Regentatlantic Capital LLC Raises Position in PepsiCo, Inc. (NASDAQ:PEP)

Regentatlantic Capital LLC lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,911 shares of the company’s stock after acquiring an additional 262 shares during the period. Regentatlantic Capital LLC’s holdings in PepsiCo were worth $1,537,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Nwam LLC grew its holdings in PepsiCo by 27.9% during the 4th quarter. Nwam LLC now owns 10,535 shares of the company’s stock valued at $1,164,000 after purchasing an additional 2,301 shares in the last quarter. Carnick & Kubik Group LLC boosted its stake in PepsiCo by 7.1% during the 4th quarter. Carnick & Kubik Group LLC now owns 13,500 shares of the company’s stock valued at $1,492,000 after acquiring an additional 900 shares during the last quarter. Glenview State Bank Trust DEPT. boosted its stake in PepsiCo by 0.9% during the 4th quarter. Glenview State Bank Trust DEPT. now owns 55,812 shares of the company’s stock valued at $6,166,000 after acquiring an additional 504 shares during the last quarter. Price Wealth Management Inc. boosted its stake in PepsiCo by 14.4% during the 4th quarter. Price Wealth Management Inc. now owns 6,355 shares of the company’s stock valued at $702,000 after acquiring an additional 800 shares during the last quarter. Finally, Old Port Advisors bought a new position in PepsiCo during the 4th quarter valued at $1,101,000. 71.85% of the stock is owned by institutional investors.

In other PepsiCo news, EVP David Yawman sold 25,263 shares of PepsiCo stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $126.42, for a total value of $3,193,748.46. Following the completion of the sale, the executive vice president now directly owns 80,934 shares in the company, valued at $10,231,676.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Marie T. Gallagher sold 7,800 shares of PepsiCo stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $125.99, for a total transaction of $982,722.00. Following the completion of the sale, 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. Insiders sold 46,063 shares of company stock valued at $5,701,110 over the last quarter. Corporate insiders own 0.28% of the company’s stock.

PEP has been the topic of a number of recent research reports. Morgan Stanley restated an “overweight” rating and issued a $137.00 price target (up from $130.00) on shares of PepsiCo in a research report on Thursday, April 18th. ValuEngine upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Zacks Investment Research cut shares of PepsiCo from a “hold” rating to a “sell” rating in a report on Thursday, April 18th. Macquarie increased their price objective on shares of PepsiCo from $126.00 to $138.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. Finally, SunTrust Banks raised their target price on shares of PepsiCo to $120.00 and gave the company a “hold” rating in a research note on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $124.53.

Shares of PEP opened at $126.05 on Friday. PepsiCo, Inc. has a one year low of $96.36 and a one year high of $128.39. The stock has a market capitalization of $176.66 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 3.22 and a beta of 0.66. The company has a quick ratio of 0.75, a current ratio of 0.94 and a debt-to-equity ratio of 1.99.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a $0.955 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This is a boost from PepsiCo’s previous quarterly dividend of $0.93. This represents a $3.82 dividend on an annualized basis and a yield of 3.03%. PepsiCo’s payout ratio is 65.55%.

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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.

Read More: Gross Domestic Product (GDP)

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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