Institute for Wealth Management LLC. Has $808,000 Position in PepsiCo, Inc. (NASDAQ:PEP)

Share on StockTwits

Institute for Wealth Management LLC. raised its position in PepsiCo, Inc. (NASDAQ:PEP) by 6.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,165 shares of the company’s stock after acquiring an additional 371 shares during the quarter. Institute for Wealth Management LLC.’s holdings in PepsiCo were worth $808,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in PEP. Sigma Investment Counselors Inc. increased its position in PepsiCo by 2.5% during the second quarter. Sigma Investment Counselors Inc. now owns 3,415 shares of the company’s stock worth $448,000 after acquiring an additional 82 shares during the period. Strategic Financial Group LLC increased its position in PepsiCo by 2.7% during the second quarter. Strategic Financial Group LLC now owns 3,242 shares of the company’s stock worth $425,000 after acquiring an additional 86 shares during the period. First Command Financial Services Inc. increased its position in PepsiCo by 1.0% during the second quarter. First Command Financial Services Inc. now owns 9,440 shares of the company’s stock worth $1,238,000 after acquiring an additional 95 shares during the period. ZWJ Investment Counsel Inc. increased its position in PepsiCo by 1.0% during the second quarter. ZWJ Investment Counsel Inc. now owns 9,586 shares of the company’s stock worth $1,257,000 after acquiring an additional 96 shares during the period. Finally, Stockman Wealth Management Inc. increased its position in PepsiCo by 0.5% during the fourth quarter. Stockman Wealth Management Inc. now owns 18,804 shares of the company’s stock worth $2,077,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 71.83% of the company’s stock.

NASDAQ:PEP traded up $0.56 during mid-day trading on Monday, hitting $132.32. 551,005 shares of the company’s stock were exchanged, compared to its average volume of 4,696,708. The company has a 50 day simple moving average of $130.78 and a 200-day simple moving average of $125.26. The company has a current ratio of 0.86, a quick ratio of 0.66 and a debt-to-equity ratio of 1.97. PepsiCo, Inc. has a fifty-two week low of $104.53 and a fifty-two week high of $135.24. The firm has a market capitalization of $182.77 billion, a P/E ratio of 23.38, a PEG ratio of 3.39 and a beta of 0.60.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, July 9th. The company reported $1.54 EPS for the quarter, topping the 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 business had revenue of $16.45 billion for the quarter, compared to the consensus estimate of $16.44 billion. During the same period last year, the company earned $1.61 EPS. The firm’s revenue was up 2.2% compared to the same quarter last year. As a group, analysts expect that PepsiCo, Inc. will post 5.51 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be given a $0.955 dividend. The ex-dividend date is Thursday, September 5th. This represents a $3.82 dividend on an annualized basis and a dividend yield of 2.89%. PepsiCo’s dividend payout ratio (DPR) is currently 67.49%.

In related news, CEO Kirk Tanner sold 9,573 shares of the business’s 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 transaction, the chief executive officer now owns 105,350 shares in the company, valued at approximately $13,500,602.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Steven C. Williams sold 2,420 shares of the business’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $133.95, for a total transaction of $324,159.00. Following the transaction, the chief executive officer now owns 54,920 shares in the company, valued at approximately $7,356,534. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by insiders.

A number of equities analysts recently commented on the stock. Bank of America raised their price target on shares of PepsiCo from $135.00 to $142.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Cowen raised their price target on shares of PepsiCo from $142.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 10th. Zacks Investment Research raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $142.00 price target on the stock in a research report on Tuesday, April 23rd. UBS Group raised their price target on shares of PepsiCo from $130.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Finally, SunTrust Banks reissued a “hold” rating and issued a $125.00 target price on shares of PepsiCo in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target 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.

Further Reading: The components of the Stochastic Momentum Index

Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP).

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

Receive News & Ratings for PepsiCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Frontier Communications   Shares Down 7.3%
Frontier Communications Shares Down 7.3%
Seagate Technology   Shares Down 6.7%
Seagate Technology Shares Down 6.7%
Bruker Co.  Shares Bought by D. E. Shaw & Co. Inc.
Bruker Co. Shares Bought by D. E. Shaw & Co. Inc.
D. E. Shaw & Co. Inc. Lowers Stake in Aramark
D. E. Shaw & Co. Inc. Lowers Stake in Aramark
Synopsys, Inc.  Holdings Trimmed by D. E. Shaw & Co. Inc.
Synopsys, Inc. Holdings Trimmed by D. E. Shaw & Co. Inc.
Cadence Design Systems Inc  Stock Holdings Lifted by D. E. Shaw & Co. Inc.
Cadence Design Systems Inc Stock Holdings Lifted by D. E. Shaw & Co. Inc.


© 2006-2019 Ticker Report