Heritage Wealth Advisors boosted its position in PepsiCo Inc. (NYSE:PEP) by 6.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,475 shares of the company’s stock after buying an additional 1,400 shares during the period. PepsiCo makes up 1.8% of Heritage Wealth Advisors’ portfolio, making the stock its 12th largest position. Heritage Wealth Advisors’ holdings in PepsiCo were worth $2,592,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of the company. D. Scott Neal Inc. raised its stake in PepsiCo by 8.1% in the second quarter. D. Scott Neal Inc. now owns 944 shares of the company’s stock worth $100,000 after buying an additional 71 shares during the period. Piershale Financial Group Inc. raised its stake in PepsiCo by 0.4% in the second quarter. Piershale Financial Group Inc. now owns 1,005 shares of the company’s stock worth $106,000 after buying an additional 4 shares during the period. Stelac Advisory Services LLC raised its stake in PepsiCo by 13.9% in the second quarter. Stelac Advisory Services LLC now owns 1,185 shares of the company’s stock worth $126,000 after buying an additional 145 shares during the period. Cypress Capital Management LLC WY purchased a new stake in PepsiCo during the second quarter worth $129,000. Finally, Gradient Investments LLC raised its stake in PepsiCo by 7.0% in the second quarter. Gradient Investments LLC now owns 1,530 shares of the company’s stock worth $162,000 after buying an additional 100 shares during the period. 69.81% of the stock is currently owned by institutional investors and hedge funds.
Shares of PepsiCo Inc. (NYSE:PEP) traded down 0.58% on Monday, hitting $108.14. 2,775,584 shares of the company traded hands. The firm’s 50-day moving average is $107.19 and its 200 day moving average is $105.12. The firm has a market capitalization of $155.09 billion, a P/E ratio of 23.73 and a beta of 0.46. PepsiCo Inc. has a 1-year low of $93.25 and a 1-year high of $110.94.
PepsiCo (NYSE:PEP) last issued its earnings results on Thursday, September 29th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.08. The firm earned $16 billion during the quarter. PepsiCo had a net margin of 10.74% and a return on equity of 57.14%. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.35 earnings per share. On average, analysts anticipate that PepsiCo Inc. will post $4.79 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 2nd were paid a dividend of $0.7525 per share. This represents a $3.01 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date was Wednesday, August 31st. PepsiCo’s dividend payout ratio is currently 66.01%.
A number of equities analysts have recently commented on the stock. Deutsche Bank AG reissued a “buy” rating and issued a $120.00 price target on shares of PepsiCo in a report on Monday. BMO Capital Markets reissued an “outperform” rating and issued a $120.00 price target (up previously from $116.00) on shares of PepsiCo in a report on Friday. Vetr lowered shares of PepsiCo from a “hold” rating to a “sell” rating and set a $99.50 price target on the stock. in a report on Wednesday, June 29th. Jefferies Group reissued a “buy” rating and issued a $122.00 price target (down previously from $124.00) on shares of PepsiCo in a report on Friday. Finally, Argus increased their price target on shares of PepsiCo from $116.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, July 13th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $112.25.
In related news, CEO Ramon Laguarta sold 17,221 shares of the company’s stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $108.27, for a total value of $1,864,517.67. Following the completion of the sale, the chief executive officer now directly owns 142,325 shares of the company’s stock, valued at $15,409,527.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Albert P. Carey sold 170,003 shares of the company’s stock in a transaction dated Tuesday, July 12th. The stock was sold at an average price of $108.81, for a total transaction of $18,498,026.43. Following the completion of the sale, the chief executive officer now directly owns 306,138 shares of the company’s stock, valued at $33,310,875.78. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.
PepsiCo Company Profile
PepsiCo, Inc is a food and beverage company. The Company, through its operations, bottlers, contract manufacturers and other third parties, is engaged in making, marketing, distributing and selling a range of beverages, foods and snacks, serving in over 200 countries and territories. The Company operates through six segments, namely, Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); North America Beverages (NAB); Latin America, which includes its beverage, food and snack businesses in Latin America; Europe Sub-Saharan Africa (ESSA), which includes its beverage, food and snack businesses in Europe and Sub-Saharan Africa, and Asia, Middle East and North Africa (AMENA), which includes its beverage, food and snack businesses in Asia, Middle East and North Africa.
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