Highlander Capital Management LLC Cuts Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Highlander Capital Management LLC decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 1.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,474 shares of the company’s stock after selling 150 shares during the period. PepsiCo makes up approximately 1.1% of Highlander Capital Management LLC’s investment portfolio, making the stock its 20th biggest position. Highlander Capital Management LLC’s holdings in PepsiCo were worth $2,255,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Life Planning Partners Inc purchased a new position in PepsiCo in the fourth quarter worth about $35,000. Leverty Financial Group LLC purchased a new position in PepsiCo in the fourth quarter worth about $38,000. Strategic Asset Management LLC grew its position in PepsiCo by 53.3% in the first quarter. Strategic Asset Management LLC now owns 276 shares of the company’s stock worth $46,000 after acquiring an additional 96 shares in the last quarter. Landmark Wealth Management LLC bought a new stake in PepsiCo in the first quarter worth about $29,000. Finally, Masso Torrence Wealth Management Inc. bought a new stake in PepsiCo in the fourth quarter worth about $56,000. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Insider Buying and Selling at PepsiCo

In other news, CEO Eugene Willemsen sold 4,560 shares of the business’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of $175.61, for a total value of $800,781.60. Following the sale, the chief executive officer now owns 8,277 shares of the company’s stock, valued at approximately $1,453,523.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Eugene Willemsen sold 4,560 shares of PepsiCo stock in a transaction on Monday, May 16th. The stock was sold at an average price of $175.61, for a total transaction of $800,781.60. Following the transaction, the chief executive officer now owns 8,277 shares in the company, valued at $1,453,523.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Steven C. Williams sold 1,753 shares of the business’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $171.18, for a total value of $300,078.54. Following the completion of the transaction, the chief executive officer now owns 70,892 shares in the company, valued at approximately $12,135,292.56. The disclosure for this sale can be found here. Insiders have sold 14,896 shares of company stock valued at $2,602,868 in the last quarter. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on PEP shares. Barclays decreased 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 raised their price objective on shares of PepsiCo from $175.00 to $178.00 and gave the stock a “hold” rating in a research note on Thursday, July 7th. Guggenheim lifted their price target on shares of PepsiCo from $188.00 to $193.00 in a research note on Wednesday, April 27th. Citigroup lifted their price target on shares of PepsiCo from $194.00 to $198.00 in a research note on Wednesday, April 27th. Finally, UBS Group decreased their price target 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. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $182.00.

PepsiCo Price Performance

NASDAQ PEP opened at $174.55 on Friday. PepsiCo, Inc. has a 12-month low of $149.48 and a 12-month high of $177.69. The firm has a market capitalization of $240.86 billion, a P/E ratio of 26.29, a P/E/G ratio of 3.45 and a beta of 0.55. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.78. The firm’s fifty day simple moving average is $167.65 and its two-hundred day simple moving average is $169.53.

PepsiCo (NASDAQ:PEPGet Rating) last released its quarterly earnings data on Tuesday, July 12th. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.13. PepsiCo had a return on equity of 52.01% and a net margin of 11.28%. The business had revenue of $20.23 billion during the quarter, compared to analyst estimates of $19.51 billion. During the same quarter in the previous year, the firm posted $1.72 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. Analysts forecast that PepsiCo, Inc. will post 6.65 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders 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 yield of 2.64%. The ex-dividend date is Thursday, September 1st. PepsiCo’s payout ratio is currently 69.28%.

PepsiCo Profile

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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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