Moreno Evelyn V raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 0.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,762 shares of the company’s stock after acquiring an additional 306 shares during the period. PepsiCo makes up about 2.3% of Moreno Evelyn V’s portfolio, making the stock its 21st biggest holding. Moreno Evelyn V’s holdings in PepsiCo were worth $7,443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Personal Wealth Partners acquired a new position in PepsiCo in the 2nd quarter worth about $25,000. Evolution Wealth Advisors LLC acquired a new position in PepsiCo in the 2nd quarter worth about $27,000. Financial Advantage Inc. acquired a new position in PepsiCo in the 2nd quarter worth about $28,000. 1 North Wealth Services LLC acquired a new position in PepsiCo in the 4th quarter worth about $39,000. Finally, Financial Gravity Companies Inc. acquired a new position in PepsiCo in the 4th quarter worth about $41,000. 71.26% of the stock is owned by hedge funds and other institutional investors.
In related news, CEO Steven C. Williams sold 2,420 shares of the company’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $133.95, for a total transaction of $324,159.00. Following the sale, the chief executive officer now owns 54,920 shares in the company, valued at approximately $7,356,534. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Kirk Tanner sold 9,573 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $128.15, for a total value of $1,226,779.95. Following the sale, the chief executive officer now owns 105,350 shares in the company, valued at approximately $13,500,602.50. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.
Shares of NASDAQ PEP traded up $1.04 during trading on Friday, reaching $131.76. The company had a trading volume of 3,405,000 shares, compared to its average volume of 4,692,517. The company’s fifty day moving average price is $130.78 and its 200-day moving average price is $125.26. PepsiCo, Inc. has a 12 month low of $104.53 and a 12 month high of $135.24. The stock has a market cap of $180.53 billion, a P/E ratio of 23.28, a PEG ratio of 3.35 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 released its quarterly 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 firm had revenue of $16.45 billion for the quarter, compared to analyst estimates of $16.44 billion. During the same quarter in the previous year, the company posted $1.61 EPS. The business’s revenue was up 2.2% on a year-over-year basis. As a group, equities analysts predict that PepsiCo, Inc. will post 5.51 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders 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 2.90%. PepsiCo’s dividend payout ratio (DPR) is presently 67.49%.
A number of equities analysts have issued reports on PEP shares. Morgan Stanley upped their target price on PepsiCo from $137.00 to $143.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. BidaskClub raised PepsiCo from a “hold” rating to a “buy” rating in a report on Thursday, August 8th. Royal Bank of Canada set a $115.00 target price on PepsiCo and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Bank of America upped their target price on PepsiCo from $135.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Finally, Cowen upped their target price on PepsiCo from $142.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $129.35.
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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