Vestor Capital LLC Sells 832 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Vestor Capital LLC lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,087 shares of the company’s stock after selling 832 shares during the quarter. PepsiCo accounts for approximately 2.5% of Vestor Capital LLC’s portfolio, making the stock its 13th largest position. Vestor Capital LLC’s holdings in PepsiCo were worth $14,042,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Sigma Investment Counselors Inc. boosted its holdings in PepsiCo by 2.5% during the 2nd quarter. Sigma Investment Counselors Inc. now owns 3,415 shares of the company’s stock worth $448,000 after acquiring an additional 82 shares during the last quarter. Strategic Financial Group LLC boosted its holdings in shares of PepsiCo by 2.7% in the 2nd quarter. Strategic Financial Group LLC now owns 3,242 shares of the company’s stock worth $425,000 after buying an additional 86 shares during the last quarter. First Command Financial Services Inc. boosted its holdings in shares of PepsiCo by 1.0% in the 2nd quarter. First Command Financial Services Inc. now owns 9,440 shares of the company’s stock worth $1,238,000 after buying an additional 95 shares during the last quarter. ZWJ Investment Counsel Inc. boosted its holdings in shares of PepsiCo by 1.0% in the 2nd quarter. ZWJ Investment Counsel Inc. now owns 9,586 shares of the company’s stock worth $1,257,000 after buying an additional 96 shares during the last quarter. Finally, Stockman Wealth Management Inc. boosted its holdings in shares of PepsiCo by 0.5% in the 4th quarter. Stockman Wealth Management Inc. now owns 18,804 shares of the company’s stock worth $2,077,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 71.83% of the company’s stock.

In other news, CEO Kirk Tanner sold 9,573 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $128.15, for a total transaction of $1,226,779.95. Following the sale, the chief executive officer now directly owns 105,350 shares in the company, valued at $13,500,602.50. The sale was disclosed in a document filed with the SEC, which is available at this link. 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 value of $324,159.00. Following the sale, 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.

A number of equities analysts recently weighed in on PEP shares. BidaskClub raised shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Thursday, August 8th. Argus reissued a “buy” rating on shares of PepsiCo in a report on Thursday, July 11th. BMO Capital Markets reissued an “average” rating and issued a $128.00 price target on shares of PepsiCo in a report on Wednesday, July 10th. Wells Fargo & Co boosted their price target on shares of PepsiCo from $120.00 to $127.00 and gave the stock a “positive” rating in a report on Tuesday, May 14th. Finally, UBS Group boosted their price target on shares of PepsiCo from $130.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $129.35.

NASDAQ PEP traded down $1.35 during trading on Friday, hitting $131.31. 168,597 shares of the company’s stock traded hands, compared to its average volume of 4,511,267. The stock has a market capitalization of $184.64 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 3.43 and a beta of 0.60. PepsiCo, Inc. has a 12-month low of $104.53 and a 12-month high of $135.24. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.66 and a current ratio of 0.86. The business has a 50 day moving average of $130.82 and a 200-day moving average of $125.66.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data 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. 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 company’s revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.61 earnings per share. On average, analysts expect that PepsiCo, Inc. will post 5.51 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be issued a dividend of $0.955 per share. This represents a $3.82 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Thursday, September 5th. PepsiCo’s dividend payout ratio (DPR) is presently 67.49%.

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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