PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by MJP Associates Inc. ADV

MJP Associates Inc. ADV lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 25.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,839 shares of the company’s stock after purchasing an additional 1,404 shares during the quarter. MJP Associates Inc. ADV’s holdings in PepsiCo were worth $1,140,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. SevenBridge Financial Group LLC boosted its position in shares of PepsiCo by 77.7% in the 1st quarter. SevenBridge Financial Group LLC now owns 35,990 shares of the company’s stock worth $6,024,000 after buying an additional 15,740 shares in the last quarter. First American Trust FSB lifted its holdings in PepsiCo by 9.0% in the 1st quarter. First American Trust FSB now owns 4,817 shares of the company’s stock valued at $806,000 after purchasing an additional 398 shares in the last quarter. Tiedemann Advisors LLC lifted its holdings in PepsiCo by 2.8% in the 1st quarter. Tiedemann Advisors LLC now owns 12,383 shares of the company’s stock valued at $2,072,000 after purchasing an additional 338 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC lifted its holdings in PepsiCo by 9.3% in the 1st quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 119,347 shares of the company’s stock valued at $20,049,000 after purchasing an additional 10,179 shares in the last quarter. Finally, Osher Van de Voorde Investment Management lifted its holdings in PepsiCo by 3.1% in the 1st quarter. Osher Van de Voorde Investment Management now owns 101,725 shares of the company’s stock valued at $17,027,000 after purchasing an additional 3,065 shares in the last quarter. 71.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, 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 transaction of $600,191.39. Following the transaction, the chief executive officer now directly owns 50,577 shares in the company, valued at $8,842,376.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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. Wells Fargo & Company dropped their price objective on shares of PepsiCo from $175.00 to $172.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 21st. UBS Group dropped their price objective on shares of PepsiCo from $190.00 to $182.00 and set a “buy” rating for the company in a research note on Tuesday, June 21st. 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, Deutsche Bank Aktiengesellschaft increased their target price on shares of PepsiCo from $175.00 to $178.00 and gave the stock a “hold” rating in a research report on Thursday, July 7th. 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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