Bank of The West Decreases Holdings in PepsiCo, Inc. (NASDAQ:PEP)

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Bank of The West decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,840 shares of the company’s stock after selling 793 shares during the period. Bank of The West’s holdings in PepsiCo were worth $3,257,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Command Financial Services Inc. grew its stake in shares of PepsiCo by 1.0% in the second quarter. First Command Financial Services Inc. now owns 9,440 shares of the company’s stock worth $1,238,000 after purchasing an additional 95 shares during the last quarter. Stockman Wealth Management Inc. grew its stake in shares of PepsiCo by 0.5% in the fourth quarter. Stockman Wealth Management Inc. now owns 18,804 shares of the company’s stock worth $2,077,000 after purchasing an additional 100 shares during the last quarter. Signet Financial Management LLC grew its stake in shares of PepsiCo by 3.7% in the fourth quarter. Signet Financial Management LLC now owns 2,827 shares of the company’s stock worth $312,000 after purchasing an additional 100 shares during the last quarter. Navellier & Associates Inc grew its stake in shares of PepsiCo by 0.7% in the second quarter. Navellier & Associates Inc now owns 15,103 shares of the company’s stock worth $1,980,000 after purchasing an additional 100 shares during the last quarter. Finally, Telos Capital Management Inc. grew its stake in shares of PepsiCo by 0.3% in the fourth quarter. Telos Capital Management Inc. now owns 34,032 shares of the company’s stock worth $3,760,000 after purchasing an additional 101 shares during the last quarter. Institutional investors and hedge funds own 71.26% of the company’s stock.

Shares of NASDAQ PEP opened at $130.72 on Friday. PepsiCo, Inc. has a twelve month low of $104.53 and a twelve month high of $135.24. The firm has a market cap of $179.46 billion, a P/E ratio of 23.10, a PEG ratio of 3.33 and a beta of 0.60. The company has a 50 day moving average of $130.78 and a 200 day moving average of $125.22. The company has a quick ratio of 0.66, a current ratio of 0.86 and a debt-to-equity ratio of 1.97.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, July 9th. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.05. The business 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% compared to the same quarter last year. During the same period in the previous year, the business earned $1.61 EPS. As a group, equities analysts expect that PepsiCo, Inc. will post 5.51 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be paid a dividend of $0.955 per share. The ex-dividend date is Thursday, September 5th. This represents a $3.82 dividend on an annualized basis and a yield of 2.92%. PepsiCo’s dividend payout ratio is presently 67.49%.

Several analysts recently issued reports on PEP shares. Macquarie raised their target price on PepsiCo from $126.00 to $138.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. Argus reaffirmed a “buy” rating on shares of PepsiCo in a research report on Thursday, July 11th. UBS Group lifted their price objective on PepsiCo from $130.00 to $132.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. SunTrust Banks reaffirmed a “hold” rating and set a $125.00 price objective on shares of PepsiCo in a research report on Wednesday, July 10th. Finally, Cowen lifted their price objective on PepsiCo from $142.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $129.35.

In other news, CEO Steven C. Williams sold 2,420 shares of the company’s stock in a transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kirk Tanner sold 9,573 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was 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.

PepsiCo Company 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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