PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Rodgers Brothers Inc.

Rodgers Brothers Inc. lowered its stake in PepsiCo, Inc. (NASDAQ:PEP) by 0.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 29,630 shares of the company’s stock after selling 275 shares during the period. Rodgers Brothers Inc.’s holdings in PepsiCo were worth $4,191,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Leelyn Smith LLC lifted its position in shares of PepsiCo by 6.4% during the 1st quarter. Leelyn Smith LLC now owns 13,188 shares of the company’s stock valued at $1,865,000 after acquiring an additional 797 shares during the last quarter. Saybrook Capital NC increased its position in PepsiCo by 5.5% during the first quarter. Saybrook Capital NC now owns 13,383 shares of the company’s stock worth $1,893,000 after acquiring an additional 700 shares during the period. Avantax Advisory Services Inc. grew its position in PepsiCo by 3.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 47,858 shares of the company’s stock worth $6,766,000 after purchasing an additional 1,454 shares during the last quarter. Grimes & Company Inc. increased its stake in PepsiCo by 27.0% during the first quarter. Grimes & Company Inc. now owns 29,260 shares of the company’s stock valued at $4,139,000 after acquiring an additional 6,228 shares during the period. Finally, Renaissance Investment Group LLC raised its stake in shares of PepsiCo by 2.8% in the first quarter. Renaissance Investment Group LLC now owns 47,017 shares of the company’s stock valued at $6,651,000 after purchasing an additional 1,272 shares in the last quarter. Institutional investors own 70.14% of the company’s stock.

PEP traded up $0.08 during midday trading on Thursday, hitting $155.32. The stock had a trading volume of 115,668 shares, compared to its average volume of 4,648,094. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.70 and a current ratio of 0.91. PepsiCo, Inc. has a 1 year low of $128.32 and a 1 year high of $157.54. The company’s fifty day moving average is $148.57. The stock has a market capitalization of $214.67 billion, a P/E ratio of 26.13, a P/E/G ratio of 2.97 and a beta of 0.60.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Monday, July 12th. The company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.19. The business had revenue of $19.22 billion during the quarter, compared to analysts’ expectations of $17.95 billion. PepsiCo had a return on equity of 59.56% and a net margin of 11.01%. The business’s revenue was up 20.5% on a year-over-year basis. During the same quarter last year, the business posted $1.32 EPS. On average, research analysts expect that PepsiCo, Inc. will post 6.24 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 30th. Investors of record on Friday, September 3rd will be given a dividend of $1.075 per share. The ex-dividend date is Thursday, September 2nd. This represents a $4.30 dividend on an annualized basis and a yield of 2.77%. PepsiCo’s dividend payout ratio (DPR) is 77.90%.

Several equities research analysts have weighed in on PEP shares. Wells Fargo & Company raised their price objective on shares of PepsiCo from $147.00 to $160.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 14th. Morgan Stanley boosted their target price on PepsiCo from $165.00 to $172.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 14th. Royal Bank of Canada upped their price objective on shares of PepsiCo from $153.00 to $155.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 14th. Credit Suisse Group lowered shares of PepsiCo from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $155.00 to $157.00 in a research note on Wednesday, July 14th. Finally, Citigroup upped their price objective on PepsiCo from $162.00 to $176.00 and gave the stock a “buy” rating in a research report on Wednesday, July 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $157.75.

In other news, CEO Silviu Popovici sold 20,000 shares of the firm’s stock in a transaction dated Friday, May 7th. The stock was sold at an average price of $145.40, for a total transaction of $2,908,000.00. Following the completion of the transaction, the chief executive officer now owns 75,886 shares in the company, valued at $11,033,824.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Marie T. Gallagher sold 7,409 shares of the company’s stock in a transaction that occurred on Monday, July 19th. The stock was sold at an average price of $155.70, for a total value of $1,153,581.30. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

PepsiCo Company Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution and sale of beverages, food, and snacks. It is a food and beverage company with a complementary portfolio of brands, including Frito-Lay, Gatorade, Pepsi-Cola, Quaker, and Tropicana. It operates through the following business segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; and Africa, Middle East and South Asia The Frito-Lay North America segment markets, distributes, and sells snack foods under the Lay’s, Doritos, Cheetos, Tostitos, Fritos, Ruffles, and Santitas brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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