Dubuque Bank & Trust Co. Sells 954 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Dubuque Bank & Trust Co. trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 3.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,081 shares of the company’s stock after selling 954 shares during the quarter. Dubuque Bank & Trust Co.’s holdings in PepsiCo were worth $4,180,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on PEP shares. Barclays lowered their target price on shares of PepsiCo from $187.00 to $183.00 and set an “overweight” rating for the company in a report on Wednesday, July 6th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of PepsiCo from $175.00 to $178.00 and gave the company a “hold” rating in a report on Thursday, July 7th. Credit Suisse Group boosted their price objective on shares of PepsiCo from $168.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday, July 13th. JPMorgan Chase & Co. decreased their price objective on shares of PepsiCo from $186.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, July 6th. Finally, Wells Fargo & Company decreased their price objective on shares of PepsiCo from $175.00 to $172.00 and set an “equal weight” rating for the company in a report on Tuesday, June 21st. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, PepsiCo presently has a consensus rating of “Moderate Buy” and an average price target of $182.00.

PepsiCo Price Performance

Shares of PEP opened at $168.60 on Friday. 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. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.78. The firm has a fifty day simple moving average of $173.32 and a two-hundred day simple moving average of $170.45. PepsiCo, Inc. has a 1-year low of $149.48 and a 1-year high of $181.07.

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

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 2nd will be paid a dividend of $1.15 per share. 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 dividend payout ratio is presently 69.28%.

Insider Buying and Selling at PepsiCo

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

PepsiCo 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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