Alerus Financial NA Increases Stake in PepsiCo, Inc. (NASDAQ:PEP)

Alerus Financial NA raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 9.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,389 shares of the company’s stock after buying an additional 207 shares during the quarter. Alerus Financial NA’s holdings in PepsiCo were worth $354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Ausdal Financial Partners Inc. grew its holdings in PepsiCo by 0.8% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 7,951 shares of the company’s stock valued at $1,178,000 after buying an additional 64 shares in the last quarter. Mosaic Family Wealth LLC boosted its position in shares of PepsiCo by 0.8% during the 2nd quarter. Mosaic Family Wealth LLC now owns 8,507 shares of the company’s stock valued at $1,260,000 after acquiring an additional 65 shares during the last quarter. Loudon Investment Management LLC boosted its position in shares of PepsiCo by 0.7% during the 2nd quarter. Loudon Investment Management LLC now owns 9,948 shares of the company’s stock valued at $1,474,000 after acquiring an additional 67 shares during the last quarter. Peninsula Asset Management Inc. boosted its position in shares of PepsiCo by 0.3% during the 2nd quarter. Peninsula Asset Management Inc. now owns 26,322 shares of the company’s stock valued at $3,900,000 after acquiring an additional 69 shares during the last quarter. Finally, Valley Brook Capital Group Inc. boosted its position in shares of PepsiCo by 0.7% during the 2nd quarter. Valley Brook Capital Group Inc. now owns 9,816 shares of the company’s stock valued at $1,454,000 after acquiring an additional 71 shares during the last quarter. 70.55% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:PEP traded up $0.81 on Wednesday, hitting $154.35. 14,953 shares of the company’s stock were exchanged, compared to its average volume of 4,963,854. PepsiCo, Inc. has a 12 month low of $128.32 and a 12 month high of $159.63. The stock has a market capitalization of $213.33 billion, a price-to-earnings ratio of 25.94, a price-to-earnings-growth ratio of 2.96 and a beta of 0.60. The business’s 50 day simple moving average is $155.94 and its two-hundred day simple moving average is $148.39. The company has a debt-to-equity ratio of 2.47, a current ratio of 0.91 and a quick ratio of 0.70.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Monday, July 12th. The company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.53 by $0.19. The firm had revenue of $19.22 billion for the quarter, compared to analyst estimates of $17.95 billion. PepsiCo had a return on equity of 59.56% and a net margin of 11.01%. The business’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.32 earnings per share. Equities analysts forecast that PepsiCo, Inc. will post 6.24 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 30th. Stockholders of record on Friday, September 3rd will be paid a dividend of $1.075 per share. The ex-dividend date is Thursday, September 2nd. This represents a $4.30 annualized dividend and a dividend yield of 2.79%. PepsiCo’s dividend payout ratio is currently 77.90%.

A number of research firms have recently commented on PEP. Wells Fargo & Company increased their target price on PepsiCo from $147.00 to $160.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 14th. Citigroup increased their target price on PepsiCo from $162.00 to $176.00 and gave the company a “buy” rating in a research report on Wednesday, July 14th. Guggenheim increased their target price on PepsiCo from $171.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday. Zacks Investment Research downgraded PepsiCo from a “buy” rating to a “hold” rating and set a $164.00 price target for the company. in a research report on Monday, August 9th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on PepsiCo from $149.00 to $154.00 and gave the stock a “hold” rating in a research report on Wednesday, July 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $160.77.

In other PepsiCo news, SVP Marie T. Gallagher sold 7,409 shares of the firm’s stock in a transaction dated Monday, July 19th. The stock was sold at an average price of $155.70, for a total value of $1,153,581.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.14% of the company’s stock.

About PepsiCo

PepsiCo, Inc engages in the manufacture, marketing, distribution and sale of beverages, food, and snacks. It is a food and beverage company with a complementary portfolio of brands, including Frito-Lay, Gatorade, Pepsi-Cola, Quaker, and Tropicana. It operates through the following business segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; and Africa, Middle East and South Asia The Frito-Lay North America segment markets, distributes, and sells snack foods under the Lay’s, Doritos, Cheetos, Tostitos, Fritos, Ruffles, and Santitas brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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