MJP Associates Inc. ADV Grows Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

MJP Associates Inc. ADV increased its holdings in PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 25.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,839 shares of the company’s stock after buying an additional 1,404 shares during the period. MJP Associates Inc. ADV’s holdings in PepsiCo were worth $1,140,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cordant Inc. purchased a new position in PepsiCo in the 1st quarter valued at about $27,000. Landmark Wealth Management LLC purchased a new position in PepsiCo in the 1st quarter valued at about $29,000. Strategic Asset Management LLC lifted its holdings in PepsiCo by 53.3% in the 1st quarter. Strategic Asset Management LLC now owns 276 shares of the company’s stock valued at $46,000 after purchasing an additional 96 shares in the last quarter. Retirement Group LLC lifted its holdings in PepsiCo by 100.0% in the 1st quarter. Retirement Group LLC now owns 322 shares of the company’s stock valued at $54,000 after purchasing an additional 161 shares in the last quarter. Finally, Lansing Street Advisors acquired a new position in shares of PepsiCo during the 1st quarter valued at about $58,000. 71.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Ramkumar Krishnan sold 3,433 shares of the stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $174.83, for a total transaction of $600,191.39. Following the completion of the transaction, the chief executive officer now directly owns 50,577 shares in the company, valued at approximately $8,842,376.91. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Steven C. Williams sold 1,753 shares of the firm’s stock in a transaction on Friday, July 15th. The stock was sold at an average price of $171.18, for a total transaction of $300,078.54. Following the transaction, the chief executive officer now directly owns 70,892 shares in the company, valued at $12,135,292.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ramkumar Krishnan sold 3,433 shares of the firm’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $174.83, for a total value of $600,191.39. Following the transaction, the chief executive officer now owns 50,577 shares in the company, valued at $8,842,376.91. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Credit Suisse Group upped their price objective on shares of PepsiCo from $168.00 to $170.00 and gave the company a “neutral” rating in a research note on Wednesday, July 13th. Barclays dropped their price objective on shares of PepsiCo from $187.00 to $183.00 and set an “overweight” rating for the company in a research note on Wednesday, July 6th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of PepsiCo from $175.00 to $178.00 and gave the company a “hold” rating in a research note on Thursday, July 7th. JPMorgan Chase & Co. dropped their price objective on shares of PepsiCo from $186.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, July 6th. Finally, UBS Group dropped their target price on shares of PepsiCo from $190.00 to $182.00 and set a “buy” rating for the company in a research report on Tuesday, June 21st. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, PepsiCo has an average rating of “Moderate Buy” and a consensus price target of $182.00.

PepsiCo Stock Up 0.7 %

Shares of NASDAQ:PEP opened at $166.97 on Monday. The company has a quick ratio of 0.64, a current ratio of 0.83 and a debt-to-equity ratio of 1.78. PepsiCo, Inc. has a 52-week low of $149.48 and a 52-week high of $181.07. The company has a 50 day moving average of $173.45 and a two-hundred day moving average of $170.50. The company has a market capitalization of $230.40 billion, a price-to-earnings ratio of 25.15, a price-to-earnings-growth ratio of 3.27 and a beta of 0.55.

PepsiCo (NASDAQ:PEPGet Rating) last issued its quarterly earnings data on Tuesday, July 12th. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.13. PepsiCo had a net margin of 11.28% and a return on equity of 52.01%. The company had revenue of $20.23 billion during the quarter, compared to the consensus estimate of $19.51 billion. During the same quarter last year, the company earned $1.72 earnings per share. PepsiCo’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, analysts forecast that PepsiCo, Inc. will post 6.66 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 2nd will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend is Thursday, September 1st. PepsiCo’s dividend payout ratio (DPR) is currently 69.28%.

About PepsiCo

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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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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