PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 6.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,737 shares of the company’s stock after purchasing an additional 803 shares during the period. PepsiCo comprises about 0.7% of Parkside Financial Bank & Trust’s holdings, making the stock its 26th biggest holding. Parkside Financial Bank & Trust’s holdings in PepsiCo were worth $2,289,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Cypress Wealth Services LLC lifted its holdings in shares of PepsiCo by 2.3% during the first quarter. Cypress Wealth Services LLC now owns 2,544 shares of the company’s stock valued at $426,000 after purchasing an additional 58 shares during the last quarter. Retirement Planning Co of New England Inc. lifted its stake in PepsiCo by 0.9% in the 1st quarter. Retirement Planning Co of New England Inc. now owns 6,605 shares of the company’s stock worth $1,105,000 after acquiring an additional 59 shares in the last quarter. Cullen Capital Management LLC lifted its stake in PepsiCo by 0.7% in the 1st quarter. Cullen Capital Management LLC now owns 8,765 shares of the company’s stock worth $1,467,000 after acquiring an additional 60 shares in the last quarter. Guardian Wealth Advisors LLC lifted its stake in PepsiCo by 1.5% in the 1st quarter. Guardian Wealth Advisors LLC now owns 4,084 shares of the company’s stock worth $684,000 after acquiring an additional 61 shares in the last quarter. Finally, Titleist Asset Management LTD. lifted its stake in PepsiCo by 2.9% in the 1st quarter. Titleist Asset Management LTD. now owns 2,183 shares of the company’s stock worth $365,000 after acquiring an additional 62 shares in the last quarter. 71.38% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $168.60 on Friday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.64 and a current ratio of 0.83. The firm has a market cap of $232.65 billion, a price-to-earnings ratio of 25.39, a P/E/G ratio of 3.30 and a beta of 0.55. The business’s 50-day simple moving average is $173.32 and its 200-day simple moving average is $170.45. PepsiCo, Inc. has a 52 week low of $149.48 and a 52 week high of $181.07.

PepsiCo (NASDAQ:PEPGet Rating) last issued its quarterly earnings data on Tuesday, July 12th. The company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.13. The business had revenue of $20.23 billion for the quarter, compared to analyst estimates of $19.51 billion. PepsiCo had a return on equity of 52.01% and a net margin of 11.28%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.72 EPS. As a group, equities research analysts expect that PepsiCo, Inc. will post 6.66 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 2nd will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Thursday, September 1st. PepsiCo’s dividend payout ratio is 69.28%.

Insider Activity

In other PepsiCo news, CEO Ramkumar Krishnan sold 3,433 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The stock was 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 approximately $8,842,376.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other PepsiCo news, CEO Ramkumar Krishnan sold 3,433 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The stock was 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 approximately $8,842,376.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Steven C. Williams sold 1,753 shares of the firm’s stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $171.18, for a total value 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 disclosure for this sale can be found here. 0.12% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on PEP shares. Deutsche Bank Aktiengesellschaft increased their price objective on PepsiCo from $175.00 to $178.00 and gave the stock a “hold” rating in a research note on Thursday, July 7th. Credit Suisse Group increased their price objective on PepsiCo from $168.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 13th. Wells Fargo & Company reduced their price objective on PepsiCo from $175.00 to $172.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 21st. Barclays reduced their price objective on PepsiCo from $187.00 to $183.00 and set an “overweight” rating for the company in a research note on Wednesday, July 6th. Finally, UBS Group dropped their target price on PepsiCo from $190.00 to $182.00 and set a “buy” rating on the stock in a research report on Tuesday, June 21st. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $182.00.

About PepsiCo

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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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