PepsiCo, Inc. (NASDAQ:PEP) Position Boosted by Wintrust Investments LLC
Wintrust Investments LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 40.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,579 shares of the company’s stock after purchasing an additional 1,895 shares during the period. Wintrust Investments LLC’s holdings in PepsiCo were worth $863,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Personal Wealth Partners purchased a new stake in PepsiCo during the second quarter valued at about $25,000. Evolution Wealth Advisors LLC purchased a new stake in shares of PepsiCo in the second quarter worth approximately $27,000. Financial Advantage Inc. purchased a new stake in shares of PepsiCo in the second quarter worth approximately $28,000. Mackey Komara & Dankovich LLC lifted its position in shares of PepsiCo by 199.0% in 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 in the last quarter. Finally, 1 North Wealth Services LLC purchased a new stake in shares of PepsiCo in the fourth quarter worth approximately $39,000. 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 that occurred on Friday, August 2nd. The stock was sold at an average price of $128.15, for a total transaction of $1,226,779.95. Following 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 filing with the SEC, which is available at the SEC website. Also, CEO Steven C. Williams sold 2,420 shares of the stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $133.95, for a total value of $324,159.00. Following the transaction, the chief executive officer now owns 54,920 shares in the company, valued at approximately $7,356,534. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by company insiders.
PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, July 9th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.05. The firm had revenue of $16.45 billion for the quarter, compared to analyst estimates of $16.44 billion. PepsiCo had a net margin of 19.59% and a return on equity of 59.50%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.61 earnings per share. On average, research analysts expect that PepsiCo, Inc. will post 5.51 EPS 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 given a dividend of $0.955 per share. This represents a $3.82 annualized dividend and a yield of 2.90%. The ex-dividend date is Thursday, September 5th. PepsiCo’s payout ratio is presently 67.49%.
A number of research firms have recently issued reports on PEP. Atlantic Securities began coverage on shares of PepsiCo in a research report on Monday, July 29th. They issued an “overweight” rating and a $145.00 price target for the company. SunTrust Banks reissued a “hold” rating and issued a $125.00 price target on shares of PepsiCo in a research report on Wednesday, July 10th. BidaskClub raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. ValuEngine lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Goldman Sachs Group set a $132.00 price target on shares of PepsiCo and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average 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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