Unified Trust Company N.A. Has $3.61 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Unified Trust Company N.A. increased its position in PepsiCo, Inc. (NASDAQ:PEP) by 3.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,540 shares of the company’s stock after buying an additional 892 shares during the period. PepsiCo accounts for 2.5% of Unified Trust Company N.A.’s portfolio, making the stock its 15th largest holding. Unified Trust Company N.A.’s holdings in PepsiCo were worth $3,611,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in PEP. Centaurus Financial Inc. boosted its position in PepsiCo by 757.8% during the second quarter. Centaurus Financial Inc. now owns 3,208 shares of the company’s stock worth $421,000 after purchasing an additional 2,834 shares during the period. Change Path LLC boosted its position in PepsiCo by 18.1% during the second quarter. Change Path LLC now owns 2,516 shares of the company’s stock worth $330,000 after purchasing an additional 386 shares during the period. Victory Capital Management Inc. boosted its position in PepsiCo by 76.5% during the second quarter. Victory Capital Management Inc. now owns 539,604 shares of the company’s stock worth $70,758,000 after purchasing an additional 233,884 shares during the period. UBS Asset Management Americas Inc. boosted its position in PepsiCo by 7.3% during the second quarter. UBS Asset Management Americas Inc. now owns 6,997,618 shares of the company’s stock worth $917,598,000 after purchasing an additional 478,821 shares during the period. Finally, Covenant Partners LLC bought a new stake in PepsiCo during the second quarter worth approximately $465,000. Hedge funds and other institutional investors own 71.46% of the company’s stock.

A number of equities research analysts have issued reports on the company. Jefferies Financial Group upped their target price on PepsiCo from $123.00 to $134.00 and gave the stock a “hold” rating in a research report on Wednesday, July 10th. Cowen upped their target price on PepsiCo from $142.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 10th. Credit Suisse Group upped their target price on PepsiCo from $110.00 to $117.00 and gave the stock an “underperform” rating in a research report on Friday, September 6th. SunTrust Banks reaffirmed a “hold” rating and set a $125.00 target price on shares of PepsiCo in a research report on Wednesday, July 10th. Finally, UBS Group upped their target price on PepsiCo from $130.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company’s stock. PepsiCo has a consensus rating of “Buy” and a consensus price target of $131.21.

In related news, CEO Kirk Tanner sold 9,573 shares of the firm’s stock in a transaction on 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 $13,500,602.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Steven C. Williams sold 2,420 shares of the firm’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $133.95, for a total value of $324,159.00. Following the completion of 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 currently owned by corporate insiders.

Shares of PEP traded down $0.77 during mid-day trading on Friday, hitting $134.71. The company’s stock had a trading volume of 4,848,390 shares, compared to its average volume of 3,714,315. PepsiCo, Inc. has a one year low of $104.53 and a one year high of $139.18. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.66 and a current ratio of 0.86. The firm has a market capitalization of $189.42 billion, a PE ratio of 23.80, a price-to-earnings-growth ratio of 3.52 and a beta of 0.56. The stock’s 50-day moving average is $132.86 and its two-hundred day moving average is $128.55.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be given a $0.955 dividend. The ex-dividend date is Thursday, September 5th. This represents a $3.82 annualized dividend and a dividend yield of 2.84%. PepsiCo’s dividend payout ratio is 67.49%.

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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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