Bell & Brown Wealth Advisors LLC raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 154.1% in the 4th quarter, Holdings Channel reports. The firm owned 28,766 shares of the company’s stock after purchasing an additional 17,447 shares during the quarter. Bell & Brown Wealth Advisors LLC’s holdings in PepsiCo were worth $3,178,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of PEP. Highwater Wealth Management LLC bought a new stake in shares of PepsiCo during the fourth quarter worth $28,000. Horan Securities Inc. raised its position in shares of PepsiCo by 460.0% during the fourth quarter. Horan Securities Inc. now owns 280 shares of the company’s stock worth $30,000 after acquiring an additional 230 shares during the last quarter. 1 North Wealth Services LLC bought a new stake in shares of PepsiCo during the fourth quarter worth $39,000. Financial Gravity Companies Inc. bought a new stake in shares of PepsiCo during the fourth quarter worth $41,000. Finally, Sound Income Strategies LLC raised its position in shares of PepsiCo by 50.8% during the fourth quarter. Sound Income Strategies LLC now owns 597 shares of the company’s stock worth $66,000 after acquiring an additional 201 shares during the last quarter. Hedge funds and other institutional investors own 71.79% of the company’s stock.

NASDAQ:PEP opened at $130.51 on Monday. PepsiCo, Inc. has a 1 year low of $97.32 and a 1 year high of $130.87. The company has a quick ratio of 0.75, a current ratio of 0.94 and a debt-to-equity ratio of 1.99. The stock has a market capitalization of $182.95 billion, a price-to-earnings ratio of 23.06, a price-to-earnings-growth ratio of 3.39 and a beta of 0.66.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Wednesday, April 17th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. PepsiCo had a return on equity of 65.12% and a net margin of 19.37%. The firm had revenue of $12.88 billion during the quarter, compared to analysts’ expectations of $12.68 billion. During the same period in the previous year, the firm earned $0.96 earnings per share. The company’s revenue was up 2.6% on a year-over-year basis. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 5.51 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a $0.955 dividend. This represents a $3.82 dividend on an annualized basis and a yield of 2.93%. This is a boost from PepsiCo’s previous quarterly dividend of $0.93. The ex-dividend date is Thursday, June 6th. PepsiCo’s payout ratio is presently 65.55%.

PEP has been the subject of a number of recent analyst reports. Goldman Sachs Group set a $132.00 price objective on PepsiCo and gave the company a “neutral” rating in a report on Wednesday, April 24th. Royal Bank of Canada set a $115.00 price objective on PepsiCo and gave the company a “neutral” rating in a report on Wednesday, April 24th. Zacks Investment Research downgraded PepsiCo from a “hold” rating to a “sell” rating in a report on Thursday, February 21st. Morgan Stanley upped their price objective on PepsiCo from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Tuesday, February 19th. Finally, SunTrust Banks upped their price objective on PepsiCo to $120.00 and gave the company a “hold” rating in a report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the stock. PepsiCo presently has an average rating of “Buy” and a consensus price target of $124.65.

In other news, SVP Marie T. Gallagher sold 7,800 shares of the company’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $125.99, for a total transaction of $982,722.00. Following the completion of the transaction, the senior vice president now directly owns 55,665 shares of the company’s stock, valued at $7,013,233.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David Yawman sold 25,263 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $126.42, for a total value of $3,193,748.46. Following the transaction, the executive vice president now directly owns 80,934 shares of the company’s stock, valued at $10,231,676.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,063 shares of company stock valued at $5,701,110. Insiders own 0.28% of the company’s stock.

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PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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