RB Capital Management LLC Buys 1,737 Shares of PepsiCo, Inc. (NASDAQ:PEP)

RB Capital Management LLC raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 7.6% during the 2nd quarter, Holdings Channel reports. The fund owned 24,644 shares of the company’s stock after purchasing an additional 1,737 shares during the period. PepsiCo comprises approximately 1.5% of RB Capital Management LLC’s holdings, making the stock its 13th largest position. RB Capital Management LLC’s holdings in PepsiCo were worth $4,107,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of PEP. Mutual Advisors LLC boosted its position in PepsiCo by 12.5% during the 4th quarter. Mutual Advisors LLC now owns 9,203 shares of the company’s stock valued at $1,599,000 after acquiring an additional 1,022 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of PepsiCo in the 4th quarter worth $311,000. HBK Investments L P acquired a new stake in shares of PepsiCo in the 4th quarter worth $1,958,000. Unigestion Holding SA acquired a new stake in shares of PepsiCo in the 4th quarter worth $2,202,000. Finally, Banco de Sabadell S.A boosted its position in shares of PepsiCo by 16.6% in the 4th quarter. Banco de Sabadell S.A now owns 11,179 shares of the company’s stock worth $1,946,000 after purchasing an additional 1,588 shares in the last quarter. Institutional investors own 71.38% of the company’s stock.

PepsiCo Stock Performance

NASDAQ PEP opened at $168.60 on Friday. The stock has a 50-day simple moving average of $173.32 and a two-hundred day simple moving average of $170.45. 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, Inc. has a fifty-two week low of $149.48 and a fifty-two week high of $181.07. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.64 and a current ratio of 0.83.

PepsiCo (NASDAQ:PEPGet Rating) last released its quarterly earnings data on Tuesday, July 12th. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.13. The business 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 company’s revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business posted $1.72 EPS. On average, equities analysts forecast that PepsiCo, Inc. will post 6.66 earnings per share for the current year.

PepsiCo Dividend Announcement

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

Insider Buying and Selling at PepsiCo

In other news, CEO Ramkumar Krishnan sold 3,433 shares of the firm’s 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 sale, the chief executive officer now directly owns 50,577 shares in the company, valued at approximately $8,842,376.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Ramkumar Krishnan sold 3,433 shares of the firm’s 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 sale, the chief executive officer now directly owns 50,577 shares in the company, valued at approximately $8,842,376.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Steven C. Williams sold 1,753 shares of the firm’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $171.18, for a total value of $300,078.54. Following the sale, the chief executive officer now owns 70,892 shares in the company, valued at $12,135,292.56. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on PEP shares. UBS Group lowered their price objective 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 price objective 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. lowered their price objective on PepsiCo from $186.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, July 6th. Barclays reduced their target price on PepsiCo from $187.00 to $183.00 and set an “overweight” rating for the company in a research note on Wednesday, July 6th. Finally, Wells Fargo & Company reduced their target price on PepsiCo from $175.00 to $172.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 21st. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $182.00.

About PepsiCo

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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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