Planning Directions Inc. Acquires 108 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Planning Directions Inc. boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,995 shares of the company’s stock after buying an additional 108 shares during the quarter. Planning Directions Inc.’s holdings in PepsiCo were worth $262,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Marathon Asset Management LLP grew its position in PepsiCo by 1.8% during the second quarter. Marathon Asset Management LLP now owns 331,985 shares of the company’s stock valued at $43,530,000 after buying an additional 5,797 shares during the period. West Oak Capital LLC grew its position in PepsiCo by 1.3% during the second quarter. West Oak Capital LLC now owns 15,155 shares of the company’s stock valued at $1,987,000 after buying an additional 200 shares during the period. Country Club Trust Company n.a. grew its position in PepsiCo by 3.4% during the second quarter. Country Club Trust Company n.a. now owns 18,047 shares of the company’s stock valued at $2,366,000 after buying an additional 598 shares during the period. Clark Capital Management Group Inc. grew its position in PepsiCo by 17.1% during the second quarter. Clark Capital Management Group Inc. now owns 7,817 shares of the company’s stock valued at $1,025,000 after buying an additional 1,144 shares during the period. Finally, CENTRAL TRUST Co grew its position in PepsiCo by 0.9% during the second quarter. CENTRAL TRUST Co now owns 239,358 shares of the company’s stock valued at $32,158,000 after buying an additional 2,041 shares during the period. Institutional investors own 71.21% of the company’s stock.

In other news, Chairman Ramon Laguarta sold 15,431 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $129.43, for a total value of $1,997,234.33. Following the transaction, the chairman now owns 232,394 shares of the company’s stock, valued at $30,078,755.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Steven C. Williams sold 2,420 shares of the business’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $133.95, for a total transaction of $324,159.00. Following the completion of the transaction, the chief executive officer now directly owns 54,920 shares in the company, valued at approximately $7,356,534. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by insiders.

NASDAQ:PEP traded up $0.78 during trading hours on Friday, hitting $127.92. 5,572,475 shares of the stock traded hands, compared to its average volume of 4,336,851. The company has a current ratio of 0.86, a quick ratio of 0.66 and a debt-to-equity ratio of 1.97. PepsiCo, Inc. has a 1 year low of $104.53 and a 1 year high of $135.24. The stock has a market capitalization of $178.70 billion, a P/E ratio of 22.60, a price-to-earnings-growth ratio of 3.32 and a beta of 0.60. The firm has a 50 day moving average of $132.05.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, July 9th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.05. PepsiCo had a net margin of 19.59% and a return on equity of 59.50%. The business had revenue of $16.45 billion for the quarter, compared to the consensus estimate of $16.44 billion. During the same quarter in the previous year, the firm earned $1.61 earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, research analysts forecast that PepsiCo, Inc. will post 5.51 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be issued a $0.955 dividend. This represents a $3.82 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend is Thursday, September 5th. PepsiCo’s dividend payout ratio (DPR) is presently 67.49%.

Several analysts recently issued reports on PEP shares. Royal Bank of Canada set a $115.00 target price on shares of PepsiCo and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Deutsche Bank boosted their target price on shares of PepsiCo from $120.00 to $131.00 and gave the company a “hold” rating in a research report on Thursday, April 18th. BidaskClub lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Cowen boosted their target price on shares of PepsiCo from $142.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, July 10th. Finally, Argus reaffirmed a “buy” rating on shares of PepsiCo in a report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $129.35.

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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