Paradigm Financial Advisors LLC Trims Position in PepsiCo, Inc. (PEP)

Paradigm Financial Advisors LLC lowered its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 2.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 35,645 shares of the company’s stock after selling 952 shares during the quarter. PepsiCo accounts for about 1.8% of Paradigm Financial Advisors LLC’s holdings, making the stock its 17th biggest position. Paradigm Financial Advisors LLC’s holdings in PepsiCo were worth $3,938,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of PEP. Vanguard Group Inc. lifted its stake in PepsiCo by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 119,706,640 shares of the company’s stock valued at $13,383,201,000 after acquiring an additional 1,595,038 shares in the last quarter. Vanguard Group Inc lifted its stake in PepsiCo by 1.4% during the 3rd quarter. Vanguard Group Inc now owns 119,706,640 shares of the company’s stock valued at $13,383,201,000 after acquiring an additional 1,595,038 shares in the last quarter. BlackRock Inc. lifted its stake in PepsiCo by 1.0% during the 3rd quarter. BlackRock Inc. now owns 94,826,560 shares of the company’s stock valued at $10,601,611,000 after acquiring an additional 974,404 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in PepsiCo by 10,622.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 34,704,199 shares of the company’s stock valued at $314,000 after acquiring an additional 34,380,553 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in PepsiCo by 3,272,537.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 19,930,365 shares of the company’s stock valued at $2,228,213,000 after acquiring an additional 19,929,756 shares in the last quarter. 71.85% of the stock is owned by institutional investors and hedge funds.

Shares of PepsiCo stock opened at $127.16 on Tuesday. 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 P/E ratio of 22.47, a PEG ratio of 3.27 and a beta of 0.66. The company has a current ratio of 0.94, a quick ratio of 0.75 and a debt-to-equity ratio of 1.99.

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 return on equity of 65.12% and a net margin of 19.37%. The business had revenue of $12.88 billion for the quarter, compared to analysts’ expectations of $12.68 billion. During the same period in the previous year, the business posted $0.96 EPS. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 5.51 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a $0.955 dividend. 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 3.00%. The ex-dividend date is Thursday, June 6th. PepsiCo’s payout ratio is currently 65.55%.

A number of equities research analysts have recently commented on PEP shares. 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 target price on PepsiCo from $130.00 to $135.00 and gave the stock 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 target price on the stock in a research note on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $124.53.

In other PepsiCo news, SVP Marie T. Gallagher sold 7,800 shares of PepsiCo stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $125.99, for a total transaction of $982,722.00. Following the completion of the transaction, the senior vice president now owns 55,665 shares of the company’s stock, valued at approximately $7,013,233.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David Yawman sold 25,263 shares of PepsiCo stock in a transaction dated 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 transaction, the executive vice president now directly 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 a total of 46,063 shares of company stock worth $5,701,110 over the last 90 days. 0.28% of the stock is currently owned by company insiders.

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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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