PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by EP Wealth Advisors LLC

EP Wealth Advisors LLC boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 16.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 186,693 shares of the company’s stock after buying an additional 26,235 shares during the period. PepsiCo accounts for approximately 1.5% of EP Wealth Advisors LLC’s portfolio, making the stock its 12th biggest holding. EP Wealth Advisors LLC’s holdings in PepsiCo were worth $24,481,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Portfolio Solutions LLC purchased a new position in shares of PepsiCo in the 4th quarter valued at approximately $111,000. Gryphon Financial Partners LLC grew its stake in shares of PepsiCo by 147.5% in the 4th quarter. Gryphon Financial Partners LLC now owns 6,813 shares of the company’s stock valued at $749,000 after purchasing an additional 4,060 shares during the last quarter. Bruderman Asset Management LLC grew its stake in shares of PepsiCo by 8.7% in the 4th quarter. Bruderman Asset Management LLC now owns 29,788 shares of the company’s stock valued at $3,291,000 after purchasing an additional 2,376 shares during the last quarter. Guyasuta Investment Advisors Inc. grew its stake in shares of PepsiCo by 1.0% in the 4th quarter. Guyasuta Investment Advisors Inc. now owns 236,925 shares of the company’s stock valued at $26,176,000 after purchasing an additional 2,364 shares during the last quarter. Finally, Truehand Inc purchased a new position in shares of PepsiCo in the 4th quarter valued at approximately $1,860,000. 71.47% of the stock is currently owned by institutional investors.

PEP traded down $0.05 during trading on Tuesday, reaching $137.05. 1,023,398 shares of the stock were exchanged, compared to its average volume of 3,746,789. The business’s 50 day moving average price is $134.37 and its two-hundred day moving average price is $129.52. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.86 and a quick ratio of 0.66. The company has a market capitalization of $189.59 billion, a price-to-earnings ratio of 24.21, a P/E/G ratio of 3.52 and a beta of 0.56. PepsiCo, Inc. has a 1 year low of $104.53 and a 1 year high of $139.18.

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

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were given a dividend of $0.955 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $3.82 dividend on an annualized basis and a yield of 2.79%. PepsiCo’s payout ratio is 67.49%.

Several research analysts have weighed in on the company. Bank of America lifted their target price on PepsiCo from $135.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Cowen lifted their price target on PepsiCo from $142.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, July 10th. BMO Capital Markets restated an “average” rating and issued a $128.00 price target on shares of PepsiCo in a research note on Wednesday, July 10th. Argus restated a “buy” rating on shares of PepsiCo in a research note on Thursday, July 11th. Finally, Atlantic Securities started coverage on PepsiCo in a research note on Monday, July 29th. They issued an “overweight” rating and a $145.00 price target on the stock. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $131.53.

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

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.

See Also: Consumer Price Index (CPI)

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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