MML Investors Services LLC raised its position in PepsiCo, Inc. (NASDAQ:PEP) by 8.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 132,910 shares of the company’s stock after purchasing an additional 10,347 shares during the period. MML Investors Services LLC’s holdings in PepsiCo were worth $17,428,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of PEP. Laurel Wealth Advisors Inc. boosted its holdings in shares of PepsiCo by 1.3% in the 1st quarter. Laurel Wealth Advisors Inc. now owns 23,826 shares of the company’s stock worth $2,920,000 after buying an additional 296 shares during the last quarter. AE Wealth Management LLC increased its stake in shares of PepsiCo by 72.6% during the 2nd quarter. AE Wealth Management LLC now owns 64,904 shares of the company’s stock worth $8,511,000 after purchasing an additional 27,302 shares during the last quarter. CenturyLink Investment Management Co raised its holdings in shares of PepsiCo by 41.5% in the 2nd quarter. CenturyLink Investment Management Co now owns 17,769 shares of the company’s stock worth $2,330,000 after purchasing an additional 5,209 shares during the period. Bouchey Financial Group Ltd bought a new stake in shares of PepsiCo in the 2nd quarter worth approximately $211,000. Finally, Dixon Hubard Feinour & Brown Inc. VA lifted its stake in PepsiCo by 0.8% in the first quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 26,334 shares of the company’s stock valued at $3,227,000 after purchasing an additional 207 shares during the last quarter. Hedge funds and other institutional investors own 71.51% of the company’s stock.

In other news, CEO Kirk Tanner sold 9,573 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 105,350 shares of the company’s stock, valued at $13,500,602.50. The sale was disclosed in a legal 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 business’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $133.95, for a total value of $324,159.00. Following the transaction, the chief executive officer now directly owns 54,920 shares of the company’s stock, valued at approximately $7,356,534. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.

Several equities analysts have weighed in on PEP shares. Jefferies Financial Group increased their price objective on PepsiCo from $123.00 to $134.00 and gave the company a “hold” rating in a report on Wednesday, July 10th. Morgan Stanley restated an “overweight” rating and issued a $149.00 target price (up from $143.00) on shares of PepsiCo in a research note on Wednesday. They noted that the move was a valuation call. Wells Fargo & Co upped their price target on PepsiCo from $120.00 to $127.00 and gave the company a “positive” rating in a research report on Tuesday, May 14th. UBS Group increased their price target on PepsiCo from $130.00 to $132.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Finally, SunTrust Banks reissued a “hold” rating and issued a $125.00 price objective on shares of PepsiCo in a report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the stock. PepsiCo presently has a consensus rating of “Buy” and a consensus price target of $130.50.

Shares of PEP stock traded down $0.11 during trading hours on Wednesday, reaching $135.75. The stock had a trading volume of 1,626,830 shares, compared to its average volume of 3,696,027. The stock’s fifty day simple moving average is $131.91 and its 200 day simple moving average is $127.68. The firm has a market capitalization of $190.71 billion, a PE ratio of 23.98, a PEG ratio of 3.54 and a beta of 0.56. PepsiCo, Inc. has a 12 month low of $104.53 and a 12 month high of $139.18. The company has a current ratio of 0.86, a quick ratio of 0.66 and a debt-to-equity ratio of 1.97.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, July 9th. The company reported $1.54 earnings per share for the quarter, topping 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 business had revenue of $16.45 billion for the quarter, compared to analyst estimates of $16.44 billion. During the same quarter in the prior year, the firm posted $1.61 EPS. PepsiCo’s revenue was up 2.2% on a year-over-year basis. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 5.51 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be given a dividend of $0.955 per share. The ex-dividend date is Thursday, September 5th. This represents a $3.82 dividend on an annualized basis and a dividend yield of 2.81%. PepsiCo’s dividend payout ratio (DPR) is currently 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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