Vivaldi Capital Management LLC grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 160.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 8,372 shares of the company’s stock after buying an additional 5,159 shares during the quarter. Vivaldi Capital Management LLC’s holdings in PepsiCo were worth $1,098,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in PEP. Personal Wealth Partners acquired a new position in shares of PepsiCo during the second quarter valued at about $25,000. Krane Funds Advisors LLC acquired a new stake in shares of PepsiCo in the 2nd quarter worth about $25,000. Evolution Wealth Advisors LLC acquired a new stake in shares of PepsiCo in the 2nd quarter worth about $27,000. Financial Advantage Inc. acquired a new stake in shares of PepsiCo in the 2nd quarter worth about $28,000. Finally, Mackey Komara & Dankovich LLC raised its holdings in shares of PepsiCo by 199.0% in the 2nd quarter. Mackey Komara & Dankovich LLC now owns 858 shares of the company’s stock worth $38,000 after acquiring an additional 571 shares during the last quarter. Hedge funds and other institutional investors own 71.46% of the company’s stock.

In other news, CEO Kirk Tanner sold 9,573 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $128.15, for a total transaction of $1,226,779.95. Following the completion of the transaction, the chief executive officer now directly owns 105,350 shares of the company’s stock, valued at approximately $13,500,602.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Steven C. Williams sold 2,420 shares of the stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $133.95, for a total transaction of $324,159.00. Following the transaction, the chief executive officer now directly owns 54,920 shares of the company’s stock, valued at $7,356,534. The disclosure for this sale can be found here. 0.28% of the stock is owned by corporate insiders.

A number of research firms recently weighed in on PEP. Cowen upped their target price on shares of PepsiCo from $142.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, July 10th. SunTrust Banks restated a “hold” rating and issued a $125.00 target price on shares of PepsiCo in a report on Wednesday, July 10th. Morgan Stanley upped their target price on shares of PepsiCo from $143.00 to $149.00 and gave the stock an “overweight” rating in a report on Wednesday, September 11th. They noted that the move was a valuation call. Bank of America upped their target price on shares of PepsiCo from $135.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Finally, BMO Capital Markets restated an “average” rating and issued a $128.00 target price on shares of PepsiCo in a report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $131.21.

PEP stock traded down $0.21 during trading on Friday, reaching $135.27. The stock had a trading volume of 223,837 shares, compared to its average volume of 3,709,062. PepsiCo, Inc. has a one year low of $104.53 and a one year high of $139.18. The company has a quick ratio of 0.66, a current ratio of 0.86 and a debt-to-equity ratio of 1.97. The company’s 50 day moving average is $132.74 and its two-hundred day moving average is $128.46. The company has a market capitalization of $189.73 billion, a price-to-earnings ratio of 23.89, a P/E/G ratio of 3.52 and a beta of 0.56.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, July 9th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.05. PepsiCo had a net margin of 19.59% and a return on equity of 59.50%. The business had revenue of $16.45 billion during the quarter, compared to the consensus estimate of $16.44 billion. During the same period in the prior year, the firm posted $1.61 EPS. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. As a group, research analysts predict that PepsiCo, Inc. will post 5.51 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be given a dividend of $0.955 per share. This represents a $3.82 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend is Thursday, September 5th. PepsiCo’s dividend payout ratio is currently 67.49%.

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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