Wedbush Securities Inc. Purchases 4,133 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Wedbush Securities Inc. raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 20.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,108 shares of the company’s stock after purchasing an additional 4,133 shares during the quarter. Wedbush Securities Inc.’s holdings in PepsiCo were worth $2,663,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of PEP. HC Financial Advisors Inc. raised its holdings in shares of PepsiCo by 4.2% in the 3rd quarter. HC Financial Advisors Inc. now owns 8,967 shares of the company’s stock valued at $1,003,000 after purchasing an additional 363 shares during the period. Global Financial Private Capital LLC raised its holdings in PepsiCo by 11.9% in the 3rd quarter. Global Financial Private Capital LLC now owns 73,224 shares of the company’s stock valued at $8,186,000 after acquiring an additional 7,814 shares during the period. Meritage Portfolio Management raised its holdings in PepsiCo by 4.3% in the 4th quarter. Meritage Portfolio Management now owns 5,149 shares of the company’s stock valued at $569,000 after acquiring an additional 210 shares during the period. CWM LLC grew its position in shares of PepsiCo by 155.2% during the 4th quarter. CWM LLC now owns 30,636 shares of the company’s stock worth $3,385,000 after purchasing an additional 18,630 shares in the last quarter. Finally, Pflug Koory LLC grew its position in shares of PepsiCo by 13.5% during the 4th quarter. Pflug Koory LLC now owns 10,061 shares of the company’s stock worth $1,112,000 after purchasing an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors own 71.85% of the company’s stock.

Shares of PepsiCo stock traded up $1.96 during trading on Friday, reaching $128.01. The company’s stock had a trading volume of 3,645,245 shares, compared to its average volume of 3,835,163. PepsiCo, Inc. has a 52-week low of $96.36 and a 52-week high of $128.39. The stock has a market capitalization of $176.70 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 3.27 and a beta of 0.66. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.75 and a current ratio of 0.94.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Wednesday, April 17th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.05. PepsiCo had a net margin of 19.37% and a return on equity of 65.12%. The company had revenue of $12.88 billion during the quarter, compared to analysts’ expectations of $12.68 billion. During the same quarter in the prior year, the company earned $0.96 EPS. The firm’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 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be issued a dividend of $0.955 per share. This is a positive change from PepsiCo’s previous quarterly dividend of $0.93. This represents a $3.82 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend is Thursday, June 6th. PepsiCo’s dividend payout ratio is currently 65.55%.

In related news, CEO Vivek Sankaran sold 13,000 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $117.28, for a total transaction of $1,524,640.00. Following the completion of the sale, the chief executive officer now directly owns 90,379 shares in the company, valued at approximately $10,599,649.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP David Yawman sold 25,263 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $126.42, for a total transaction of $3,193,748.46. Following the sale, the executive vice president now owns 80,934 shares of the company’s stock, valued at $10,231,676.28. The disclosure for this sale can be found here. Insiders have sold a total of 46,063 shares of company stock valued at $5,701,110 over the last quarter. 0.28% of the stock is currently owned by company insiders.

A number of analysts have weighed in on the stock. BidaskClub lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, January 16th. ValuEngine upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Zacks Investment Research upgraded shares of PepsiCo from a “sell” rating to a “hold” rating in a report on Tuesday, February 12th. Goldman Sachs Group raised shares of PepsiCo from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $111.00 to $132.00 in a research report on Thursday, April 18th. Finally, Jefferies Financial Group boosted their price target on shares of PepsiCo to $119.00 and gave the company a “hold” rating in a research report on Tuesday, February 19th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $124.53.

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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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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