PepsiCo, Inc. (NASDAQ:PEP) Holdings Increased by Merit Financial Group LLC

Merit Financial Group LLC raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 2.5% during the 1st quarter, HoldingsChannel reports. The fund owned 4,261 shares of the company’s stock after acquiring an additional 105 shares during the quarter. Merit Financial Group LLC’s holdings in PepsiCo were worth $522,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in PEP. Highwater Wealth Management LLC purchased a new position in PepsiCo in the 4th quarter worth approximately $28,000. Horan Securities Inc. increased its stake in shares of PepsiCo by 460.0% in the 4th quarter. Horan Securities Inc. now owns 280 shares of the company’s stock valued at $30,000 after purchasing an additional 230 shares in the last quarter. 1 North Wealth Services LLC purchased a new position in shares of PepsiCo in the 4th quarter valued at about $39,000. Financial Gravity Companies Inc. purchased a new position in shares of PepsiCo in the 4th quarter valued at about $41,000. Finally, Sound Income Strategies LLC increased its stake in shares of PepsiCo by 50.8% in the 4th quarter. Sound Income Strategies LLC now owns 597 shares of the company’s stock valued at $66,000 after purchasing an additional 201 shares in the last quarter. 70.84% of the stock is currently owned by hedge funds and other institutional investors.

PEP stock traded down $0.76 during trading hours on Monday, hitting $131.97. The company’s stock had a trading volume of 16,363 shares, compared to its average volume of 4,009,140. PepsiCo, Inc. has a 12 month low of $104.53 and a 12 month high of $134.71. The company has a market capitalization of $186.06 billion, a price-to-earnings ratio of 23.37, a P/E/G ratio of 3.45 and a beta of 0.61. The company has a quick ratio of 0.75, a current ratio of 0.94 and a debt-to-equity ratio of 1.99.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Wednesday, April 17th. The company reported $0.97 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.05. PepsiCo had a net margin of 19.37% and a return on equity of 65.12%. The business had revenue of $12.88 billion for the quarter, compared to analyst estimates of $12.68 billion. During the same quarter in the prior year, the firm earned $0.96 EPS. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, research analysts expect 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 Friday, June 28th. Investors of record on Friday, June 7th will be given a $0.955 dividend. This represents a $3.82 dividend on an annualized basis and a dividend yield of 2.89%. This is an increase from PepsiCo’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend is Thursday, June 6th. PepsiCo’s dividend payout ratio (DPR) is currently 67.49%.

Several equities analysts recently weighed in on PEP shares. Gabelli restated a “buy” rating on shares of PepsiCo in a research note on Tuesday, February 19th. BidaskClub raised PepsiCo from a “hold” rating to a “buy” rating in a research report on Wednesday, March 27th. Bank of America boosted their target price on PepsiCo from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Argus reaffirmed a “buy” rating on shares of PepsiCo in a research report on Thursday, April 18th. Finally, Zacks Investment Research raised PepsiCo from a “hold” rating to a “buy” rating and set a $142.00 price objective on the stock in a research report on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $124.65.

In other PepsiCo news, EVP David Yawman sold 25,263 shares of PepsiCo stock in a transaction on Friday, April 26th. The shares were sold at an average price of $126.42, for a total transaction of $3,193,748.46. Following the completion of the transaction, the executive vice president now directly owns 80,934 shares of the company’s stock, valued at $10,231,676.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Ramon Laguarta sold 15,431 shares of PepsiCo stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $129.43, for a total transaction of $1,997,234.33. Following the transaction, the chairman now directly owns 232,394 shares of the company’s stock, valued at $30,078,755.42. The disclosure for this sale can be found here. Insiders sold a total of 48,494 shares of company stock worth $6,173,705 over the last quarter. 0.28% of the stock is currently owned by corporate insiders.

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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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