Whittier Trust Co. Has $36.36 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Whittier Trust Co. raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 277,277 shares of the company’s stock after acquiring an additional 2,666 shares during the quarter. PepsiCo comprises approximately 1.1% of Whittier Trust Co.’s holdings, making the stock its 18th largest position. Whittier Trust Co.’s holdings in PepsiCo were worth $36,359,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of PEP. First Command Financial Services Inc. increased its position in PepsiCo by 1.0% during the second 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 period. Stockman Wealth Management Inc. increased its position in PepsiCo by 0.5% during the fourth 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 period. Signet Financial Management LLC increased its holdings in PepsiCo by 3.7% in the 4th quarter. Signet Financial Management LLC now owns 2,827 shares of the company’s stock valued at $312,000 after buying an additional 100 shares during the period. Navellier & Associates Inc increased its holdings in PepsiCo by 0.7% in the 2nd quarter. Navellier & Associates Inc now owns 15,103 shares of the company’s stock valued at $1,980,000 after buying an additional 100 shares during the period. Finally, Telos Capital Management Inc. increased its holdings in PepsiCo by 0.3% in the 4th quarter. Telos Capital Management Inc. now owns 34,032 shares of the company’s stock valued at $3,760,000 after buying an additional 101 shares during the period. Hedge funds and other institutional investors own 71.18% of the company’s stock.

NASDAQ PEP traded down $1.22 on Monday, hitting $126.70. 1,007,766 shares of the company were exchanged, compared to its average volume of 4,646,821. The firm’s 50 day simple moving average is $132.05. The company has a market cap of $178.85 billion, a P/E ratio of 22.39, a P/E/G ratio of 3.32 and a beta of 0.60. 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.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, July 9th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.61 EPS. On average, analysts expect 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. Investors of record on Friday, September 6th will be given a dividend of $0.955 per share. The ex-dividend date is Thursday, September 5th. This represents a $3.82 annualized dividend and a yield of 3.01%. PepsiCo’s dividend payout ratio (DPR) is 67.49%.

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

PEP has been the topic of several analyst reports. Wells Fargo & Co boosted their price target on shares of PepsiCo from $120.00 to $127.00 and gave the company a “positive” rating in a report on Tuesday, May 14th. Morgan Stanley boosted their price target on shares of PepsiCo from $137.00 to $143.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. Zacks Investment Research raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $142.00 price target on the stock in a report on Tuesday, April 23rd. Jefferies Financial Group boosted their price target on shares of PepsiCo from $123.00 to $134.00 and gave the company a “hold” rating in a report on Wednesday, July 10th. Finally, Macquarie boosted their price target on shares of PepsiCo from $126.00 to $138.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. One 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 stock presently has a consensus rating of “Hold” and a consensus target price of $129.35.

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.

Read More: Capital Gains Distribution

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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