PepsiCo, Inc. (NASDAQ:PEP) Stake Lessened by Sara Bay Financial

Sara Bay Financial cut its stake in PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 7.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,815 shares of the company’s stock after selling 236 shares during the period. Sara Bay Financial’s holdings in PepsiCo were worth $471,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. West Oak Capital LLC lifted its holdings in shares of PepsiCo by 0.4% during the 4th quarter. West Oak Capital LLC now owns 14,389 shares of the company’s stock worth $2,500,000 after acquiring an additional 60 shares during the period. Lenox Wealth Advisors LLC lifted its holdings in shares of PepsiCo by 4.1% during the 4th quarter. Lenox Wealth Advisors LLC now owns 1,530 shares of the company’s stock worth $266,000 after acquiring an additional 60 shares during the period. Colton Groome Financial Advisors LLC lifted its holdings in shares of PepsiCo by 1.4% during the 4th quarter. Colton Groome Financial Advisors LLC now owns 4,355 shares of the company’s stock worth $757,000 after acquiring an additional 60 shares during the period. Sugarloaf Wealth Management LLC lifted its holdings in shares of PepsiCo by 3.5% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 1,755 shares of the company’s stock worth $305,000 after acquiring an additional 60 shares during the period. Finally, Donald L. Hagan LLC lifted its holdings in PepsiCo by 1.2% during the 4th quarter. Donald L. Hagan LLC now owns 5,118 shares of the company’s stock valued at $889,000 after purchasing an additional 60 shares during the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.

Shares of NASDAQ:PEP opened at $162.03 on Thursday. PepsiCo, Inc. has a one year low of $144.61 and a one year high of $177.62. The company has a 50 day moving average of $166.98 and a 200-day moving average of $168.10. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.87 and a quick ratio of 0.68. The stock has a market cap of $224.04 billion, a price-to-earnings ratio of 22.17, a P/E/G ratio of 3.12 and a beta of 0.59.

PepsiCo (NASDAQ:PEPGet Rating) last issued its quarterly earnings results on Tuesday, April 26th. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.24 by $0.05. PepsiCo had a net margin of 12.57% and a return on equity of 53.44%. The company had revenue of $16.20 billion during the quarter, compared to analysts’ expectations of $15.54 billion. During the same quarter in the previous year, the company earned $1.21 EPS. PepsiCo’s revenue was up 9.3% on a year-over-year basis. Equities research analysts anticipate that PepsiCo, Inc. will post 6.64 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Friday, June 3rd will be paid a dividend of $1.15 per share. This is a positive change from PepsiCo’s previous quarterly dividend of $1.08. The ex-dividend date is Thursday, June 2nd. This represents a $4.60 annualized dividend and a yield of 2.84%. PepsiCo’s dividend payout ratio (DPR) is presently 62.93%.

In related news, EVP David Flavell sold 5,150 shares of PepsiCo stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $175.11, for a total transaction of $901,816.50. Following the transaction, the executive vice president now owns 28,275 shares of the company’s stock, valued at approximately $4,951,235.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Eugene Willemsen sold 4,560 shares of PepsiCo stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $175.61, for a total transaction of $800,781.60. Following the transaction, the chief executive officer now directly owns 8,277 shares in the company, valued at approximately $1,453,523.97. The disclosure for this sale can be found here. 0.12% of the stock is owned by company insiders.

Several brokerages recently issued reports on PEP. Credit Suisse Group lifted their price target on shares of PepsiCo from $163.00 to $168.00 in a report on Wednesday, April 27th. UBS Group cut their price target on shares of PepsiCo from $190.00 to $182.00 and set a “buy” rating for the company in a report on Tuesday. Guggenheim lifted their price target on shares of PepsiCo from $188.00 to $193.00 in a report on Wednesday, April 27th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of PepsiCo from $173.00 to $175.00 in a report on Wednesday, April 27th. Finally, Citigroup lifted their price target on shares of PepsiCo from $194.00 to $198.00 in a report on Wednesday, April 27th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $177.13.

PepsiCo Company Profile (Get Rating)

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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