Whittier Trust Co. of Nevada Inc. Sells 3,222 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Whittier Trust Co. of Nevada Inc. decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 2.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,913 shares of the company’s stock after selling 3,222 shares during the period. PepsiCo comprises about 1.2% of Whittier Trust Co. of Nevada Inc.’s investment portfolio, making the stock its 19th biggest holding. Whittier Trust Co. of Nevada Inc.’s holdings in PepsiCo were worth $16,773,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of PEP. Heritage Way Advisors LLC boosted its stake in PepsiCo by 12.3% during the fourth quarter. Heritage Way Advisors LLC now owns 19,967 shares of the company’s stock worth $2,206,000 after buying an additional 2,192 shares in the last quarter. Ackerman Capital Advisors LLC acquired a new stake in PepsiCo during the fourth quarter worth $636,000. Gilman Hill Asset Management LLC boosted its stake in PepsiCo by 5.9% during the fourth quarter. Gilman Hill Asset Management LLC now owns 6,408 shares of the company’s stock worth $708,000 after buying an additional 355 shares in the last quarter. GWM Advisors LLC boosted its stake in PepsiCo by 6.9% during the fourth quarter. GWM Advisors LLC now owns 45,173 shares of the company’s stock worth $4,991,000 after buying an additional 2,896 shares in the last quarter. Finally, Country Club Trust Company n.a. boosted its stake in PepsiCo by 1.9% during the fourth quarter. Country Club Trust Company n.a. now owns 20,893 shares of the company’s stock worth $2,309,000 after buying an additional 394 shares in the last quarter. 71.18% of the stock is owned by institutional investors and hedge funds.

PEP has been the topic of a number of recent research reports. Goldman Sachs Group set a $132.00 price target on shares of PepsiCo and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Royal Bank of Canada set a $115.00 price target on shares of PepsiCo and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. BidaskClub downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Wells Fargo & Co lifted their price target on shares of PepsiCo from $120.00 to $127.00 and gave the stock a “positive” rating in a research note on Tuesday, May 14th. Finally, SunTrust Banks reiterated a “hold” rating and set a $125.00 price target on shares of PepsiCo in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $129.35.

Shares of NASDAQ:PEP traded down $1.46 on Monday, hitting $126.46. The stock had a trading volume of 1,100,404 shares, compared to its average volume of 4,646,821. PepsiCo, Inc. has a twelve month low of $104.53 and a twelve month high of $135.24. The company has a quick ratio of 0.66, a current ratio of 0.86 and a debt-to-equity ratio of 1.97. The company has a 50 day moving average of $132.05. The company has a market cap of $178.85 billion, a P/E ratio of 22.34, a price-to-earnings-growth ratio of 3.32 and a beta of 0.60.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, July 9th. The company reported $1.54 EPS for the quarter, beating the Thomson Reuters’ 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 company 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 company earned $1.61 EPS. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, sell-side analysts forecast that PepsiCo, Inc. will post 5.51 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be paid a $0.955 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $3.82 annualized dividend and a dividend yield of 3.02%. PepsiCo’s dividend payout ratio is presently 67.49%.

In related news, 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 approximately $7,356,534. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Ramon Laguarta sold 15,431 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $129.43, for a total transaction of $1,997,234.33. Following the transaction, the chairman now owns 232,394 shares in the company, valued at approximately $30,078,755.42. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by insiders.

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.

Read More: Forex

Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP).

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

Receive News & Ratings for PepsiCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo and related companies with MarketBeat.com's FREE daily email newsletter.