PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP – Get Rating) by 6.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,713 shares of the company’s stock after selling 2,034 shares during the quarter. Great Lakes Advisors LLC’s holdings in PepsiCo were worth $5,308,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Qube Research & Technologies Ltd raised its stake in PepsiCo by 544.7% in the 4th quarter. Qube Research & Technologies Ltd now owns 225,477 shares of the company’s stock valued at $39,168,000 after purchasing an additional 190,503 shares during the last quarter. Aurora Private Wealth Inc. acquired a new position in PepsiCo in the 4th quarter valued at $227,000. Oak Family Advisors LLC acquired a new position in PepsiCo in the 4th quarter valued at $238,000. Clarius Group LLC raised its stake in PepsiCo by 2.3% in the 4th quarter. Clarius Group LLC now owns 14,118 shares of the company’s stock valued at $2,452,000 after purchasing an additional 323 shares during the last quarter. Finally, Sigma Planning Corp raised its stake in PepsiCo by 3.5% in the 4th quarter. Sigma Planning Corp now owns 46,989 shares of the company’s stock valued at $8,162,000 after purchasing an additional 1,597 shares during the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Performance

NASDAQ PEP opened at $174.55 on Friday. The stock has a market cap of $240.86 billion, a PE ratio of 26.29, a P/E/G ratio of 3.45 and a beta of 0.55. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.78. PepsiCo, Inc. has a twelve month low of $149.48 and a twelve month high of $177.69. The stock has a fifty day simple moving average of $167.65 and a 200-day simple moving average of $169.53.

PepsiCo (NASDAQ:PEP – Get Rating) last announced its earnings results on Tuesday, July 12th. The company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.13. PepsiCo had a return on equity of 52.01% and a net margin of 11.28%. The company had revenue of $20.23 billion during the quarter, compared to analysts’ expectations of $19.51 billion. During the same period last year, the business posted $1.72 EPS. PepsiCo’s revenue for the quarter was up 5.2% on a year-over-year basis. Equities analysts anticipate that PepsiCo, Inc. will post 6.65 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 2nd will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date is Thursday, September 1st. PepsiCo’s dividend payout ratio (DPR) is 69.28%.

Analyst Ratings Changes

PEP has been the subject of several recent research reports. Citigroup increased their price objective on PepsiCo from $194.00 to $198.00 in a research note on Wednesday, April 27th. Guggenheim upped their target price on PepsiCo from $188.00 to $193.00 in a report on Wednesday, April 27th. JPMorgan Chase & Co. dropped their target price on PepsiCo from $186.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, July 6th. Barclays dropped their target price on PepsiCo from $187.00 to $183.00 and set an “overweight” rating for the company in a report on Wednesday, July 6th. Finally, Wells Fargo & Company dropped their target price on PepsiCo from $175.00 to $172.00 and set an “equal weight” rating for the company in a report on Tuesday, June 21st. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $182.00.

Insider Activity at PepsiCo

In related news, CEO Steven C. Williams sold 1,753 shares of the firm’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $171.18, for a total transaction of $300,078.54. Following the completion of the transaction, the chief executive officer now directly owns 70,892 shares in the company, valued at approximately $12,135,292.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Steven C. Williams sold 1,753 shares of PepsiCo stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $171.18, for a total value of $300,078.54. Following the completion of the transaction, the chief executive officer now owns 70,892 shares in the company, valued at approximately $12,135,292.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Eugene Willemsen sold 4,560 shares of PepsiCo stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $175.61, for a total value of $800,781.60. Following the completion of the transaction, the chief executive officer now owns 8,277 shares of the company’s stock, valued at approximately $1,453,523.97. The disclosure for this sale can be found here. Insiders sold 14,896 shares of company stock worth $2,602,868 in the last three months. 0.12% of the stock is owned by company insiders.

PepsiCo Company Profile

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PepsiCo, Inc manufactures, markets, distributes, and sells various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.