Matthew Goff Investment Advisor LLC raised its position in PepsiCo, Inc. (NASDAQ:PEP) by 3.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,139 shares of the company’s stock after acquiring an additional 1,648 shares during the quarter. PepsiCo makes up 2.6% of Matthew Goff Investment Advisor LLC’s investment portfolio, making the stock its 15th largest position. Matthew Goff Investment Advisor LLC’s holdings in PepsiCo were worth $6,050,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Sigma Investment Counselors Inc. boosted its stake in PepsiCo by 2.5% during the second quarter. Sigma Investment Counselors Inc. now owns 3,415 shares of the company’s stock worth $448,000 after acquiring an additional 82 shares in the last quarter. Strategic Financial Group LLC lifted its stake in shares of PepsiCo by 2.7% in the second quarter. Strategic Financial Group LLC now owns 3,242 shares of the company’s stock worth $425,000 after buying an additional 86 shares in the last quarter. First Command Financial Services Inc. lifted 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 buying an additional 95 shares in the last quarter. ZWJ Investment Counsel Inc. lifted its stake in shares of PepsiCo by 1.0% in the second 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 in the last quarter. Finally, Stockman Wealth Management Inc. lifted 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 buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 71.83% of the company’s stock.
In other PepsiCo news, CEO Kirk Tanner sold 9,573 shares of the stock in a transaction 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 in the company, valued at $13,500,602.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Steven C. Williams sold 2,420 shares of the stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $133.95, for a total transaction of $324,159.00. Following the transaction, the chief executive officer now owns 54,920 shares of the company’s stock, valued at approximately $7,356,534. The disclosure for this sale can be found here. Company insiders own 0.28% of the company’s stock.
PEP traded up $0.26 during trading on Tuesday, hitting $132.83. 88,875 shares of the company traded hands, compared to its average volume of 4,626,086. The company has a market cap of $184.22 billion, a PE ratio of 23.48, a P/E/G ratio of 3.42 and a beta of 0.60. The stock’s 50-day simple moving average is $130.83 and its two-hundred day simple moving average is $125.36. PepsiCo, Inc. has a 1 year low of $104.53 and a 1 year 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.
PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, July 9th. The company reported $1.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.05. The company 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%. PepsiCo’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the company posted $1.61 earnings per share. Equities analysts expect that PepsiCo, Inc. will post 5.51 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors 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 annualized dividend and a yield of 2.88%. PepsiCo’s payout ratio is 67.49%.
PEP has been the topic of a number of research analyst reports. BMO Capital Markets restated an “average” rating and set a $128.00 price objective on shares of PepsiCo in a research report on Wednesday, July 10th. ValuEngine downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Goldman Sachs Group set a $132.00 price objective on shares of PepsiCo and gave the company a “neutral” rating in a research report on Wednesday, April 24th. SunTrust Banks restated a “hold” rating and set a $125.00 price objective on shares of PepsiCo in a research report on Wednesday, July 10th. Finally, Bank of America increased their price objective on shares of PepsiCo from $135.00 to $142.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $129.35.
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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