PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Barrett Asset Management LLC

Barrett Asset Management LLC increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 0.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 222,264 shares of the company’s stock after acquiring an additional 1,446 shares during the quarter. PepsiCo comprises approximately 1.6% of Barrett Asset Management LLC’s portfolio, making the stock its 23rd largest holding. Barrett Asset Management LLC’s holdings in PepsiCo were worth $37,202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of PEP. Regal Investment Advisors LLC raised its stake in PepsiCo by 1.9% during the 4th quarter. Regal Investment Advisors LLC now owns 16,081 shares of the company’s stock worth $2,793,000 after acquiring an additional 302 shares in the last quarter. Vaughan David Investments LLC IL increased its stake in PepsiCo by 0.4% in the fourth quarter. Vaughan David Investments LLC IL now owns 256,469 shares of the company’s stock valued at $44,551,000 after purchasing an additional 1,023 shares during the period. Roundview Capital LLC increased its stake in PepsiCo by 1.4% in the fourth quarter. Roundview Capital LLC now owns 40,541 shares of the company’s stock valued at $7,042,000 after purchasing an additional 554 shares during the period. Summitry LLC acquired a new position in PepsiCo in the fourth quarter valued at $719,000. Finally, L2 Asset Management LLC acquired a new position in PepsiCo in the fourth quarter valued at $347,000. 71.38% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Up 0.3 %

PEP stock opened at $173.22 on Friday. The company has a market cap of $239.03 billion, a P/E ratio of 26.09, a P/E/G ratio of 3.38 and a beta of 0.55. PepsiCo, Inc. has a 52 week low of $149.48 and a 52 week high of $181.07. The company’s 50-day moving average price is $173.62 and its 200 day moving average price is $170.68. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.78.

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

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 2nd will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend is Thursday, September 1st. PepsiCo’s dividend payout ratio is currently 69.28%.

Analyst Ratings Changes

A number of research firms have commented on PEP. Barclays dropped their price objective on shares of PepsiCo from $187.00 to $183.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 6th. Wells Fargo & Company dropped their price objective on shares of PepsiCo from $175.00 to $172.00 and set an “equal weight” rating on the stock 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 on the stock in a research note on Tuesday, June 21st. Credit Suisse Group lifted their target price on shares of PepsiCo from $168.00 to $170.00 and gave the company a “neutral” rating in a report on Wednesday, July 13th. Finally, JPMorgan Chase & Co. lowered their target price on shares of PepsiCo from $186.00 to $185.00 and set an “overweight” rating on the stock in a report on Wednesday, July 6th. Five investment 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.com, PepsiCo presently has an average rating of “Moderate Buy” and an average price target of $182.00.

Insider Buying and Selling

In other PepsiCo news, CEO Ramkumar Krishnan sold 3,433 shares of the company’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $174.83, for a total value of $600,191.39. Following the sale, the chief executive officer now owns 50,577 shares of the company’s stock, valued at $8,842,376.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other PepsiCo news, CEO Steven C. Williams sold 1,753 shares of the company’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 sale, the chief executive officer now owns 70,892 shares of the company’s stock, valued at $12,135,292.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ramkumar Krishnan sold 3,433 shares of the company’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $174.83, for a total transaction of $600,191.39. Following the completion of the sale, the chief executive officer now directly owns 50,577 shares in the company, valued at approximately $8,842,376.91. The disclosure for this sale can be found here. 0.12% of the stock is owned by 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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