Signature Estate & Investment Advisors LLC Makes New $118,000 Investment in PepsiCo, Inc. (NASDAQ:PEP)

Signature Estate & Investment Advisors LLC acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 902 shares of the company’s stock, valued at approximately $118,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PEP. Personal Wealth Partners bought a new position in PepsiCo during the second quarter valued at about $25,000. Evolution Wealth Advisors LLC bought a new position in PepsiCo during the second quarter valued at about $27,000. Financial Advantage Inc. bought a new position in PepsiCo during the second quarter valued at about $28,000. Mackey Komara & Dankovich LLC grew its position in PepsiCo by 199.0% during the second quarter. Mackey Komara & Dankovich LLC now owns 858 shares of the company’s stock valued at $38,000 after buying an additional 571 shares during the period. Finally, 1 North Wealth Services LLC bought a new position in PepsiCo during the fourth quarter valued at about $39,000. Hedge funds and other institutional investors own 71.26% of the company’s stock.

NASDAQ:PEP traded up $1.04 on Friday, reaching $131.76. 3,405,000 shares of the company’s stock were exchanged, compared to its average volume of 4,696,708. 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 firm has a market cap of $182.77 billion, a price-to-earnings ratio of 23.28, a P/E/G ratio of 3.39 and a beta of 0.60. PepsiCo, Inc. has a 52 week low of $104.53 and a 52 week high of $135.24. The stock has a fifty day simple moving average of $130.78 and a 200-day simple moving average of $125.26.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, July 9th. The company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.05. The firm had revenue of $16.45 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business earned $1.61 earnings per share. As a group, sell-side analysts predict that PepsiCo, Inc. will post 5.51 EPS for the current year.

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $3.82 dividend on an annualized basis and a yield of 2.90%. PepsiCo’s dividend payout ratio is presently 67.49%.

In other news, CEO Kirk Tanner sold 9,573 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $128.15, for a total value of $1,226,779.95. Following the completion of the transaction, the chief executive officer now directly owns 105,350 shares in the company, valued at $13,500,602.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Steven C. Williams sold 2,420 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 54,920 shares of the company’s stock, valued at $7,356,534. The disclosure for this sale can be found here. 0.28% of the stock is owned by company insiders.

Several research firms recently weighed in on PEP. ValuEngine lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Royal Bank of Canada set a $115.00 price target on shares of PepsiCo and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Zacks Investment Research upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $142.00 price target for the company in a research report on Tuesday, April 23rd. Wells Fargo & Co increased their price target on shares of PepsiCo from $120.00 to $127.00 and gave the company a “positive” rating in a research report on Tuesday, May 14th. Finally, Atlantic Securities began coverage on shares of PepsiCo in a research report on Monday, July 29th. They set an “overweight” rating and a $145.00 price target for the company. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company’s stock. PepsiCo presently has a consensus rating of “Hold” and an average price target 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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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