Capital Investment Advisory Services LLC boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 41.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 5,608 shares of the company’s stock after purchasing an additional 1,650 shares during the period. Capital Investment Advisory Services LLC’s holdings in PepsiCo were worth $731,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of the stock. Gantzert Investment Co. LLC ADV acquired a new stake in PepsiCo in the fourth quarter valued at approximately $2,231,000. Buckingham Capital Management Inc. boosted its position in PepsiCo by 8.4% in the fourth quarter. Buckingham Capital Management Inc. now owns 35,608 shares of the company’s stock valued at $3,934,000 after buying an additional 2,755 shares in the last quarter. Dearborn Partners LLC boosted its position in PepsiCo by 0.7% in the fourth quarter. Dearborn Partners LLC now owns 86,936 shares of the company’s stock valued at $9,605,000 after buying an additional 598 shares in the last quarter. Roman Butler Fullerton & Co. acquired a new stake in PepsiCo in the fourth quarter valued at approximately $812,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of PepsiCo during the fourth quarter worth $1,063,000. Institutional investors and hedge funds own 71.51% of the company’s stock.
Several equities research analysts have recently commented on PEP shares. ValuEngine raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, August 27th. BMO Capital Markets reiterated an “average” rating and issued a $128.00 price objective on shares of PepsiCo in a research note on Wednesday, July 10th. Bank of America boosted their price target on shares of PepsiCo from $135.00 to $142.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Credit Suisse Group boosted their target price on shares of PepsiCo from $110.00 to $117.00 and gave the company an “underperform” rating in a report on Friday, September 6th. Finally, Argus reissued a “buy” rating on shares of PepsiCo in a report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $130.50.
Shares of PEP stock traded down $0.84 during trading hours on Friday, reaching $136.45. 474,435 shares of the stock were exchanged, compared to its average volume of 3,696,356. The company’s 50-day moving average price is $132.01 and its 200-day moving average price is $127.77. PepsiCo, Inc. has a 12-month low of $104.53 and a 12-month high of $139.18. The firm has a market capitalization of $189.96 billion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 3.53 and a beta of 0.56. The company has a current ratio of 0.86, a quick ratio of 0.66 and a debt-to-equity ratio of 1.97.
PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, July 9th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.05. The firm had revenue of $16.45 billion during the quarter, compared to analysts’ expectations of $16.44 billion. PepsiCo had a net margin of 19.59% and a return on equity of 59.50%. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.61 EPS. On average, sell-side analysts expect that PepsiCo, Inc. will post 5.51 EPS 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 paid a dividend of $0.955 per share. The ex-dividend date is Thursday, September 5th. This represents a $3.82 dividend on an annualized basis and a yield of 2.80%. PepsiCo’s payout ratio is 67.49%.
In other news, CEO Steven C. Williams sold 2,420 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 54,920 shares of the company’s stock, valued at approximately $7,356,534. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kirk Tanner sold 9,573 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $128.15, for a total transaction of $1,226,779.95. Following the sale, the chief executive officer now directly owns 105,350 shares in the company, valued at $13,500,602.50. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.
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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