Rossmore Private Capital Buys 705 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Rossmore Private Capital lifted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 6.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,406 shares of the company’s stock after buying an additional 705 shares during the period. Rossmore Private Capital’s holdings in PepsiCo were worth $1,627,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Gantzert Investment Co. LLC ADV acquired a new position in PepsiCo during the 4th quarter worth approximately $2,231,000. Boys Arnold & Co. Inc. lifted its position in PepsiCo by 2.4% during the 4th quarter. Boys Arnold & Co. Inc. now owns 48,734 shares of the company’s stock worth $5,378,000 after acquiring an additional 1,147 shares in the last quarter. Lbmc Investment Advisors LLC lifted its position in PepsiCo by 6.8% during the 4th quarter. Lbmc Investment Advisors LLC now owns 2,694 shares of the company’s stock worth $298,000 after acquiring an additional 172 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. lifted its position in PepsiCo by 1.2% during the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 134,688 shares of the company’s stock worth $14,880,000 after acquiring an additional 1,623 shares in the last quarter. Finally, First Mercantile Trust Co. lifted its position in PepsiCo by 13.7% during the 4th quarter. First Mercantile Trust Co. now owns 27,550 shares of the company’s stock worth $3,044,000 after acquiring an additional 3,320 shares in the last quarter. Institutional investors and hedge funds own 71.83% of the company’s stock.

In other news, CEO Steven C. Williams sold 2,420 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $133.95, for a total value of $324,159.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kirk Tanner sold 9,573 shares of the business’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 sale, 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 currently owned by insiders.

PEP stock traded down $0.11 during midday trading on Tuesday, hitting $132.46. 731,307 shares of the company’s stock were exchanged, compared to its average volume of 4,626,086. PepsiCo, Inc. has a 12-month low of $104.53 and a 12-month high of $135.24. The company has a current ratio of 0.86, a quick ratio of 0.66 and a debt-to-equity ratio of 1.97. The stock has a market capitalization of $184.22 billion, a price-to-earnings ratio of 23.40, a price-to-earnings-growth ratio of 3.42 and a beta of 0.60. The firm has a 50 day moving average price of $130.83 and a 200-day moving average price of $125.36.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be issued a $0.955 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $3.82 dividend on an annualized basis and a dividend yield of 2.88%. PepsiCo’s dividend payout ratio (DPR) is 67.49%.

Several research firms recently commented on PEP. UBS Group boosted their price target on PepsiCo from $130.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Atlantic Securities initiated coverage on PepsiCo in a report on Monday, July 29th. They set an “overweight” rating and a $145.00 price objective on the stock. BMO Capital Markets restated an “average” rating and set a $128.00 price objective on shares of PepsiCo in a report on Wednesday, July 10th. Morgan Stanley lifted their price objective on PepsiCo from $137.00 to $143.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Finally, Goldman Sachs Group set a $132.00 price objective on PepsiCo and gave the stock a “neutral” rating in a report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $129.35.

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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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