Steward Partners Investment Advisory LLC Raises Stake in PepsiCo, Inc. (NASDAQ:PEP)

Steward Partners Investment Advisory LLC grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 67,114 shares of the company’s stock after purchasing an additional 4,183 shares during the period. Steward Partners Investment Advisory LLC’s holdings in PepsiCo were worth $8,800,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Oregon Public Employees Retirement Fund boosted its position in shares of PepsiCo by 10,622.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 34,704,199 shares of the company’s stock worth $314,000 after buying an additional 34,380,553 shares in the last quarter. BlackRock Inc. boosted its position in shares of PepsiCo by 2.4% in the 4th quarter. BlackRock Inc. now owns 97,102,071 shares of the company’s stock worth $10,727,836,000 after buying an additional 2,275,511 shares in the last quarter. Thoroughbred Financial Services LLC boosted its position in shares of PepsiCo by 13,410.8% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,806,262 shares of the company’s stock worth $180,626,000 after buying an additional 1,792,893 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of PepsiCo by 34.2% in the 4th quarter. California Public Employees Retirement System now owns 6,285,045 shares of the company’s stock worth $694,372,000 after buying an additional 1,600,360 shares in the last quarter. Finally, Railway Pension Investments Ltd purchased a new stake in shares of PepsiCo in the 2nd quarter worth about $16,182,000. Institutional investors own 71.18% of the company’s stock.

In other news, CEO Kirk Tanner sold 9,573 shares of the company’s stock in a transaction dated 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 owns 105,350 shares of the company’s stock, valued at approximately $13,500,602.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Steven C. Williams sold 2,420 shares of the company’s stock in a transaction dated 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 approximately $7,356,534. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,424 shares of company stock worth $3,548,173. 0.28% of the stock is owned by insiders.

NASDAQ:PEP traded down $1.43 on Friday, reaching $128.04. The stock had a trading volume of 69,326 shares, compared to its average volume of 4,675,867. The stock has a market cap of $176.80 billion, a P/E ratio of 22.58, a price-to-earnings-growth ratio of 3.28 and a beta of 0.60. The company has a current ratio of 0.86, a quick ratio of 0.66 and a debt-to-equity ratio of 1.97. The stock’s fifty day simple moving average is $131.44. PepsiCo, Inc. has a 12-month low of $104.53 and a 12-month high of $135.24.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, July 9th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.05. The company had revenue of $16.45 billion for 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 firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.61 EPS. As a group, analysts anticipate that PepsiCo, Inc. will post 5.51 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be issued a $0.955 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $3.82 dividend on an annualized basis and a yield of 2.98%. PepsiCo’s dividend payout ratio (DPR) is 67.49%.

PEP has been the topic of several recent research reports. SunTrust Banks reiterated a “hold” rating and issued a $125.00 price objective on shares of PepsiCo in a research report on Wednesday, July 10th. Cowen boosted their price objective on shares of PepsiCo from $142.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 10th. Atlantic Securities initiated coverage on shares of PepsiCo in a research report on Monday, July 29th. They issued an “overweight” rating and a $145.00 price objective on the stock. Royal Bank of Canada set a $115.00 price objective on shares of PepsiCo and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Finally, Goldman Sachs Group set a $132.00 price objective on shares of PepsiCo and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. PepsiCo currently has an average rating of “Hold” and an average price target of $129.35.

About PepsiCo

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.

Featured Article: What is the Current Ratio?

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

Receive News & Ratings for PepsiCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo and related companies with MarketBeat.com's FREE daily email newsletter.