YHB Investment Advisors Inc. Has $12.65 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

YHB Investment Advisors Inc. reduced its position in PepsiCo, Inc. (NASDAQ:PEP) by 0.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 96,454 shares of the company’s stock after selling 544 shares during the period. PepsiCo comprises 2.0% of YHB Investment Advisors Inc.’s holdings, making the stock its 11th largest position. YHB Investment Advisors Inc.’s holdings in PepsiCo were worth $12,648,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Laurel Wealth Advisors Inc. lifted its stake in PepsiCo by 1.3% in the 1st quarter. Laurel Wealth Advisors Inc. now owns 23,826 shares of the company’s stock valued at $2,920,000 after purchasing an additional 296 shares during the last quarter. Lau Associates LLC lifted its position in PepsiCo by 7.6% during the fourth quarter. Lau Associates LLC now owns 57,455 shares of the company’s stock worth $6,348,000 after acquiring an additional 4,035 shares during the last quarter. Dixon Hubard Feinour & Brown Inc. VA lifted its position in PepsiCo by 0.8% during the first quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 26,334 shares of the company’s stock worth $3,227,000 after acquiring an additional 207 shares during the last quarter. Gyroscope Capital Management Group LLC lifted its position in PepsiCo by 5.4% during the second quarter. Gyroscope Capital Management Group LLC now owns 3,403 shares of the company’s stock worth $453,000 after acquiring an additional 174 shares during the last quarter. Finally, Private Ocean LLC lifted its position in PepsiCo by 27.9% during the fourth quarter. Private Ocean LLC now owns 1,067 shares of the company’s stock worth $118,000 after acquiring an additional 233 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

In other news, Chairman Ramon Laguarta sold 15,431 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $129.43, for a total transaction of $1,997,234.33. Following the transaction, the chairman now directly owns 232,394 shares of the company’s stock, valued at $30,078,755.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Steven C. Williams sold 2,420 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $133.95, for a total transaction of $324,159.00. Following the transaction, the chief executive officer now directly owns 54,920 shares in the company, valued at $7,356,534. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by company insiders.

PEP has been the subject of several research reports. SunTrust Banks restated a “hold” rating and set a $125.00 price objective on shares of PepsiCo in a research report on Wednesday, July 10th. Morgan Stanley raised their price objective on shares of PepsiCo from $137.00 to $143.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Atlantic Securities initiated coverage on shares of PepsiCo in a research report on Monday, July 29th. They set an “overweight” rating and a $145.00 price objective for the company. Argus restated a “buy” rating on shares of PepsiCo in a research report on Thursday, July 11th. Finally, Wells Fargo & Co raised their price objective on shares of PepsiCo from $120.00 to $127.00 and gave the stock a “positive” rating in a research report on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $129.35.

Shares of PEP traded up $0.78 during mid-day trading on Friday, hitting $127.92. 5,572,475 shares of the company’s stock were exchanged, compared to its average volume of 4,336,851. PepsiCo, Inc. has a 52 week low of $104.53 and a 52 week high of $135.24. The stock has a 50-day moving average of $132.05. The stock has a market capitalization of $178.70 billion, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 3.32 and a beta of 0.60. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.66 and a current ratio of 0.86.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, July 9th. The company reported $1.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.05. PepsiCo had a net margin of 19.59% and a return on equity of 59.50%. The company had revenue of $16.45 billion for the quarter, compared to analysts’ expectations of $16.44 billion. During the same period last year, the firm earned $1.61 earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. Sell-side analysts forecast that PepsiCo, Inc. will post 5.51 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be issued a dividend of $0.955 per share. The ex-dividend date is Thursday, September 5th. This represents a $3.82 annualized dividend and a dividend yield of 2.99%. PepsiCo’s dividend payout ratio is presently 67.49%.

About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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