Smith Anglin Financial LLC Acquires 283 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Smith Anglin Financial LLC lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 3.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,815 shares of the company’s stock after acquiring an additional 283 shares during the period. Smith Anglin Financial LLC’s holdings in PepsiCo were worth $1,308,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cordant Inc. bought a new stake in shares of PepsiCo during the first quarter worth about $27,000. Life Planning Partners Inc bought a new stake in shares of PepsiCo during the fourth quarter worth about $35,000. Strategic Asset Management LLC increased its position in shares of PepsiCo by 53.3% during 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 1st quarter worth about $29,000. Finally, Retirement Group LLC grew its position in PepsiCo by 100.0% in the 1st quarter. Retirement Group LLC now owns 322 shares of the company’s stock worth $54,000 after purchasing an additional 161 shares in the last quarter. 71.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company reduced 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 report on Tuesday, June 21st. UBS Group reduced their price objective on shares of PepsiCo from $190.00 to $182.00 and set a “buy” rating for the company in a research report on Tuesday, June 21st. JPMorgan Chase & Co. reduced their price objective on shares of PepsiCo from $186.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, July 6th. Credit Suisse Group upped their price objective 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. Finally, Barclays dropped their target price 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. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to 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 related news, CEO Ramkumar Krishnan sold 3,433 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $174.83, for a total transaction of $600,191.39. Following the sale, the chief executive officer now owns 50,577 shares of the company’s stock, valued at approximately $8,842,376.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Ramkumar Krishnan sold 3,433 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $174.83, for a total transaction of $600,191.39. Following the sale, the chief executive officer now owns 50,577 shares of the company’s stock, valued at approximately $8,842,376.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Steven C. Williams sold 1,753 shares of the 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 completion of the transaction, the chief executive officer now directly owns 70,892 shares in the company, valued at approximately $12,135,292.56. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by insiders.

PepsiCo Stock Performance

Shares of PEP stock opened at $173.22 on Friday. The stock has a market capitalization of $239.03 billion, a P/E ratio of 26.09, a PEG ratio of 3.39 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 50 day moving average is $173.62 and its 200 day moving average is $170.68. PepsiCo, Inc. has a 12 month low of $149.48 and a 12 month high of $181.07.

PepsiCo (NASDAQ:PEPGet Rating) last announced its quarterly earnings results on Tuesday, July 12th. The company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.13. The company had revenue of $20.23 billion for the quarter, compared to analysts’ expectations of $19.51 billion. PepsiCo had a net margin of 11.28% and a return on equity of 52.01%. PepsiCo’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.72 EPS. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 6.66 earnings per share for the current year.

PepsiCo Dividend Announcement

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

PepsiCo Company Profile

(Get Rating)

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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