WealthTrust Arizona LLC Grows Position in PepsiCo, Inc. (PEP)

WealthTrust Arizona LLC grew its stake in PepsiCo, Inc. (NASDAQ:PEP) by 268.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,106 shares of the company’s stock after acquiring an additional 806 shares during the quarter. WealthTrust Arizona LLC’s holdings in PepsiCo were worth $124,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in PEP. IFP Advisors Inc raised its stake in shares of PepsiCo by 1.2% in the second quarter. IFP Advisors Inc now owns 36,628 shares of the company’s stock worth $3,988,000 after purchasing an additional 443 shares during the last quarter. Heritage Way Advisors LLC raised its stake in shares of PepsiCo by 2.6% in the second quarter. Heritage Way Advisors LLC now owns 17,575 shares of the company’s stock worth $1,913,000 after purchasing an additional 450 shares during the last quarter. R.M.SINCERBEAUX Capital Management LLC raised its stake in shares of PepsiCo by 22.5% in the second quarter. R.M.SINCERBEAUX Capital Management LLC now owns 2,450 shares of the company’s stock worth $267,000 after purchasing an additional 450 shares during the last quarter. Edgemoor Investment Advisors Inc. raised its stake in shares of PepsiCo by 6.7% in the second quarter. Edgemoor Investment Advisors Inc. now owns 7,214 shares of the company’s stock worth $785,000 after purchasing an additional 450 shares during the last quarter. Finally, Sigma Planning Corp raised its stake in shares of PepsiCo by 1.4% in the second quarter. Sigma Planning Corp now owns 32,120 shares of the company’s stock worth $3,497,000 after purchasing an additional 450 shares during the last quarter. 70.58% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo stock opened at $115.82 on Friday. The firm has a market cap of $164.93 billion, a P/E ratio of 22.15, a PEG ratio of 2.92 and a beta of 0.60. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.31 and a quick ratio of 1.15. PepsiCo, Inc. has a one year low of $95.94 and a one year high of $122.51.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, October 2nd. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. The company had revenue of $16.49 billion during the quarter, compared to analysts’ expectations of $16.38 billion. PepsiCo had a return on equity of 73.27% and a net margin of 7.66%. PepsiCo’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.48 earnings per share. As a group, research analysts anticipate that PepsiCo, Inc. will post 5.65 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 7th. Investors of record on Friday, December 7th will be given a dividend of $0.9275 per share. This represents a $3.71 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Thursday, December 6th. PepsiCo’s dividend payout ratio (DPR) is presently 70.94%.

PEP has been the subject of several recent analyst reports. BMO Capital Markets decreased their price target on PepsiCo from $110.00 to $109.00 and set a “market perform” rating for the company in a research note on Wednesday, October 3rd. Macquarie cut PepsiCo from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $122.00 to $107.00 in a research note on Friday, October 5th. Susquehanna Bancshares decreased their price target on PepsiCo from $136.00 to $135.00 and set a “positive” rating for the company in a research note on Friday, September 28th. Morgan Stanley restated an “overweight” rating on shares of PepsiCo in a research note on Friday, October 5th. Finally, Goldman Sachs Group restated a “sell” rating and issued a $108.00 price target on shares of PepsiCo in a research note on Monday, August 20th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $117.89.

In other PepsiCo news, CEO Mike Spanos sold 20,074 shares of the company’s stock in a transaction dated Wednesday, October 31st. The stock was sold at an average price of $112.42, for a total value of $2,256,719.08. Following the completion of the sale, the chief executive officer now owns 35,520 shares in the company, valued at $3,993,158.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Mehmood Khan sold 168,295 shares of the company’s stock in a transaction dated Tuesday, October 23rd. The stock was sold at an average price of $110.12, for a total value of $18,532,645.40. Following the completion of the sale, the executive vice president now owns 173,702 shares of the company’s stock, valued at approximately $19,128,064.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 205,893 shares of company stock valued at $22,663,157. 0.27% of the stock is owned by company insiders.

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About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's 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 brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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