PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Adviser Investments LLC

Adviser Investments LLC raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 46,244 shares of the company’s stock after purchasing an additional 1,518 shares during the quarter. Adviser Investments LLC’s holdings in PepsiCo were worth $5,109,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in PepsiCo by 1.4% in the third quarter. Vanguard Group Inc. now owns 119,706,640 shares of the company’s stock worth $13,383,201,000 after acquiring an additional 1,595,038 shares during the period. Vanguard Group Inc grew its position in PepsiCo by 1.4% in the third quarter. Vanguard Group Inc now owns 119,706,640 shares of the company’s stock worth $13,383,201,000 after acquiring an additional 1,595,038 shares during the period. BlackRock Inc. boosted its position in shares of PepsiCo by 1.0% during the third quarter. BlackRock Inc. now owns 94,826,560 shares of the company’s stock worth $10,601,611,000 after buying an additional 974,404 shares during the period. Bank of New York Mellon Corp boosted its position in shares of PepsiCo by 3,272,537.9% during the third quarter. Bank of New York Mellon Corp now owns 19,930,365 shares of the company’s stock worth $2,228,213,000 after buying an additional 19,929,756 shares during the period. Finally, Fisher Asset Management LLC boosted its position in shares of PepsiCo by 2.9% during the fourth quarter. Fisher Asset Management LLC now owns 6,851,582 shares of the company’s stock worth $756,963,000 after buying an additional 193,336 shares during the period. Institutional investors and hedge funds own 72.30% of the company’s stock.

In related news, CEO Vivek Sankaran sold 13,000 shares of PepsiCo stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $117.28, for a total transaction of $1,524,640.00. Following the completion of the transaction, the chief executive officer now directly owns 90,379 shares in the company, valued at approximately $10,599,649.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Marie T. Gallagher sold 7,800 shares of PepsiCo stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $125.99, for a total value of $982,722.00. Following the transaction, the senior vice president now owns 55,665 shares of the company’s stock, valued at $7,013,233.35. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by insiders.

Several research analysts have recently commented on the company. BidaskClub lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, January 16th. Zacks Investment Research upgraded PepsiCo from a “sell” rating to a “hold” rating in a research report on Tuesday, February 12th. Goldman Sachs Group upgraded PepsiCo from a “sell” rating to a “neutral” rating and increased their price objective for the company from $111.00 to $132.00 in a research note on Thursday, April 18th. Jefferies Financial Group increased their price objective on PepsiCo to $119.00 and gave the company a “hold” rating in a research note on Tuesday, February 19th. They noted that the move was a valuation call. Finally, Bank of America increased their price objective on PepsiCo from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and ten have issued a buy rating to the stock. PepsiCo presently has an average rating of “Hold” and an average price target of $123.80.

Shares of PEP traded down $0.17 during midday trading on Wednesday, reaching $126.92. 3,159,156 shares of the stock were exchanged, compared to its average volume of 5,247,912. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.85 and a current ratio of 0.94. PepsiCo, Inc. has a twelve month low of $95.94 and a twelve month high of $128.26. The stock has a market capitalization of $178.33 billion, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 3.12 and a beta of 0.65.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Wednesday, April 17th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.05. PepsiCo had a return on equity of 65.12% and a net margin of 19.37%. The firm had revenue of $12.88 billion for the quarter, compared to analyst estimates of $12.68 billion. During the same quarter last year, the company posted $0.96 earnings per share. The business’s revenue was up 2.6% on a year-over-year basis. On average, equities research analysts forecast that PepsiCo, Inc. will post 5.51 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 1st were issued a $0.9275 dividend. This represents a $3.71 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date was Thursday, February 28th. PepsiCo’s dividend payout ratio is presently 65.55%.

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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.

Further Reading: What are Institutional Investors?

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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