Monterey Private Wealth Inc. Acquires 157 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Monterey Private Wealth Inc. grew its holdings in PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 2.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,028 shares of the company’s stock after acquiring an additional 157 shares during the quarter. PepsiCo accounts for 0.8% of Monterey Private Wealth Inc.’s portfolio, making the stock its 23rd largest holding. Monterey Private Wealth Inc.’s holdings in PepsiCo were worth $1,338,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Mutual Advisors LLC lifted its position in PepsiCo by 12.5% in the fourth quarter. Mutual Advisors LLC now owns 9,203 shares of the company’s stock worth $1,599,000 after purchasing an additional 1,022 shares during the period. GSA Capital Partners LLP bought a new position in PepsiCo in the fourth quarter worth $311,000. HBK Investments L P bought a new position in PepsiCo in the fourth quarter worth $1,958,000. Unigestion Holding SA bought a new position in PepsiCo in the fourth quarter worth $2,202,000. Finally, Banco de Sabadell S.A lifted its position in PepsiCo by 16.6% in the fourth quarter. Banco de Sabadell S.A now owns 11,179 shares of the company’s stock worth $1,946,000 after purchasing an additional 1,588 shares during the period. 71.38% of the stock is owned by institutional investors.

PepsiCo Stock Performance

Shares of NASDAQ:PEP opened at $168.60 on Friday. PepsiCo, Inc. has a twelve month low of $149.48 and a twelve month high of $181.07. The firm has a market cap of $232.65 billion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 3.30 and a beta of 0.55. 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 business has a fifty day moving average of $173.32 and a 200-day moving average of $170.45.

PepsiCo (NASDAQ:PEPGet Rating) last announced its quarterly earnings data on Tuesday, July 12th. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.13. The firm had revenue of $20.23 billion during 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 company’s revenue was up 5.2% on a year-over-year basis. During the same period last year, the company earned $1.72 earnings per share. On average, equities research analysts predict that PepsiCo, Inc. will post 6.66 EPS for the current fiscal year.

PepsiCo Announces Dividend

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

Insider Buying and Selling

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

Wall Street Analyst Weigh In

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

PepsiCo Company Profile

(Get Rating)

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.

Featured Articles

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:PEPGet Rating).

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.