Brooks Moore & Associates Inc. Invests $2.71 Million in PepsiCo, Inc. (PEP) Stock

Brooks Moore & Associates Inc. purchased a new position in PepsiCo, Inc. (NASDAQ:PEP) during the fourth quarter, Holdings Channel reports. The fund purchased 24,536 shares of the company’s stock, valued at approximately $2,711,000. PepsiCo accounts for 2.7% of Brooks Moore & Associates Inc.’s holdings, making the stock its 6th largest holding.

A number of other institutional investors also recently made changes to their positions in the business. HC Financial Advisors Inc. boosted its position in shares of PepsiCo by 4.2% during the third 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 in the last quarter. Lau Associates LLC boosted its position in shares of PepsiCo by 7.6% during the fourth quarter. Lau Associates LLC now owns 57,455 shares of the company’s stock valued at $6,348,000 after purchasing an additional 4,035 shares in the last quarter. Meritage Portfolio Management boosted its position in shares of PepsiCo by 4.3% during the fourth quarter. Meritage Portfolio Management now owns 5,149 shares of the company’s stock valued at $569,000 after purchasing an additional 210 shares in the last quarter. CWM LLC raised its stake in PepsiCo by 155.2% during the fourth quarter. CWM LLC now owns 30,636 shares of the company’s stock valued at $3,385,000 after buying an additional 18,630 shares during the last quarter. Finally, Pflug Koory LLC raised its stake in PepsiCo by 13.5% during the fourth quarter. Pflug Koory LLC now owns 10,061 shares of the company’s stock valued at $1,112,000 after buying an additional 1,200 shares during the last quarter. 71.85% of the stock is currently owned by institutional investors and hedge funds.

In other news, SVP Marie T. Gallagher sold 7,800 shares of the business’s stock in a transaction 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 completion of the transaction, the senior vice president now owns 55,665 shares in the company, valued at $7,013,233.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David Yawman sold 25,263 shares of the business’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $126.42, for a total value of $3,193,748.46. Following the completion of the transaction, the executive vice president now owns 80,934 shares of the company’s stock, valued at approximately $10,231,676.28. The disclosure for this sale can be found here. Insiders sold 46,063 shares of company stock valued at $5,701,110 in the last 90 days. Company insiders own 0.28% of the company’s stock.

PEP stock opened at $127.16 on Tuesday. PepsiCo, Inc. has a 1-year low of $96.36 and a 1-year high of $128.39. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.94 and a quick ratio of 0.75. The firm has a market capitalization of $176.70 billion, a PE ratio of 22.47, a price-to-earnings-growth ratio of 3.27 and a beta of 0.66.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Wednesday, April 17th. The company reported $0.97 earnings per share for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $12.68 billion. During the same quarter in the previous year, the business earned $0.96 earnings per share. The company’s revenue was up 2.6% on a year-over-year basis. As a group, research analysts anticipate that PepsiCo, Inc. will post 5.51 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders 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 represents a $3.82 annualized dividend and a dividend yield of 3.00%. This is a boost from PepsiCo’s previous quarterly dividend of $0.93. PepsiCo’s payout ratio is currently 65.55%.

PEP has been the subject of a number of recent research reports. BidaskClub upgraded PepsiCo from a “hold” rating to a “buy” rating in a research note on Wednesday, March 27th. Gabelli reiterated a “buy” rating on shares of PepsiCo in a research note on Tuesday, February 19th. Argus reiterated a “buy” rating on shares of PepsiCo in a research note on Thursday, April 18th. Bank of America lifted 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. Finally, Zacks Investment Research upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $142.00 price objective for the company in a research note on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $124.53.

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PepsiCo Company 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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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