Manchester Capital Management LLC lessened its position in PepsiCo, Inc. (NASDAQ:PEP) by 9.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,751 shares of the company’s stock after selling 851 shares during the period. Manchester Capital Management LLC’s holdings in PepsiCo were worth $1,016,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PEP. National Asset Management Inc. grew its stake in PepsiCo by 7.8% during the second quarter. National Asset Management Inc. now owns 21,423 shares of the company’s stock worth $2,811,000 after buying an additional 1,546 shares during the period. Wintrust Investments LLC grew its stake in PepsiCo by 40.5% during the second quarter. Wintrust Investments LLC now owns 6,579 shares of the company’s stock worth $863,000 after buying an additional 1,895 shares during the period. Parallel Advisors LLC grew its stake in PepsiCo by 1.6% during the second quarter. Parallel Advisors LLC now owns 18,601 shares of the company’s stock worth $2,439,000 after buying an additional 287 shares during the period. JLB & Associates Inc. grew its stake in PepsiCo by 0.8% during the second quarter. JLB & Associates Inc. now owns 99,867 shares of the company’s stock worth $13,095,000 after buying an additional 813 shares during the period. Finally, Sullivan Bruyette Speros & Blaney LLC grew its stake in PepsiCo by 2.4% during the second quarter. Sullivan Bruyette Speros & Blaney LLC now owns 10,961 shares of the company’s stock worth $1,437,000 after buying an additional 252 shares during the period. 71.83% of the stock is owned by institutional investors and hedge funds.

PEP has been the subject of several research reports. BidaskClub upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. Atlantic Securities initiated coverage on shares of PepsiCo in a research note on Monday, July 29th. They set an “overweight” rating and a $145.00 price objective for the company. Morgan Stanley boosted their price objective on shares of PepsiCo from $137.00 to $143.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Royal Bank of Canada set a $115.00 price objective on shares of PepsiCo and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Finally, UBS Group boosted their price objective on shares of PepsiCo from $130.00 to $132.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. One 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. PepsiCo has a consensus rating of “Hold” and a consensus target price of $129.35.

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 sale, the chief executive officer now directly owns 105,350 shares of the company’s stock, valued at $13,500,602.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Steven C. Williams sold 2,420 shares of the stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $133.95, for a total transaction of $324,159.00. Following the sale, the chief executive officer now directly owns 54,920 shares in the company, valued at $7,356,534. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.

NASDAQ PEP traded down $0.11 during trading hours on Wednesday, reaching $131.95. 94,987 shares of the company traded hands, compared to its average volume of 4,626,086. PepsiCo, Inc. has a 12 month low of $104.53 and a 12 month 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. The stock has a market capitalization of $184.22 billion, a PE ratio of 23.30, a PEG ratio of 3.42 and a beta of 0.60. The company has a 50 day moving average of $130.85 and a two-hundred day moving average of $125.46.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, July 9th. The company reported $1.54 EPS for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.05. PepsiCo had a net margin of 19.59% and a return on equity of 59.50%. The firm had revenue of $16.45 billion for the quarter, compared to the consensus estimate of $16.44 billion. During the same period in the prior year, the firm posted $1.61 EPS. The firm’s revenue was up 2.2% compared to the same quarter last year. On average, equities research analysts anticipate that PepsiCo, Inc. will post 5.51 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be paid a dividend of $0.955 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $3.82 dividend on an annualized basis and a yield of 2.90%. PepsiCo’s dividend payout ratio (DPR) is 67.49%.

PepsiCo Company Profile

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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