PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Park Avenue Securities LLC

Park Avenue Securities LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,892 shares of the company’s stock after acquiring an additional 2,110 shares during the period. Park Avenue Securities LLC’s holdings in PepsiCo were worth $9,383,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale grew its position in PepsiCo by 16.5% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 2,604,254 shares of the company’s stock valued at $440,629,000 after purchasing an additional 368,469 shares in the last quarter. Arlington Trust Co LLC raised its stake in shares of PepsiCo by 155.8% during the 4th quarter. Arlington Trust Co LLC now owns 5,149 shares of the company’s stock worth $875,000 after purchasing an additional 3,136 shares in the last quarter. Callahan Advisors LLC lifted its holdings in shares of PepsiCo by 0.5% during the 4th quarter. Callahan Advisors LLC now owns 86,731 shares of the company’s stock valued at $14,730,000 after buying an additional 423 shares during the last quarter. Capital Management Associates Inc acquired a new position in PepsiCo in the fourth quarter worth approximately $223,000. Finally, 180 Wealth Advisors LLC raised its position in PepsiCo by 286.9% during the fourth quarter. 180 Wealth Advisors LLC now owns 16,128 shares of the company’s stock valued at $2,789,000 after acquiring an additional 11,959 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other PepsiCo news, CEO Ramkumar Krishnan sold 5,620 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the sale, the chief executive officer now directly owns 53,953 shares of the company’s stock, valued at $9,603,634. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.15% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on PEP shares. BNP Paribas initiated coverage on shares of PepsiCo in a research note on Monday, June 24th. They set a “neutral” rating and a $174.00 price target on the stock. Wedbush restated an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a report on Tuesday, April 23rd. Morgan Stanley decreased their price target on PepsiCo from $190.00 to $185.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. Barclays boosted their target price on PepsiCo from $179.00 to $187.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Finally, TD Cowen lowered their price target on PepsiCo from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Wednesday, July 3rd. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and a consensus target price of $185.53.

PepsiCo Stock Performance

PEP stock traded down $0.70 during midday trading on Wednesday, hitting $171.79. The stock had a trading volume of 5,428,919 shares, compared to its average volume of 5,556,862. The firm has a market capitalization of $235.97 billion, a price-to-earnings ratio of 24.93, a P/E/G ratio of 3.02 and a beta of 0.52. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.87. The stock has a 50-day simple moving average of $168.05 and a 200 day simple moving average of $170.26. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $187.48.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Thursday, July 11th. The company reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.12. The business had revenue of $22.50 billion for the quarter, compared to analysts’ expectations of $22.59 billion. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.09 earnings per share. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be issued a dividend of $1.355 per share. The ex-dividend date is Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.16%. PepsiCo’s payout ratio is presently 78.66%.

About PepsiCo

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of 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.