CSat Investment Advisory L.P. grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 32.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,427 shares of the company’s stock after buying an additional 2,318 shares during the quarter. CSat Investment Advisory L.P.’s holdings in PepsiCo were worth $1,236,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of PEP. Gantzert Investment Co. LLC ADV purchased a new position in PepsiCo in the 4th quarter worth $2,231,000. Buckingham Capital Management Inc. grew its holdings in PepsiCo by 8.4% in the 4th quarter. Buckingham Capital Management Inc. now owns 35,608 shares of the company’s stock worth $3,934,000 after acquiring an additional 2,755 shares during the last quarter. Portfolio Solutions LLC bought a new stake in PepsiCo in the 4th quarter worth $111,000. Burt Wealth Advisors grew its holdings in PepsiCo by 8.6% in the 4th quarter. Burt Wealth Advisors now owns 2,597 shares of the company’s stock worth $287,000 after acquiring an additional 205 shares during the last quarter. Finally, CRA Financial Services LLC bought a new stake in PepsiCo in the 4th quarter worth $726,000. Institutional investors own 71.46% of the company’s stock.
PepsiCo stock traded down $0.77 during trading hours on Friday, hitting $134.71. The stock had a trading volume of 4,848,390 shares, compared to its average volume of 3,697,001. The company has a quick ratio of 0.66, a current ratio of 0.86 and a debt-to-equity ratio of 1.97. The stock has a market capitalization of $189.45 billion, a P/E ratio of 23.80, a price-to-earnings-growth ratio of 3.52 and a beta of 0.56. PepsiCo, Inc. has a 12-month low of $104.53 and a 12-month high of $139.18. The stock’s 50-day moving average price is $132.86 and its 200-day moving average price is $128.55.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be issued a dividend of $0.955 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $3.82 annualized dividend and a dividend yield of 2.84%. PepsiCo’s payout ratio is 67.49%.
In other news, CEO Steven C. Williams sold 2,420 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 54,920 shares of the company’s stock, valued at $7,356,534. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kirk Tanner sold 9,573 shares of the business’s stock in a transaction that occurred 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 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 insiders.
PEP has been the topic of a number of recent analyst reports. Cowen raised their price target on shares of PepsiCo from $142.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, July 10th. Jefferies Financial Group lifted their target price on shares of PepsiCo from $123.00 to $134.00 and gave the company a “hold” rating in a research note on Wednesday, July 10th. Morgan Stanley lifted their target price on shares of PepsiCo from $143.00 to $149.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. They noted that the move was a valuation call. Credit Suisse Group lifted their target price on shares of PepsiCo from $110.00 to $117.00 and gave the company an “underperform” rating in a research note on Friday, September 6th. Finally, Atlantic Securities began coverage on shares of PepsiCo in a research note on Monday, July 29th. They set an “overweight” rating and a $145.00 target price on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company’s stock. PepsiCo currently has a consensus rating of “Buy” and an average price target of $131.21.
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.
Featured Story: What is included in the gross domestic product?
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).
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.