Pineno Levin & Ford Asset Management Inc. cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,196 shares of the company’s stock after selling 115 shares during the quarter. PepsiCo comprises 2.1% of Pineno Levin & Ford Asset Management Inc.’s investment portfolio, making the stock its 18th biggest position. Pineno Levin & Ford Asset Management Inc.’s holdings in PepsiCo were worth $5,271,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of PEP. Personal Wealth Partners purchased a new position in PepsiCo during the second quarter worth about $25,000. Evolution Wealth Advisors LLC purchased a new position in PepsiCo during the second quarter worth about $27,000. Financial Advantage Inc. purchased a new position in PepsiCo during the second quarter worth about $28,000. Mackey Komara & Dankovich LLC raised its stake in PepsiCo by 199.0% during the second quarter. Mackey Komara & Dankovich LLC now owns 858 shares of the company’s stock worth $38,000 after purchasing an additional 571 shares during the period. Finally, 1 North Wealth Services LLC purchased a new position in PepsiCo during the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 71.26% of the company’s stock.

PepsiCo stock opened at $129.12 on Thursday. The company has a 50 day moving average of $130.83. The stock has a market cap of $179.46 billion, a P/E ratio of 22.81, a price-to-earnings-growth ratio of 3.33 and a beta of 0.60. PepsiCo, Inc. has a 1 year low of $104.53 and a 1 year high of $135.24. 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 released its quarterly earnings results on Tuesday, July 9th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.05. The business had revenue of $16.45 billion for the quarter, compared to the consensus estimate of $16.44 billion. PepsiCo had a net margin of 19.59% and a return on equity of 59.50%. The business’s revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.61 EPS. As a group, equities research analysts forecast that PepsiCo, Inc. will post 5.51 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be issued a $0.955 dividend. This represents a $3.82 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date is Thursday, September 5th. PepsiCo’s dividend payout ratio (DPR) is currently 67.49%.

A number of equities analysts have commented on PEP shares. SunTrust Banks reaffirmed a “hold” rating and set a $125.00 target price on shares of PepsiCo in a research note on Wednesday, July 10th. BMO Capital Markets reaffirmed an “average” rating and set a $128.00 target price on shares of PepsiCo in a research note on Wednesday, July 10th. Zacks Investment Research raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $142.00 price target on the stock in a research note on Tuesday, April 23rd. BidaskClub raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. Finally, Deutsche Bank boosted their price target on shares of PepsiCo from $120.00 to $131.00 and gave the company a “hold” rating in a research note on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $129.35.

In related news, CEO Kirk Tanner sold 9,573 shares of PepsiCo stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $128.15, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Steven C. Williams sold 2,420 shares of PepsiCo stock in a transaction that occurred 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 completion of 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. Insiders own 0.28% of the company’s stock.

About PepsiCo

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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