180 Wealth Advisors LLC Sells 615 Shares of PepsiCo, Inc. (NASDAQ:PEP)

180 Wealth Advisors LLC lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 22.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,173 shares of the company’s stock after selling 615 shares during the quarter. 180 Wealth Advisors LLC’s holdings in PepsiCo were worth $368,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cordant Inc. bought a new stake in PepsiCo during the first quarter valued at about $27,000. Landmark Wealth Management LLC bought a new stake in shares of PepsiCo in the 1st quarter valued at about $29,000. Strategic Asset Management LLC grew its position in shares of PepsiCo by 53.3% in the 1st quarter. Strategic Asset Management LLC now owns 276 shares of the company’s stock worth $46,000 after buying an additional 96 shares during the last quarter. Retirement Group LLC raised its stake in shares of PepsiCo by 100.0% during the 1st quarter. Retirement Group LLC now owns 322 shares of the company’s stock worth $54,000 after acquiring an additional 161 shares in the last quarter. Finally, Lansing Street Advisors purchased a new stake in PepsiCo during the first quarter valued at approximately $58,000. 71.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at PepsiCo

In related news, CEO Steven C. Williams sold 1,753 shares of the stock in a transaction on Friday, July 15th. The shares were sold at an average price of $171.18, for a total transaction of $300,078.54. Following the sale, the chief executive officer now directly 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 is accessible through this link. 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 completion of the transaction, the chief executive officer now owns 70,892 shares in the company, valued at $12,135,292.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Ramkumar Krishnan sold 3,433 shares of the firm’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 in the company, valued at $8,842,376.91. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

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

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $166.97 on Monday. The company has a 50 day simple moving average of $173.45 and a two-hundred day simple moving average of $170.50. The stock has a market cap of $230.40 billion, a price-to-earnings ratio of 25.15, a PEG ratio of 3.27 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. PepsiCo, Inc. has a 12 month low of $149.48 and a 12 month high of $181.07.

PepsiCo (NASDAQ:PEPGet Rating) last posted its quarterly earnings results on Tuesday, July 12th. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.73 by $0.13. The company had revenue of $20.23 billion for 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%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.72 earnings per share. As a group, analysts predict that PepsiCo, Inc. will post 6.66 earnings per share for the current year.

PepsiCo Dividend Announcement

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

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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