Watch Point Trust Co Has $3.55 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Watch Point Trust Co raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 9.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,055 shares of the company’s stock after buying an additional 2,259 shares during the quarter. PepsiCo accounts for about 2.0% of Watch Point Trust Co’s holdings, making the stock its 26th biggest position. Watch Point Trust Co’s holdings in PepsiCo were worth $3,548,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Laurel Wealth Advisors Inc. grew its position in PepsiCo by 1.3% in the first quarter. Laurel Wealth Advisors Inc. now owns 23,826 shares of the company’s stock worth $2,920,000 after acquiring an additional 296 shares in the last quarter. Lau Associates LLC boosted its holdings in shares of PepsiCo by 7.6% during the 4th quarter. Lau Associates LLC now owns 57,455 shares of the company’s stock worth $6,348,000 after buying an additional 4,035 shares during the period. AE Wealth Management LLC boosted its holdings in shares of PepsiCo by 72.6% during the 2nd quarter. AE Wealth Management LLC now owns 64,904 shares of the company’s stock worth $8,511,000 after buying an additional 27,302 shares during the period. CenturyLink Investment Management Co boosted its holdings in shares of PepsiCo by 41.5% during the 2nd quarter. CenturyLink Investment Management Co now owns 17,769 shares of the company’s stock worth $2,330,000 after buying an additional 5,209 shares during the period. Finally, Dixon Hubard Feinour & Brown Inc. VA boosted its holdings in shares of PepsiCo by 0.8% during the 1st quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 26,334 shares of the company’s stock worth $3,227,000 after buying an additional 207 shares during the period. 71.26% of the stock is owned by institutional investors.

PepsiCo stock traded up $1.04 during mid-day trading on Friday, reaching $131.76. The company had a trading volume of 3,405,000 shares, compared to its average volume of 4,692,517. The company has a quick ratio of 0.66, a current ratio of 0.86 and a debt-to-equity ratio of 1.97. PepsiCo, Inc. has a 52 week low of $104.53 and a 52 week high of $135.24. The company has a 50 day moving average of $130.78 and a 200-day moving average of $125.26. The firm has a market cap of $180.53 billion, a price-to-earnings ratio of 23.28, a PEG ratio of 3.35 and a beta of 0.60.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, July 9th. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.05. PepsiCo had a net margin of 19.59% and a return on equity of 59.50%. The firm had revenue of $16.45 billion during the quarter, compared to the consensus estimate of $16.44 billion. During the same period in the prior year, the firm earned $1.61 EPS. The business’s revenue was up 2.2% on a year-over-year basis. On average, analysts predict that PepsiCo, Inc. will post 5.51 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be issued a $0.955 dividend. This represents a $3.82 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Thursday, September 5th. PepsiCo’s dividend payout ratio (DPR) is presently 67.49%.

In other PepsiCo news, CEO Steven C. Williams sold 2,420 shares of the stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $133.95, for a total value of $324,159.00. Following the completion of the sale, the chief executive officer now directly owns 54,920 shares of the company’s stock, valued at approximately $7,356,534. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Kirk Tanner sold 9,573 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $128.15, for a total transaction of $1,226,779.95. Following the completion of the sale, the chief executive officer now directly owns 105,350 shares of the company’s stock, valued at $13,500,602.50. The disclosure for this sale can be found here. 0.28% of the stock is owned by corporate insiders.

Several analysts recently issued reports on PEP shares. Zacks Investment Research raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $142.00 price objective for the company in a report on Tuesday, April 23rd. Jefferies Financial Group upped their price objective on shares of PepsiCo from $123.00 to $134.00 and gave the stock a “hold” rating in a report on Wednesday, July 10th. Morgan Stanley upped their price objective on shares of PepsiCo from $137.00 to $143.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Cowen upped their price objective on shares of PepsiCo from $142.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, July 10th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $125.00 price objective on shares of PepsiCo in a report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company. PepsiCo presently has a consensus rating of “Hold” and a consensus target price of $129.35.

PepsiCo Company Profile

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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