RBA Wealth Management LLC Has $4.28 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

RBA Wealth Management LLC boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 2.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 25,699 shares of the company’s stock after acquiring an additional 717 shares during the period. PepsiCo accounts for 2.4% of RBA Wealth Management LLC’s portfolio, making the stock its 11th largest position. RBA Wealth Management LLC’s holdings in PepsiCo were worth $4,283,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Cordant Inc. acquired a new stake in PepsiCo during the 1st quarter worth $27,000. Strategic Asset Management LLC grew its holdings in shares of PepsiCo by 53.3% in the 1st quarter. Strategic Asset Management LLC now owns 276 shares of the company’s stock valued at $46,000 after buying an additional 96 shares during the period. Landmark Wealth Management LLC acquired a new position in shares of PepsiCo in the 1st quarter valued at $29,000. Retirement Group LLC grew its holdings in shares of PepsiCo by 100.0% in the 1st quarter. Retirement Group LLC now owns 322 shares of the company’s stock valued at $54,000 after buying an additional 161 shares during the period. Finally, Lansing Street Advisors acquired a new position in shares of PepsiCo in the 1st quarter valued at $58,000. Institutional investors and hedge funds own 71.38% of the company’s stock.

Insider Transactions at PepsiCo

In related 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 transaction, the chief executive officer now owns 50,577 shares in the company, valued at approximately $8,842,376.91. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related 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 transaction, the chief executive officer now owns 50,577 shares in the company, valued at approximately $8,842,376.91. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 transaction of $300,078.54. Following the completion of the transaction, the chief executive officer now 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 owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Barclays decreased their price target on shares of PepsiCo from $187.00 to $183.00 and set an “overweight” rating for the company in a report on Wednesday, July 6th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of PepsiCo from $175.00 to $178.00 and gave the company a “hold” rating in a report on Thursday, July 7th. Credit Suisse Group boosted their price objective on shares of PepsiCo from $168.00 to $170.00 and gave the company a “neutral” rating in a research report on Wednesday, July 13th. JPMorgan Chase & Co. cut their price objective on shares of PepsiCo from $186.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 6th. Finally, UBS Group cut their price objective 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 investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $182.00.

PepsiCo Stock Up 0.7 %

PepsiCo stock opened at $166.97 on Monday. The firm has a market capitalization of $230.40 billion, a PE ratio of 25.15, a P/E/G ratio of 3.27 and a beta of 0.55. The company’s 50-day moving average is $173.45 and its 200-day moving average is $170.50. PepsiCo, Inc. has a fifty-two week low of $149.48 and a fifty-two week high of $181.07. 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 (NASDAQ:PEPGet Rating) last released its quarterly earnings data on Tuesday, July 12th. The company reported $1.86 earnings per share for the quarter, topping 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%. PepsiCo’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.72 EPS. Sell-side analysts anticipate that PepsiCo, Inc. will post 6.66 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 2nd will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $4.60 annualized dividend and a dividend 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.

See Also

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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