Regal Investment Advisors LLC grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,941 shares of the company’s stock after purchasing an additional 313 shares during the quarter. Regal Investment Advisors LLC’s holdings in PepsiCo were worth $1,828,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Evolution Wealth Advisors LLC bought a new position in shares of PepsiCo during the 2nd quarter worth approximately $27,000. Financial Advantage Inc. bought a new position in shares of PepsiCo during the 2nd quarter worth approximately $28,000. Mackey Komara & Dankovich LLC boosted its stake in shares of PepsiCo by 199.0% during 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 period. 1 North Wealth Services LLC bought a new position in shares of PepsiCo during the 4th quarter worth approximately $39,000. Finally, Financial Gravity Companies Inc. bought a new position in shares of PepsiCo during the 4th quarter worth approximately $41,000. 71.18% of the stock is currently owned by hedge funds and other institutional investors.
In other PepsiCo news, Chairman Ramon Laguarta sold 15,431 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $129.43, for a total value of $1,997,234.33. Following the completion of the transaction, the chairman now owns 232,394 shares of the company’s stock, valued at approximately $30,078,755.42. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Kirk Tanner sold 9,573 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $128.15, for a total value 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,424 shares of company stock valued at $3,548,173. Corporate insiders own 0.28% of the company’s stock.
PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, July 9th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.05. The business had revenue of $16.45 billion during the quarter, compared to the consensus estimate of $16.44 billion. PepsiCo had a return on equity of 59.50% and a net margin of 19.59%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.61 EPS. As a group, sell-side analysts expect that PepsiCo, Inc. will post 5.51 EPS 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. The ex-dividend date is Thursday, September 5th. This represents a $3.82 dividend on an annualized basis and a dividend yield of 2.97%. PepsiCo’s payout ratio is 67.49%.
Several research analysts have recently commented on PEP shares. BMO Capital Markets reiterated an “average” rating and set a $128.00 target price on shares of PepsiCo in a research note on Wednesday, July 10th. Macquarie lifted their target price on PepsiCo from $126.00 to $138.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. Jefferies Financial Group lifted their target price on PepsiCo from $123.00 to $134.00 and gave the stock a “hold” rating in a research note on Wednesday, July 10th. UBS Group lifted their target price on PepsiCo from $130.00 to $132.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Finally, Deutsche Bank lifted their target price on PepsiCo from $120.00 to $131.00 and gave the stock a “hold” rating in a research note on Thursday, April 18th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the stock. PepsiCo has an average rating of “Hold” and a consensus price target of $129.35.
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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