PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by SS&H Financial Advisors Inc.

SS&H Financial Advisors Inc. lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 3.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,299 shares of the company’s stock after selling 1,350 shares during the period. PepsiCo accounts for approximately 2.7% of SS&H Financial Advisors Inc.’s portfolio, making the stock its 6th largest position. SS&H Financial Advisors Inc.’s holdings in PepsiCo were worth $5,883,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Cordant Inc. purchased a new stake in shares of PepsiCo in the first quarter valued at about $27,000. Strategic Asset Management LLC raised its holdings in shares of PepsiCo by 53.3% in the first quarter. Strategic Asset Management LLC now owns 276 shares of the company’s stock valued at $46,000 after buying an additional 96 shares during the last quarter. Landmark Wealth Management LLC purchased a new stake in shares of PepsiCo in the first quarter valued at about $29,000. Retirement Group LLC raised its holdings in shares of PepsiCo by 100.0% in the first quarter. Retirement Group LLC now owns 322 shares of the company’s stock valued at $54,000 after buying an additional 161 shares during the last quarter. Finally, Lansing Street Advisors purchased a new stake in shares of PepsiCo in the first quarter valued at about $58,000. Institutional investors and hedge funds own 71.38% of the company’s stock.

Insiders Place Their Bets

In other PepsiCo news, CEO Ramkumar Krishnan sold 3,433 shares of the stock in a transaction that occurred 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 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 legal filing with the SEC, which is accessible through the SEC website. In other PepsiCo news, CEO Ramkumar Krishnan sold 3,433 shares of the stock in a transaction that occurred 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 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 legal filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $300,078.54. Following the completion of the transaction, the chief executive officer now directly owns 70,892 shares in the company, valued at approximately $12,135,292.56. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by insiders.

PepsiCo Stock Up 0.1 %

PEP stock opened at $168.60 on Friday. The company’s 50 day simple moving average is $173.32 and its 200-day simple moving average is $170.45. The firm has a market capitalization of $232.65 billion, a PE ratio of 25.39, a P/E/G ratio of 3.30 and a beta of 0.55. PepsiCo, Inc. has a 12 month low of $149.48 and a 12 month high of $181.07. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.83 and a quick ratio of 0.64.

PepsiCo (NASDAQ:PEPGet Rating) last announced its quarterly earnings data on Tuesday, July 12th. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.13. The business had revenue of $20.23 billion for 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%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.72 earnings per share. Equities analysts expect that PepsiCo, Inc. will post 6.66 earnings per share 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 paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Thursday, September 1st. PepsiCo’s payout ratio is 69.28%.

Wall Street Analyst Weigh In

PEP has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their target price 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. Deutsche Bank Aktiengesellschaft boosted their price target on shares of PepsiCo from $175.00 to $178.00 and gave the stock a “hold” rating in a research note on Thursday, July 7th. Wells Fargo & Company dropped their price target 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. UBS Group dropped their price target 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. Finally, Credit Suisse Group boosted their price target on shares of PepsiCo from $168.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 13th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock 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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