Franklin Street Advisors Inc. NC Purchases 983 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Franklin Street Advisors Inc. NC boosted its position in PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 16.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,088 shares of the company’s stock after acquiring an additional 983 shares during the period. Franklin Street Advisors Inc. NC’s holdings in PepsiCo were worth $1,181,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PEP. Cypress Wealth Services LLC lifted its holdings in shares of PepsiCo by 2.3% in 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 in the last quarter. Retirement Planning Co of New England Inc. increased its position 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 acquiring an additional 59 shares during the last quarter. Cullen Capital Management LLC increased its position 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 acquiring an additional 60 shares during the last quarter. Guardian Wealth Advisors LLC increased its position 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 acquiring an additional 61 shares during the last quarter. Finally, Titleist Asset Management LTD. increased its position 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 acquiring an additional 62 shares during the last quarter. Institutional investors own 71.38% of the company’s stock.

Insider Activity at PepsiCo

In other PepsiCo news, CEO Ramkumar Krishnan sold 3,433 shares of PepsiCo 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 completion of the sale, the chief executive officer now owns 50,577 shares of the company’s stock, valued at $8,842,376.91. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Steven C. Williams sold 1,753 shares of the business’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $171.18, for a total transaction 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ramkumar Krishnan sold 3,433 shares of the business’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $174.83, for a total value of $600,191.39. Following the transaction, the chief executive officer now owns 50,577 shares in the company, valued at approximately $8,842,376.91. The disclosure for this sale can be found here. 0.12% of the stock is owned by corporate insiders.

PepsiCo Price Performance

PepsiCo stock opened at $168.60 on Friday. PepsiCo, Inc. has a one year low of $149.48 and a one year high of $181.07. The business has a fifty day moving average price of $173.32 and a 200-day moving average price of $170.45. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.83 and a quick ratio of 0.64. The firm has a market capitalization of $232.65 billion, a P/E ratio of 25.39, a PEG ratio of 3.30 and a beta of 0.55.

PepsiCo (NASDAQ:PEPGet Rating) last posted its quarterly earnings results 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 business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the company earned $1.72 earnings per share. As a group, equities research analysts forecast that PepsiCo, Inc. will post 6.66 EPS for the current year.

PepsiCo Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages recently commented on PEP. Wells Fargo & Company decreased their price target 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. UBS Group decreased their target price on PepsiCo from $190.00 to $182.00 and set a “buy” rating for the company in a research report on Tuesday, June 21st. Deutsche Bank Aktiengesellschaft raised their target price on PepsiCo from $175.00 to $178.00 and gave the stock a “hold” rating in a research report on Thursday, July 7th. JPMorgan Chase & Co. decreased their target price on PepsiCo from $186.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, July 6th. Finally, Credit Suisse Group raised their target price on PepsiCo from $168.00 to $170.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 13th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $182.00.

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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