M Holdings Securities Inc. Grows Holdings in PepsiCo, Inc. (NASDAQ:PEP)

M Holdings Securities Inc. boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 144.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,661 shares of the company’s stock after purchasing an additional 29,949 shares during the quarter. PepsiCo comprises about 1.4% of M Holdings Securities Inc.’s portfolio, making the stock its 9th biggest position. M Holdings Securities Inc.’s holdings in PepsiCo were worth $6,209,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PEP. HC Financial Advisors Inc. raised its holdings in PepsiCo by 4.2% in the 3rd quarter. HC Financial Advisors Inc. now owns 8,967 shares of the company’s stock worth $1,003,000 after purchasing an additional 363 shares during the period. Lau Associates LLC raised its holdings in PepsiCo by 7.6% in the 4th quarter. Lau Associates LLC now owns 57,455 shares of the company’s stock worth $6,348,000 after purchasing an additional 4,035 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 worth $569,000 after purchasing an additional 210 shares during the period. CWM LLC raised its holdings in PepsiCo by 155.2% in 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 during the period. Finally, Pflug Koory LLC raised its holdings in PepsiCo by 13.5% in 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 during the period. Institutional investors own 70.84% of the company’s stock.

PEP stock opened at $132.73 on Monday. PepsiCo, Inc. has a 12-month low of $104.53 and a 12-month 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. 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 (NASDAQ:PEP) last posted its quarterly earnings results 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 the consensus estimate of $12.68 billion. During the same period last year, the firm earned $0.96 EPS. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, analysts forecast that PepsiCo, Inc. will post 5.51 earnings per share for the current year.

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

In other news, Chairman Ramon Laguarta sold 15,431 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $129.43, for a total transaction of $1,997,234.33. Following the completion of the transaction, the chairman now directly owns 232,394 shares of the company’s stock, valued at approximately $30,078,755.42. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP David Yawman sold 25,263 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $126.42, for a total transaction 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 $10,231,676.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,494 shares of company stock valued at $6,173,705. Corporate insiders own 0.28% of the company’s stock.

A number of research firms recently weighed in on PEP. BidaskClub raised PepsiCo from a “buy” rating to a “strong-buy” rating in a report on Friday, June 7th. Morgan Stanley restated an “overweight” rating and set a $137.00 price target (up from $130.00) on shares of PepsiCo in a research note on Thursday, April 18th. Wells Fargo & Co increased their target price on PepsiCo from $120.00 to $127.00 and gave the company a “positive” rating in a report on Tuesday, May 14th. ValuEngine raised PepsiCo from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Finally, Zacks Investment Research lowered PepsiCo from a “hold” rating to a “sell” rating in a report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target 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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