PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Argent Capital Management LLC

Argent Capital Management LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 0.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 167,057 shares of the company’s stock after acquiring an additional 89 shares during the period. Argent Capital Management LLC’s holdings in PepsiCo were worth $27,962,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of PEP. Cordant Inc. acquired a new position in shares of PepsiCo in the 1st quarter valued at $27,000. Landmark Wealth Management LLC purchased a new position in shares of PepsiCo in the first quarter worth approximately $29,000. Life Planning Partners Inc acquired a new stake in shares of PepsiCo during the fourth quarter valued at approximately $35,000. Leverty Financial Group LLC acquired a new position in PepsiCo in the 4th quarter worth approximately $38,000. Finally, Strategic Asset Management LLC grew its position in PepsiCo by 53.3% during the 1st quarter. Strategic Asset Management LLC now owns 276 shares of the company’s stock worth $46,000 after purchasing an additional 96 shares in the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of PepsiCo from $175.00 to $178.00 and gave the stock a “hold” rating in a research report on Thursday, July 7th. Guggenheim lifted their target price on shares of PepsiCo from $188.00 to $193.00 in a research note on Wednesday, April 27th. UBS Group dropped their price target on shares of PepsiCo from $190.00 to $182.00 and set a “buy” rating on the stock in a research note on Tuesday, June 21st. Citigroup lifted their price objective on PepsiCo from $194.00 to $198.00 in a research report on Wednesday, April 27th. Finally, JPMorgan Chase & Co. cut their price target on PepsiCo from $186.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, July 6th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, PepsiCo currently has a consensus rating of “Moderate Buy” and an average target price of $182.00.

Insider Activity at PepsiCo

In other news, CEO Ramkumar Krishnan sold 3,433 shares of the company’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $174.83, for a total transaction of $600,191.39. Following the transaction, the chief executive officer now owns 50,577 shares of the company’s stock, valued at $8,842,376.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Steven C. Williams sold 1,753 shares of the stock in a transaction on Friday, July 15th. The stock was sold at an average price of $171.18, for a total value of $300,078.54. Following the transaction, the chief executive officer now owns 70,892 shares of the company’s stock, valued at approximately $12,135,292.56. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ramkumar Krishnan sold 3,433 shares of PepsiCo stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $174.83, for a total value of $600,191.39. Following the sale, the chief executive officer now directly owns 50,577 shares of the company’s stock, valued at $8,842,376.91. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by company insiders.

PepsiCo Price Performance

Shares of PepsiCo stock traded up $0.58 during midday trading on Friday, hitting $180.98. 99,476 shares of the company were exchanged, compared to its average volume of 3,541,107. The firm has a 50 day simple moving average of $169.63 and a 200-day simple moving average of $170.30. PepsiCo, Inc. has a 52 week low of $149.48 and a 52 week high of $181.07. The firm has a market cap of $249.74 billion, a P/E ratio of 27.17, a PEG ratio of 3.54 and a beta of 0.55. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.83 and a quick ratio of 0.64.

PepsiCo (NASDAQ:PEPGet Rating) last announced its quarterly earnings results on Tuesday, July 12th. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.13. The firm had revenue of $20.23 billion during the quarter, compared to the consensus estimate of $19.51 billion. PepsiCo had a net margin of 11.28% and a return on equity of 52.01%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the firm posted $1.72 EPS. Research analysts forecast that PepsiCo, Inc. will post 6.65 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 2nd will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.54%. PepsiCo’s payout ratio is 69.28%.

About PepsiCo

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PepsiCo, Inc manufactures, markets, distributes, and sells various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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