Dubuque Bank & Trust Co. Trims Stake in PepsiCo, Inc. (NASDAQ:PEP)

Dubuque Bank & Trust Co. reduced its position in PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 3.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cordant Inc. bought a new position in PepsiCo in the 1st quarter worth about $27,000. Landmark Wealth Management LLC bought a new position in PepsiCo in the 1st quarter worth about $29,000. Strategic Asset Management LLC grew its stake in PepsiCo by 53.3% in the 1st quarter. Strategic Asset Management LLC now owns 276 shares of the company’s stock worth $46,000 after acquiring an additional 96 shares in the last quarter. Retirement Group LLC grew its stake in PepsiCo by 100.0% in the 1st quarter. Retirement Group LLC now owns 322 shares of the company’s stock worth $54,000 after acquiring an additional 161 shares in the last quarter. Finally, Lansing Street Advisors bought a new position in PepsiCo in the 1st quarter worth about $58,000. 71.38% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Price Performance

Shares of PEP opened at $168.60 on Friday. The company has a market cap of $232.65 billion, a price-to-earnings ratio of 25.39, a price-to-earnings-growth ratio of 3.30 and a beta of 0.55. PepsiCo, Inc. has a twelve month low of $149.48 and a twelve month high of $181.07. The company has a quick ratio of 0.64, a current ratio of 0.83 and a debt-to-equity ratio of 1.78. The company has a 50 day moving average of $173.32 and a two-hundred day moving average of $170.45.

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 the consensus estimate of $1.73 by $0.13. The company had revenue of $20.23 billion during the quarter, compared to the consensus estimate of $19.51 billion. PepsiCo had a net margin of 11.28% and a return on equity of 52.01%. PepsiCo’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the firm earned $1.72 earnings per share. As a group, analysts predict that PepsiCo, Inc. will post 6.66 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 2nd will be issued 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 dividend yield of 2.73%. PepsiCo’s dividend payout ratio is currently 69.28%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PEP. Credit Suisse Group increased their price objective on shares of PepsiCo from $168.00 to $170.00 and gave the company a “neutral” rating in a research note on Wednesday, July 13th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of PepsiCo from $175.00 to $178.00 and gave the company a “hold” rating in a research note on Thursday, July 7th. UBS Group dropped their price objective on shares of PepsiCo from $190.00 to $182.00 and set a “buy” rating on the stock in a research note on Tuesday, June 21st. Wells Fargo & Company dropped their price objective on shares of PepsiCo from $175.00 to $172.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 21st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of PepsiCo from $186.00 to $185.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 6th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $182.00.

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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