IMS Capital Management Boosts Holdings in PepsiCo, Inc. (NASDAQ:PEP)

IMS Capital Management grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 4.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,431 shares of the company’s stock after acquiring an additional 341 shares during the quarter. IMS Capital Management’s holdings in PepsiCo were worth $1,405,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. SevenBridge Financial Group LLC grew its holdings in shares of PepsiCo by 77.7% in the first quarter. SevenBridge Financial Group LLC now owns 35,990 shares of the company’s stock worth $6,024,000 after purchasing an additional 15,740 shares during the last quarter. First American Trust FSB grew its holdings in shares of PepsiCo by 9.0% in the first quarter. First American Trust FSB now owns 4,817 shares of the company’s stock worth $806,000 after purchasing an additional 398 shares during the last quarter. Tiedemann Advisors LLC grew its holdings in shares of PepsiCo by 2.8% in the first quarter. Tiedemann Advisors LLC now owns 12,383 shares of the company’s stock worth $2,072,000 after purchasing an additional 338 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC grew its holdings in shares of PepsiCo by 9.3% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 119,347 shares of the company’s stock worth $20,049,000 after purchasing an additional 10,179 shares during the last quarter. Finally, Osher Van de Voorde Investment Management boosted its holdings in PepsiCo by 3.1% in the first quarter. Osher Van de Voorde Investment Management now owns 101,725 shares of the company’s stock valued at $17,027,000 after acquiring an additional 3,065 shares in the last quarter. 71.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on PEP shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of PepsiCo from $175.00 to $178.00 and gave the company a “hold” rating in a report on Thursday, July 7th. JPMorgan Chase & Co. lowered their price objective on PepsiCo from $186.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, July 6th. Barclays lowered their price objective on PepsiCo from $187.00 to $183.00 and set an “overweight” rating for the company in a research report on Wednesday, July 6th. Wells Fargo & Company lowered their price objective on PepsiCo from $175.00 to $172.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 21st. Finally, UBS Group lowered their price objective on PepsiCo from $190.00 to $182.00 and set a “buy” rating for the company in a research report on Tuesday, June 21st. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $182.00.

Insiders Place Their Bets

In other PepsiCo news, CEO Steven C. Williams sold 1,753 shares of the business’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $171.18, for a total value of $300,078.54. Following the completion of the transaction, the chief executive officer now owns 70,892 shares of the company’s stock, valued at approximately $12,135,292.56. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other PepsiCo news, CEO Steven C. Williams sold 1,753 shares of the business’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $171.18, for a total transaction of $300,078.54. Following the completion of the sale, the chief executive officer now directly owns 70,892 shares in the company, valued at approximately $12,135,292.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ramkumar Krishnan sold 3,433 shares of the business’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $174.83, for a total value of $600,191.39. Following the sale, the chief executive officer now owns 50,577 shares of the company’s stock, valued at $8,842,376.91. The disclosure for this sale can be found here. 0.12% of the stock is owned by insiders.

PepsiCo Price Performance

PEP opened at $168.60 on Friday. The stock has a 50-day moving average price of $173.32 and a 200-day moving average price of $170.45. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.83 and a quick ratio of 0.64. The firm has a market cap of $232.65 billion, a PE ratio of 25.39, a P/E/G ratio of 3.30 and a beta of 0.55. PepsiCo, Inc. has a 1 year low of $149.48 and a 1 year high of $181.07.

PepsiCo (NASDAQ:PEPGet Rating) last posted its quarterly earnings results on Tuesday, July 12th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.13. PepsiCo had a return on equity of 52.01% and a net margin of 11.28%. The firm had revenue of $20.23 billion during the quarter, compared to analyst estimates of $19.51 billion. During the same quarter in the previous year, the firm earned $1.72 EPS. PepsiCo’s quarterly revenue was up 5.2% compared to the same quarter last year. Sell-side analysts predict that PepsiCo, Inc. will post 6.66 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 2nd will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Thursday, September 1st. PepsiCo’s dividend payout ratio (DPR) is 69.28%.

PepsiCo Company Profile

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PepsiCo, Inc manufactures, markets, distributes, and sells various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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