CSat Investment Advisory L.P. decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 46.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,411 shares of the company’s stock after selling 4,757 shares during the quarter. CSat Investment Advisory L.P.’s holdings in PepsiCo were worth $598,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of PEP. Highwater Wealth Management LLC purchased a new stake in shares of PepsiCo during the 4th quarter valued at about $28,000. Horan Securities Inc. increased its position in shares of PepsiCo by 460.0% during the 4th quarter. Horan Securities Inc. now owns 280 shares of the company’s stock valued at $30,000 after purchasing an additional 230 shares during the last quarter. 1 North Wealth Services LLC purchased a new stake in shares of PepsiCo during the 4th quarter valued at about $39,000. Financial Gravity Companies Inc. purchased a new stake in shares of PepsiCo during the 4th quarter valued at about $41,000. Finally, Sound Income Strategies LLC increased its position in shares of PepsiCo by 50.8% during the 4th quarter. Sound Income Strategies LLC now owns 597 shares of the company’s stock valued at $66,000 after purchasing an additional 201 shares during the last quarter. 70.91% of the stock is owned by institutional investors and hedge funds.
In other PepsiCo news, Chairman Ramon Laguarta sold 15,431 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $129.43, for a total value of $1,997,234.33. Following the completion of the transaction, the chairman now directly owns 232,394 shares in the company, valued at approximately $30,078,755.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David Yawman sold 25,263 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $126.42, for a total value of $3,193,748.46. Following the completion of the transaction, the executive vice president now owns 80,934 shares of the company’s stock, valued at $10,231,676.28. The disclosure for this sale can be found here. Insiders sold a total of 48,494 shares of company stock valued at $6,173,705 over the last 90 days. 0.28% of the stock is currently owned by corporate insiders.
PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Wednesday, April 17th. The company reported $0.97 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.05. PepsiCo had a return on equity of 65.12% and a net margin of 19.37%. The business had revenue of $12.88 billion during the quarter, compared to the consensus estimate of $12.68 billion. During the same period in the prior year, the company posted $0.96 EPS. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, sell-side analysts expect that PepsiCo, Inc. will post 5.51 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a $0.955 dividend. This represents a $3.82 annualized dividend and a yield of 2.87%. This is an increase from PepsiCo’s previous quarterly dividend of $0.93. The ex-dividend date is Thursday, June 6th. PepsiCo’s dividend payout ratio is presently 67.49%.
A number of brokerages recently issued reports on PEP. ValuEngine upgraded PepsiCo from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Goldman Sachs Group upgraded PepsiCo from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $111.00 to $132.00 in a research note on Thursday, April 18th. Jefferies Financial Group boosted their price objective on PepsiCo to $119.00 and gave the company a “hold” rating in a research note on Tuesday, February 19th. They noted that the move was a valuation call. Zacks Investment Research downgraded PepsiCo from a “hold” rating to a “sell” rating in a research note on Thursday, April 18th. Finally, Bank of America boosted their price objective on PepsiCo from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $124.65.
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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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