Foundations Investment Advisors LLC Buys 4,081 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Foundations Investment Advisors LLC raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 142.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,942 shares of the company’s stock after purchasing an additional 4,081 shares during the period. Foundations Investment Advisors LLC’s holdings in PepsiCo were worth $1,185,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of PEP. SevenBridge Financial Group LLC grew its holdings in PepsiCo by 77.7% during the 1st quarter. SevenBridge Financial Group LLC now owns 35,990 shares of the company’s stock worth $6,024,000 after acquiring an additional 15,740 shares during the period. First American Trust FSB grew its holdings in PepsiCo by 9.0% during the 1st quarter. First American Trust FSB now owns 4,817 shares of the company’s stock worth $806,000 after acquiring an additional 398 shares during the period. Tiedemann Advisors LLC grew its holdings in PepsiCo by 2.8% during the 1st quarter. Tiedemann Advisors LLC now owns 12,383 shares of the company’s stock worth $2,072,000 after acquiring an additional 338 shares during the period. Wilbanks Smith & Thomas Asset Management LLC grew its holdings in PepsiCo by 9.3% during the 1st quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 119,347 shares of the company’s stock worth $20,049,000 after acquiring an additional 10,179 shares during the period. Finally, Osher Van de Voorde Investment Management grew its holdings in PepsiCo by 3.1% during the 1st quarter. Osher Van de Voorde Investment Management now owns 101,725 shares of the company’s stock worth $17,027,000 after acquiring an additional 3,065 shares during the period. 71.38% of the stock is owned by institutional investors.

PepsiCo Price Performance

PEP stock opened at $166.97 on Friday. The company has a market capitalization of $230.40 billion, a P/E ratio of 25.15, a price-to-earnings-growth ratio of 3.27 and a beta of 0.55. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.64 and a current ratio of 0.83. PepsiCo, Inc. has a 52-week low of $149.48 and a 52-week high of $181.07. The business has a 50-day simple moving average of $173.45 and a two-hundred day simple moving average of $170.51.

PepsiCo (NASDAQ:PEPGet Rating) last released its quarterly earnings results 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 the consensus estimate of $19.51 billion. During the same quarter in the previous year, the business earned $1.72 EPS. The company’s quarterly revenue was up 5.2% on a year-over-year basis. Research analysts expect that PepsiCo, Inc. will post 6.66 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 2nd will be given a dividend of $1.15 per share. The ex-dividend date is Thursday, September 1st. This represents a $4.60 annualized dividend and a dividend yield of 2.75%. PepsiCo’s dividend payout ratio is currently 69.28%.

Analysts Set New Price Targets

A number of analysts have weighed in on PEP shares. Deutsche Bank Aktiengesellschaft increased their price target on PepsiCo from $175.00 to $178.00 and gave the stock a “hold” rating in a report on Thursday, July 7th. Wells Fargo & Company reduced their target price on PepsiCo from $175.00 to $172.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 21st. UBS Group reduced their target price on PepsiCo from $190.00 to $182.00 and set a “buy” rating for the company in a research note on Tuesday, June 21st. Credit Suisse Group raised their target price on PepsiCo from $168.00 to $170.00 and gave the company a “neutral” rating in a research note on Wednesday, July 13th. Finally, Barclays reduced their target price on PepsiCo from $187.00 to $183.00 and set an “overweight” rating for the company in a research note on Wednesday, July 6th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, PepsiCo has an average rating of “Moderate Buy” and an average price target of $182.00.

Insiders Place Their Bets

In other PepsiCo news, CEO Ramkumar Krishnan sold 3,433 shares of PepsiCo 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 transaction, 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 SEC, which is available through this link. In related news, CEO Ramkumar Krishnan sold 3,433 shares of PepsiCo stock in a transaction that occurred on 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 approximately $8,842,376.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Steven C. Williams sold 1,753 shares of PepsiCo stock in a transaction that occurred 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 sale, 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. Insiders own 0.12% of the company’s stock.

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.

See Also

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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