PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Navellier & Associates Inc

Navellier & Associates Inc boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,103 shares of the company’s stock after buying an additional 100 shares during the quarter. Navellier & Associates Inc’s holdings in PepsiCo were worth $1,980,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. First Command Financial Services Inc. increased its position in shares of PepsiCo by 1.0% in the 2nd quarter. First Command Financial Services Inc. now owns 9,440 shares of the company’s stock worth $1,238,000 after purchasing an additional 95 shares during the last quarter. Stockman Wealth Management Inc. increased its position in shares of PepsiCo by 0.5% in the 4th quarter. Stockman Wealth Management Inc. now owns 18,804 shares of the company’s stock worth $2,077,000 after purchasing an additional 100 shares during the last quarter. Signet Financial Management LLC increased its position in shares of PepsiCo by 3.7% in the 4th quarter. Signet Financial Management LLC now owns 2,827 shares of the company’s stock worth $312,000 after purchasing an additional 100 shares during the last quarter. Telos Capital Management Inc. increased its position in shares of PepsiCo by 0.3% in the 4th quarter. Telos Capital Management Inc. now owns 34,032 shares of the company’s stock worth $3,760,000 after purchasing an additional 101 shares during the last quarter. Finally, Whitnell & Co. increased its position in shares of PepsiCo by 0.4% in the 4th quarter. Whitnell & Co. now owns 26,335 shares of the company’s stock worth $2,909,000 after purchasing an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

In related news, 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 completion of the sale, the chief executive officer now directly owns 54,920 shares of the company’s stock, valued at $7,356,534. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Ramon Laguarta sold 15,431 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $129.43, for a total transaction of $1,997,234.33. Following the sale, the chairman now directly owns 232,394 shares of the company’s stock, valued at $30,078,755.42. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.

Several research firms have recently weighed in on PEP. Macquarie boosted their target price on shares of PepsiCo from $126.00 to $138.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Jefferies Financial Group boosted their target price on shares of PepsiCo from $123.00 to $134.00 and gave the stock a “hold” rating in a research report on Wednesday, July 10th. SunTrust Banks reissued a “hold” rating and issued a $125.00 target price on shares of PepsiCo in a research report on Wednesday, July 10th. ValuEngine downgraded shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, Argus boosted their price objective on shares of Lululemon Athletica to $200.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company’s stock. PepsiCo presently has a consensus rating of “Hold” and an average target price of $129.35.

Shares of NASDAQ:PEP opened at $130.48 on Wednesday. The stock has a 50 day moving average of $132.33. The firm has a market cap of $183.47 billion, a price-to-earnings ratio of 23.05, a P/E/G ratio of 3.41 and a beta of 0.60. PepsiCo, Inc. has a twelve month low of $104.53 and a twelve month high of $135.24. The company has a current ratio of 0.86, a quick ratio of 0.66 and a debt-to-equity ratio of 1.97.

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

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be paid a $0.955 dividend. This represents a $3.82 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Thursday, September 5th. PepsiCo’s dividend payout ratio is currently 67.49%.

PepsiCo 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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