Nvest Financial LLC Has $2.58 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Nvest Financial LLC increased its stake in PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 0.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,470 shares of the company’s stock after purchasing an additional 126 shares during the period. PepsiCo accounts for 2.7% of Nvest Financial LLC’s portfolio, making the stock its 12th largest holding. Nvest Financial LLC’s holdings in PepsiCo were worth $2,578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on PEP. Barclays dropped their target price on shares of PepsiCo from $187.00 to $183.00 and set an “overweight” rating for the company in a research report on Wednesday, July 6th. UBS Group dropped their target price 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. dropped their target price 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. Deutsche Bank Aktiengesellschaft upped their target price on shares of PepsiCo from $175.00 to $178.00 and gave the company a “hold” rating in a research report on Thursday, July 7th. Finally, Wells Fargo & Company decreased their price target on shares of PepsiCo from $175.00 to $172.00 and set an “equal weight” rating for the company in a report on Tuesday, June 21st. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, PepsiCo currently has an average rating of “Moderate Buy” and an average target price of $182.00.

PepsiCo Stock Up 0.1 %

PEP stock opened at $168.60 on Friday. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.83 and a quick ratio of 0.64. The stock has a market capitalization of $232.65 billion, a P/E ratio of 25.39, a P/E/G ratio of 3.30 and a beta of 0.55. PepsiCo, Inc. has a fifty-two week low of $149.48 and a fifty-two week high of $181.07. The business has a 50-day moving average of $173.32 and a 200-day moving average of $170.45.

PepsiCo (NASDAQ:PEPGet Rating) last issued its quarterly earnings results 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. PepsiCo had a net margin of 11.28% and a return on equity of 52.01%. The company had revenue of $20.23 billion during the quarter, compared to analysts’ expectations of $19.51 billion. During the same period last year, the business earned $1.72 EPS. The business’s quarterly revenue was up 5.2% on a year-over-year basis. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 6.66 earnings per share for the current fiscal 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 issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Thursday, September 1st. PepsiCo’s payout ratio is 69.28%.

Insider Buying and Selling

In related news, CEO Ramkumar Krishnan sold 3,433 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 50,577 shares of the company’s stock, valued at $8,842,376.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, 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 value of $300,078.54. Following the sale, the chief executive officer now owns 70,892 shares in the company, valued at approximately $12,135,292.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ramkumar Krishnan sold 3,433 shares of PepsiCo stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $174.83, for a total transaction of $600,191.39. Following the transaction, the chief executive officer now directly owns 50,577 shares of the company’s stock, valued at $8,842,376.91. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by corporate insiders.

About PepsiCo

(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.

See Also

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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