Telos Capital Management Inc. Reduces Position in PepsiCo, Inc. (NASDAQ:PEP)

Telos Capital Management Inc. cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,201 shares of the company’s stock after selling 379 shares during the period. PepsiCo makes up 1.3% of Telos Capital Management Inc.’s portfolio, making the stock its 19th biggest position. Telos Capital Management Inc.’s holdings in PepsiCo were worth $4,485,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Albion Financial Group UT grew its holdings in PepsiCo by 1,006.5% during the fourth quarter. Albion Financial Group UT now owns 37,511 shares of the company’s stock valued at $4,144,000 after purchasing an additional 34,121 shares during the period. Tufton Capital Management grew its holdings in PepsiCo by 0.5% during the fourth quarter. Tufton Capital Management now owns 42,117 shares of the company’s stock valued at $4,653,000 after purchasing an additional 210 shares during the period. Chemung Canal Trust Co. grew its holdings in PepsiCo by 21.8% during the fourth quarter. Chemung Canal Trust Co. now owns 82,838 shares of the company’s stock valued at $9,152,000 after purchasing an additional 14,799 shares during the period. Armstrong Henry H Associates Inc. grew its holdings in PepsiCo by 7.4% during the fourth quarter. Armstrong Henry H Associates Inc. now owns 18,949 shares of the company’s stock valued at $2,093,000 after purchasing an additional 1,300 shares during the period. Finally, Quantamental Technologies LLC acquired a new position in PepsiCo during the fourth quarter valued at approximately $463,000. 71.21% of the stock is currently owned by institutional investors.

In related news, Chairman Ramon Laguarta sold 15,431 shares of the stock in a transaction 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 owns 232,394 shares in the company, valued at $30,078,755.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Steven C. Williams sold 2,420 shares of the 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 transaction, the chief executive officer now owns 54,920 shares of the company’s stock, valued at approximately $7,356,534. The disclosure for this sale can be found here. 0.28% of the stock is owned by corporate insiders.

A number of research analysts recently issued reports on PEP shares. Cowen boosted their price objective on shares of PepsiCo from $142.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, July 10th. Jefferies Financial Group boosted their price objective on shares of PepsiCo from $123.00 to $134.00 and gave the company a “hold” rating in a report on Wednesday, July 10th. ValuEngine cut shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday. Argus restated a “buy” rating on shares of PepsiCo in a report on Thursday, July 11th. Finally, SunTrust Banks restated a “hold” rating and set a $125.00 price objective on shares of PepsiCo in a report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $129.35.

Shares of PepsiCo stock traded up $0.78 on Friday, hitting $127.92. The company had a trading volume of 5,572,475 shares, compared to its average volume of 4,336,851. The company has a market capitalization of $178.70 billion, a price-to-earnings ratio of 22.60, a P/E/G ratio of 3.32 and a beta of 0.60. PepsiCo, Inc. has a twelve month low of $104.53 and a twelve month high of $135.24. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.86 and a quick ratio of 0.66. The company has a 50-day simple moving average of $132.05.

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

The business also recently declared 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%.

PepsiCo 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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