Willingdon Wealth Management Increases Holdings in Pepsico, Inc. (PEP)
Willingdon Wealth Management raised its stake in Pepsico, Inc. (NYSE:PEP) by 206.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,540 shares of the company’s stock after buying an additional 13,159 shares during the quarter. Willingdon Wealth Management’s holdings in Pepsico were worth $2,257,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Asset Planning Services Ltd. lifted its position in shares of Pepsico by 0.3% in the second quarter. Asset Planning Services Ltd. now owns 1,006 shares of the company’s stock worth $116,000 after purchasing an additional 3 shares in the last quarter. Accurate Investment Solutions Inc. lifted its position in shares of Pepsico by 0.3% in the second quarter. Accurate Investment Solutions Inc. now owns 1,851 shares of the company’s stock worth $214,000 after purchasing an additional 5 shares in the last quarter. Northwest Wealth Management LLC lifted its position in shares of Pepsico by 0.4% in the second quarter. Northwest Wealth Management LLC now owns 2,511 shares of the company’s stock worth $290,000 after purchasing an additional 11 shares in the last quarter. SRS Capital Advisors Inc. lifted its position in shares of Pepsico by 0.7% in the first quarter. SRS Capital Advisors Inc. now owns 2,710 shares of the company’s stock worth $303,000 after purchasing an additional 20 shares in the last quarter. Finally, Clear Harbor Asset Management LLC lifted its position in shares of Pepsico by 0.6% in the second quarter. Clear Harbor Asset Management LLC now owns 4,182 shares of the company’s stock worth $480,000 after purchasing an additional 23 shares in the last quarter. 70.50% of the stock is currently owned by hedge funds and other institutional investors.
In other Pepsico news, insider Ramon Laguarta sold 21,449 shares of the company’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $110.51, for a total value of $2,370,328.99. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.26% of the stock is owned by insiders.
A number of analysts have recently commented on the stock. Zacks Investment Research raised shares of Pepsico from a “hold” rating to a “buy” rating and set a $131.00 price objective on the stock in a research report on Monday. BMO Capital Markets reissued a “hold” rating and issued a $120.00 price objective on shares of Pepsico in a research report on Wednesday, September 6th. Credit Suisse Group reissued a “hold” rating and issued a $122.00 price objective (down previously from $124.00) on shares of Pepsico in a research report on Thursday, October 5th. Royal Bank Of Canada reissued a “hold” rating on shares of Pepsico in a research report on Sunday, November 12th. Finally, Macquarie initiated coverage on shares of Pepsico in a research report on Thursday, September 14th. They set an “outperform” rating and a $125.00 price target on the stock. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Pepsico presently has a consensus rating of “Buy” and a consensus price target of $121.96.
Pepsico, Inc. (NYSE:PEP) traded up $0.68 during midday trading on Tuesday, reaching $117.46. 4,403,000 shares of the company’s stock traded hands, compared to its average volume of 3,669,129. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.35 and a quick ratio of 1.21. Pepsico, Inc. has a 1 year low of $100.12 and a 1 year high of $119.39. The company has a market capitalization of $166,077.84, a price-to-earnings ratio of 22.81, a P/E/G ratio of 3.17 and a beta of 0.68.
Pepsico (NYSE:PEP) last posted its quarterly earnings results on Wednesday, October 4th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.05. Pepsico had a net margin of 10.97% and a return on equity of 59.68%. The firm had revenue of $16.24 billion for the quarter, compared to analyst estimates of $16.35 billion. During the same period in the prior year, the firm posted $1.40 earnings per share. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. sell-side analysts expect that Pepsico, Inc. will post 5.22 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 8th. Shareholders of record on Friday, December 1st will be issued a $0.805 dividend. The ex-dividend date is Thursday, November 30th. This represents a $3.22 annualized dividend and a dividend yield of 2.74%. Pepsico’s dividend payout ratio is currently 66.53%.
COPYRIGHT VIOLATION WARNING: This story was published by Watch List News and is the property of of Watch List News. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright law. The original version of this story can be read at https://www.watchlistnews.com/willingdon-wealth-management-increases-holdings-in-pepsico-inc-pep/1745546.html.
PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).
Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pepsico, Inc. (NYSE:PEP).
Receive News & Ratings for Pepsico Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pepsico Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.