Wealth Enhancement Advisory Services LLC Trims Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Wealth Enhancement Advisory Services LLC decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 23.1% during the second quarter, HoldingsChannel.com reports. The firm owned 13,316 shares of the company’s stock after selling 4,010 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in PepsiCo were worth $1,751,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Gantzert Investment Co. LLC ADV acquired a new position in shares of PepsiCo in the 4th quarter valued at approximately $2,231,000. Private Ocean LLC raised its position in shares of PepsiCo by 27.9% in the 4th quarter. Private Ocean LLC now owns 1,067 shares of the company’s stock valued at $118,000 after buying an additional 233 shares in the last quarter. Allred Capital Management LLC acquired a new position in shares of PepsiCo in the 4th quarter valued at approximately $1,699,000. Benjamin F. Edwards & Company Inc. raised its position in shares of PepsiCo by 1.4% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 29,685 shares of the company’s stock valued at $3,280,000 after buying an additional 413 shares in the last quarter. Finally, Capital Asset Advisory Services LLC raised its position in shares of PepsiCo by 9.8% in the 4th quarter. Capital Asset Advisory Services LLC now owns 4,478 shares of the company’s stock valued at $495,000 after buying an additional 400 shares in the last quarter. Institutional investors and hedge funds own 71.26% of the company’s stock.

PEP stock traded up $1.04 during trading on Friday, reaching $131.76. 3,405,000 shares of the company were exchanged, compared to its average volume of 4,696,708. The company has a 50-day moving average of $130.78 and a two-hundred day moving average of $125.26. The company has a market capitalization 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 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.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, July 9th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.05. The business 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 firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.61 EPS. On average, analysts forecast that PepsiCo, Inc. will post 5.51 EPS for the current year.

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

In other PepsiCo news, CEO Steven C. Williams sold 2,420 shares of the company’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 value of $324,159.00. Following the completion of the transaction, the chief executive officer now directly owns 54,920 shares in the company, valued at approximately $7,356,534. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Kirk Tanner sold 9,573 shares of the company’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 transaction of $1,226,779.95. Following the completion of the transaction, the chief executive officer now owns 105,350 shares of the company’s stock, valued at $13,500,602.50. The disclosure for this sale can be found here. 0.28% of the stock is owned by corporate insiders.

Several equities analysts have recently commented on the stock. Atlantic Securities assumed coverage on shares of PepsiCo in a research report on Monday, July 29th. They issued an “overweight” rating and a $145.00 target price for the company. Argus restated a “buy” rating on shares of PepsiCo in a research report on Thursday, July 11th. Cowen boosted their target price on shares of PepsiCo from $142.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, July 10th. BMO Capital Markets restated an “average” rating and issued a $128.00 target price on shares of PepsiCo in a research report on Wednesday, July 10th. Finally, Zacks Investment Research upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $142.00 target price for the company in a research report on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the stock. The company currently 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.

Read More: Quantitative Easing

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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