PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Northstar Advisory Group LLC

Northstar Advisory Group LLC decreased its holdings in PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 88.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,245 shares of the company’s stock after selling 17,830 shares during the quarter. Northstar Advisory Group LLC’s holdings in PepsiCo were worth $374,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PEP. PFS Investments Inc. purchased a new position in PepsiCo during the 4th quarter worth approximately $225,000. Hilltop Holdings Inc. grew its position in PepsiCo by 0.8% during the 4th quarter. Hilltop Holdings Inc. now owns 8,761 shares of the company’s stock worth $1,522,000 after purchasing an additional 70 shares in the last quarter. Clark Capital Management Group Inc. grew its holdings in shares of PepsiCo by 19.4% during the 4th quarter. Clark Capital Management Group Inc. now owns 8,429 shares of the company’s stock valued at $1,464,000 after acquiring an additional 1,370 shares in the last quarter. Siemens Fonds Invest GmbH grew its holdings in shares of PepsiCo by 0.4% during the 4th quarter. Siemens Fonds Invest GmbH now owns 68,147 shares of the company’s stock valued at $11,767,000 after acquiring an additional 266 shares in the last quarter. Finally, Overbrook Management Corp grew its holdings in shares of PepsiCo by 45.4% during the 4th quarter. Overbrook Management Corp now owns 2,081 shares of the company’s stock valued at $361,000 after acquiring an additional 650 shares in the last quarter. 71.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PEP has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price target 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. Wells Fargo & Company lowered their price target on shares of PepsiCo from $175.00 to $172.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 21st. UBS Group lowered their price target on shares of PepsiCo from $190.00 to $182.00 and set a “buy” rating on the stock in a report on Tuesday, June 21st. 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. Finally, Credit Suisse Group lifted their price objective on shares of PepsiCo from $168.00 to $170.00 and gave the company a “neutral” rating in a research note on Wednesday, July 13th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $182.00.

Insider Activity

In other 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 transaction of $600,191.39. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. In other 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 transaction of $600,191.39. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, 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 transaction, the chief executive officer now directly owns 70,892 shares of the company’s stock, 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.

PepsiCo Stock Up 1.1 %

PepsiCo stock opened at $168.73 on Tuesday. The firm has a market cap of $232.83 billion, a price-to-earnings ratio of 25.41, a P/E/G ratio of 3.27 and a beta of 0.55. 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, Inc. has a fifty-two week low of $149.48 and a fifty-two week high of $181.07. The firm has a fifty day moving average price of $173.45 and a two-hundred day moving average price of $170.50.

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

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 2nd will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Thursday, September 1st. PepsiCo’s dividend payout ratio is currently 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.

Further Reading

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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