West Oak Capital LLC Buys 200 Shares of PepsiCo, Inc. (NASDAQ:PEP)

West Oak Capital LLC raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,155 shares of the company’s stock after purchasing an additional 200 shares during the quarter. West Oak Capital LLC’s holdings in PepsiCo were worth $1,987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in PEP. First Command Financial Services Inc. lifted its holdings in shares of PepsiCo by 1.0% in the 2nd quarter. First Command Financial Services Inc. now owns 9,440 shares of the company’s stock worth $1,238,000 after acquiring an additional 95 shares during the last quarter. Stockman Wealth Management Inc. lifted its holdings in shares of PepsiCo by 0.5% in the 4th quarter. Stockman Wealth Management Inc. now owns 18,804 shares of the company’s stock worth $2,077,000 after acquiring an additional 100 shares during the last quarter. Signet Financial Management LLC lifted its holdings in shares of PepsiCo by 3.7% in the 4th quarter. Signet Financial Management LLC now owns 2,827 shares of the company’s stock worth $312,000 after acquiring an additional 100 shares during the last quarter. Telos Capital Management Inc. lifted its holdings in shares of PepsiCo by 0.3% in the 4th quarter. Telos Capital Management Inc. now owns 34,032 shares of the company’s stock worth $3,760,000 after acquiring an additional 101 shares during the last quarter. Finally, Whitnell & Co. lifted its holdings in shares of PepsiCo by 0.4% in the 4th quarter. Whitnell & Co. now owns 26,335 shares of the company’s stock worth $2,909,000 after acquiring an additional 103 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

PepsiCo stock traded up $0.78 during mid-day trading on Friday, reaching $127.92. 5,572,475 shares of the company traded hands, compared to its average volume of 4,336,851. 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 stock’s 50 day moving average price is $132.05. The stock has a market capitalization of $178.70 billion, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 3.32 and a beta of 0.60. PepsiCo, Inc. has a 52-week low of $104.53 and a 52-week high of $135.24.

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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be given a dividend of $0.955 per share. This represents a $3.82 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Thursday, September 5th. PepsiCo’s payout ratio is currently 67.49%.

PEP has been the subject of a number of recent research reports. ValuEngine lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday. Bank of America boosted their price objective on shares of PepsiCo from $135.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Macquarie lifted their target price on shares of PepsiCo from $126.00 to $138.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. Jefferies Financial Group lifted their target price on shares of PepsiCo from $123.00 to $134.00 and gave the stock a “hold” rating in a research note on Wednesday, July 10th. Finally, Morgan Stanley lifted their target price on shares of PepsiCo from $137.00 to $143.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the company’s stock. PepsiCo presently has a consensus rating of “Hold” and a consensus target price of $129.35.

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

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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