West Branch Capital LLC lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 38.2% during the second quarter, HoldingsChannel reports. The firm owned 2,513 shares of the company’s stock after acquiring an additional 695 shares during the quarter. West Branch Capital LLC’s holdings in PepsiCo were worth $330,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in PEP. Personal Wealth Partners acquired a new position in shares of PepsiCo during the 2nd quarter worth approximately $25,000. Evolution Wealth Advisors LLC acquired a new position in PepsiCo in the 2nd quarter valued at $27,000. Financial Advantage Inc. acquired a new position in PepsiCo in the 2nd quarter valued at $28,000. Mackey Komara & Dankovich LLC grew its holdings in PepsiCo by 199.0% in the 2nd quarter. Mackey Komara & Dankovich LLC now owns 858 shares of the company’s stock valued at $38,000 after buying an additional 571 shares in the last quarter. Finally, 1 North Wealth Services LLC acquired a new position in PepsiCo in the 4th quarter valued at $39,000. Institutional investors own 71.83% of the company’s stock.

Shares of PEP traded down $0.10 during trading hours on Thursday, hitting $132.24. 104,484 shares of the company were exchanged, compared to its average volume of 4,560,547. The company has a market cap of $185.36 billion, a price-to-earnings ratio of 23.39, a P/E/G ratio of 3.44 and a beta of 0.60. PepsiCo, Inc. has a fifty-two week low of $104.53 and a fifty-two week 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. The firm’s fifty day moving average is $130.86 and its 200 day moving average is $125.56.

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

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be issued a dividend of $0.955 per share. This represents a $3.82 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Thursday, September 5th. PepsiCo’s dividend payout ratio (DPR) is currently 67.49%.

In related news, CEO Steven C. Williams sold 2,420 shares of the company’s 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 completion of the sale, the chief executive officer now directly owns 54,920 shares in the company, valued at approximately $7,356,534. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Kirk Tanner sold 9,573 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $128.15, for a total value of $1,226,779.95. Following the sale, the chief executive officer now owns 105,350 shares of the company’s stock, valued at $13,500,602.50. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.

A number of research analysts have commented on the company. Bank of America upped their price objective on PepsiCo from $135.00 to $142.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. BMO Capital Markets reaffirmed an “average” rating and issued a $128.00 price objective on shares of PepsiCo in a report on Wednesday, July 10th. Atlantic Securities assumed coverage on PepsiCo in a report on Monday, July 29th. They issued an “overweight” rating and a $145.00 price objective on the stock. BidaskClub raised PepsiCo from a “hold” rating to a “buy” rating in a report on Thursday, August 8th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $125.00 price objective on shares of PepsiCo in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company’s stock. PepsiCo currently has an average rating of “Hold” and an average price target of $129.35.

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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