period. Hedge funds and other institutional investors own 71.18% of the company’s stock.

Several brokerages have recently issued reports on PEP. Cowen boosted their price objective on PepsiCo from $142.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, July 10th. Bank of America upped their price target on PepsiCo from $135.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. UBS Group upped their price target on PepsiCo from $130.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. Royal Bank of Canada set a $115.00 price target on PepsiCo and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Finally, BidaskClub cut PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the company. PepsiCo presently has a consensus rating of “Hold” and a consensus price target of $129.35.

In other 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 completion of the sale, the chairman now directly owns 232,394 shares in the company, valued at $30,078,755.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 sale, the chief executive officer now owns 54,920 shares of the company’s stock, valued at $7,356,534. The disclosure for this sale can be found here. 0.28% of the stock is owned by corporate insiders.

Shares of PepsiCo stock traded down $1.33 during mid-day trading on Monday, reaching $126.59. 1,188,540 shares of the stock traded hands, compared to its average volume of 4,646,821. The company has a 50-day moving average price of $132.05. PepsiCo, Inc. has a fifty-two week low of $104.53 and a fifty-two week high of $135.24. The stock has a market capitalization of $178.85 billion, a PE ratio of 22.37, a PEG ratio of 3.32 and a beta of 0.60. The company has a quick ratio of 0.66, a current ratio of 0.86 and a debt-to-equity ratio of 1.97.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, July 9th. The company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.05. PepsiCo had a return on equity of 59.50% and a net margin of 19.59%. The business had revenue of $16.45 billion during the quarter, compared to analysts’ expectations of $16.44 billion. During the same quarter in the prior year, the firm earned $1.61 earnings per share. The business’s revenue was up 2.2% compared to the same quarter last year. As a group, analysts forecast that PepsiCo, Inc. will post 5.51 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be given a $0.955 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $3.82 dividend on an annualized basis and a dividend yield of 3.02%. PepsiCo’s dividend payout ratio (DPR) is presently 67.49%.

PepsiCo Company Profile

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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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