PepsiCo, Inc. (NASDAQ:PEP) Position Lessened by Grand Jean Capital Management Inc.

Grand Jean Capital Management Inc. decreased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 3.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 66,263 shares of the company’s stock after selling 2,035 shares during the period. PepsiCo comprises 3.5% of Grand Jean Capital Management Inc.’s holdings, making the stock its 15th largest position. Grand Jean Capital Management Inc.’s holdings in PepsiCo were worth $8,689,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in PEP. Personal Wealth Partners bought a new stake in PepsiCo during the 2nd quarter valued at $25,000. Krane Funds Advisors LLC bought a new stake in shares of PepsiCo in the 2nd quarter worth $25,000. Evolution Wealth Advisors LLC bought a new stake in shares of PepsiCo in the 2nd quarter worth $27,000. Financial Advantage Inc. bought a new stake in shares of PepsiCo in the 2nd quarter worth $28,000. Finally, Mackey Komara & Dankovich LLC raised its stake in shares of PepsiCo by 199.0% in the 2nd quarter. Mackey Komara & Dankovich LLC now owns 858 shares of the company’s stock worth $38,000 after buying an additional 571 shares in the last quarter. 71.51% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Steven C. Williams sold 2,420 shares of PepsiCo stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $133.95, for a total transaction of $324,159.00. Following the transaction, the chief executive officer now owns 54,920 shares in the company, valued at $7,356,534. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kirk Tanner sold 9,573 shares of PepsiCo stock in a transaction on 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 transaction, 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 down $0.99 during mid-day trading on Friday, reaching $136.30. The company had a trading volume of 557,387 shares, compared to its average volume of 3,696,356. The company has a current ratio of 0.86, a quick ratio of 0.66 and a debt-to-equity ratio of 1.97. The stock has a market cap of $189.96 billion, a PE ratio of 24.08, a P/E/G ratio of 3.53 and a beta of 0.56. The company has a 50-day moving average price of $132.01 and a two-hundred day moving average price of $127.77. PepsiCo, Inc. has a 1-year low of $104.53 and a 1-year high of $139.18.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, July 9th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.61 EPS. On average, research analysts expect that PepsiCo, Inc. will post 5.51 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be issued a $0.955 dividend. This represents a $3.82 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Thursday, September 5th. PepsiCo’s payout ratio is 67.49%.

PEP has been the topic of a number of research reports. Cowen boosted their price objective on PepsiCo from $142.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 10th. ValuEngine raised PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, August 27th. Atlantic Securities initiated coverage on PepsiCo in a research note on Monday, July 29th. They issued an “overweight” rating and a $145.00 price objective on the stock. Credit Suisse Group boosted their price objective on PepsiCo from $110.00 to $117.00 and gave the stock an “underperform” rating in a research note on Friday, September 6th. Finally, Argus reissued a “buy” rating on shares of PepsiCo in a research note on Thursday, July 11th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company. PepsiCo presently has a consensus rating of “Buy” and a consensus price target of $130.50.

About PepsiCo

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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