EP Wealth Advisors LLC Trims Position in PepsiCo, Inc. (NASDAQ:PEP)

EP Wealth Advisors LLC lessened its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.0% in the 1st quarter, HoldingsChannel reports. The fund owned 160,458 shares of the company’s stock after selling 1,540 shares during the period. PepsiCo makes up approximately 1.9% of EP Wealth Advisors LLC’s investment portfolio, making the stock its 12th biggest holding. EP Wealth Advisors LLC’s holdings in PepsiCo were worth $19,664,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in PEP. Oregon Public Employees Retirement Fund grew its stake in PepsiCo by 10,622.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 34,704,199 shares of the company’s stock valued at $314,000 after buying an additional 34,380,553 shares during the last quarter. Matthew Goff Investment Advisor LLC lifted its holdings in PepsiCo by 10,787.1% during the 3rd quarter. Matthew Goff Investment Advisor LLC now owns 4,492,767 shares of the company’s stock valued at $41,267,000 after purchasing an additional 4,451,500 shares during the last quarter. BlackRock Inc. raised its stake in shares of PepsiCo by 2.4% in the fourth quarter. BlackRock Inc. now owns 97,102,071 shares of the company’s stock worth $10,727,836,000 after acquiring an additional 2,275,511 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of PepsiCo by 34.2% in the fourth quarter. California Public Employees Retirement System now owns 6,285,045 shares of the company’s stock worth $694,372,000 after acquiring an additional 1,600,360 shares during the last quarter. Finally, Vanguard Group Inc grew its position in shares of PepsiCo by 1.4% during the 3rd quarter. Vanguard Group Inc now owns 119,706,640 shares of the company’s stock worth $13,383,201,000 after buying an additional 1,595,038 shares during the period. Institutional investors own 70.84% of the company’s stock.

In related news, EVP David Yawman sold 25,263 shares of PepsiCo stock in a transaction 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 owns 80,934 shares of the company’s stock, valued at approximately $10,231,676.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Marie T. Gallagher sold 7,800 shares of PepsiCo stock in a transaction 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 directly owns 55,665 shares of the company’s stock, valued at approximately $7,013,233.35. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 48,494 shares of company stock valued at $6,173,705. Insiders own 0.28% of the company’s stock.

Shares of PEP stock opened at $132.73 on Monday. The company has a market cap of $186.06 billion, a PE ratio of 23.45, a P/E/G ratio of 3.45 and a beta of 0.61. PepsiCo, Inc. has a 52 week low of $104.53 and a 52 week high of $134.71. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.94 and a quick ratio of 0.75.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data 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 the consensus estimate of $12.68 billion. PepsiCo had a net margin of 19.37% and a return on equity of 65.12%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 EPS. On average, sell-side analysts expect that PepsiCo, Inc. will post 5.51 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a dividend of $0.955 per share. This is an increase from PepsiCo’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $3.82 annualized dividend and a dividend yield of 2.88%. PepsiCo’s dividend payout ratio (DPR) is 67.49%.

PEP has been the topic of a number of research reports. Macquarie raised shares of PepsiCo from a “neutral” rating to an “outperform” rating and set a $126.00 price objective on the stock in a research report on Tuesday, February 19th. Gabelli restated a “buy” rating on shares of PepsiCo in a research note on Tuesday, February 19th. BidaskClub raised shares of PepsiCo from a “buy” rating to a “strong-buy” rating in a report on Friday, June 7th. Zacks Investment Research lowered shares of PepsiCo from a “hold” rating to a “sell” rating in a report on Thursday, February 21st. Finally, Royal Bank of Canada restated a “neutral” rating and set a $115.00 price target on shares of PepsiCo in a report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $124.65.

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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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