Peloton Wealth Strategists Has $3.81 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

Peloton Wealth Strategists trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 1.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,755 shares of the company’s stock after selling 300 shares during the period. PepsiCo makes up approximately 1.6% of Peloton Wealth Strategists’ investment portfolio, making the stock its 25th largest position. Peloton Wealth Strategists’ holdings in PepsiCo were worth $3,809,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Ten Capital Wealth Advisors LLC boosted its stake in shares of PepsiCo by 37.5% in the 1st quarter. Ten Capital Wealth Advisors LLC now owns 1,800 shares of the company’s stock valued at $301,000 after purchasing an additional 491 shares in the last quarter. DT Investment Partners LLC acquired a new stake in shares of PepsiCo in the 1st quarter valued at approximately $579,000. Jackson Hole Capital Partners LLC boosted its stake in shares of PepsiCo by 1.8% in the 1st quarter. Jackson Hole Capital Partners LLC now owns 34,682 shares of the company’s stock valued at $5,805,000 after purchasing an additional 623 shares in the last quarter. First Long Island Investors LLC boosted its stake in shares of PepsiCo by 0.7% in the 1st quarter. First Long Island Investors LLC now owns 75,969 shares of the company’s stock valued at $12,716,000 after purchasing an additional 534 shares in the last quarter. Finally, Ulland Investment Advisors LLC boosted its stake in shares of PepsiCo by 23.4% in the 1st quarter. Ulland Investment Advisors LLC now owns 528 shares of the company’s stock valued at $88,000 after purchasing an additional 100 shares in the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Up 0.6 %

Shares of NASDAQ:PEP traded up $1.05 during mid-day trading on Tuesday, hitting $174.90. The company had a trading volume of 57,049 shares, compared to its average volume of 3,989,205. The firm has a fifty day moving average price of $167.69 and a 200 day moving average price of $169.65. The company has a market capitalization of $241.35 billion, a PE ratio of 26.34, a price-to-earnings-growth ratio of 3.43 and a beta of 0.55. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.83 and a quick ratio of 0.64. PepsiCo, Inc. has a one year low of $149.48 and a one year high of $177.69.

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

PepsiCo Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Thursday, September 1st. This represents a $4.60 dividend on an annualized basis and a yield of 2.63%. PepsiCo’s dividend payout ratio (DPR) is presently 69.28%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on PEP shares. JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $186.00 to $185.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 6th. Credit Suisse Group lifted their target price on shares of PepsiCo from $168.00 to $170.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 13th. Wells Fargo & Company cut their target price on shares of PepsiCo from $175.00 to $172.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 21st. Barclays cut their target price on shares of PepsiCo from $187.00 to $183.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 6th. Finally, UBS Group cut their target price on shares of PepsiCo from $190.00 to $182.00 and set a “buy” rating on the stock in a research report on Tuesday, June 21st. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $182.00.

Insider Buying and Selling at PepsiCo

In other PepsiCo news, EVP David Flavell sold 5,150 shares of the business’s stock in a transaction on Monday, May 16th. The shares were sold at an average price of $175.11, for a total transaction of $901,816.50. Following the completion of the sale, the executive vice president now owns 28,275 shares in the company, valued at approximately $4,951,235.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other PepsiCo news, CEO Eugene Willemsen sold 4,560 shares of PepsiCo stock in a transaction on Monday, May 16th. The shares were sold at an average price of $175.61, for a total transaction of $800,781.60. Following the transaction, the chief executive officer now directly owns 8,277 shares of the company’s stock, valued at approximately $1,453,523.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David Flavell sold 5,150 shares of PepsiCo stock in a transaction on Monday, May 16th. The stock was sold at an average price of $175.11, for a total transaction of $901,816.50. Following the transaction, the executive vice president now directly owns 28,275 shares in the company, valued at $4,951,235.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,896 shares of company stock worth $2,602,868. 0.12% of the stock is owned by corporate insiders.

PepsiCo Company 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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