Prospera Financial Services Inc cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 23.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,672 shares of the company’s stock after selling 4,203 shares during the period. Prospera Financial Services Inc’s holdings in PepsiCo were worth $1,511,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of PEP. BlackRock Inc. boosted its position in PepsiCo by 2.4% during the 4th quarter. BlackRock Inc. now owns 97,102,071 shares of the company’s stock worth $10,727,836,000 after buying an additional 2,275,511 shares during the period. Thoroughbred Financial Services LLC boosted its position in PepsiCo by 13,410.8% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,806,262 shares of the company’s stock worth $180,626,000 after buying an additional 1,792,893 shares during the period. Railway Pension Investments Ltd acquired a new stake in PepsiCo during the 2nd quarter worth approximately $16,182,000. APG Asset Management N.V. boosted its position in PepsiCo by 32.6% during the 2nd quarter. APG Asset Management N.V. now owns 4,684,180 shares of the company’s stock worth $539,372,000 after buying an additional 1,151,329 shares during the period. Finally, Swedbank acquired a new stake in PepsiCo during the 2nd quarter worth approximately $135,539,000. Institutional investors and hedge funds own 71.46% of the company’s stock.

Shares of NASDAQ PEP traded down $1.56 during midday trading on Monday, reaching $134.88. The stock had a trading volume of 1,927,823 shares, compared to its average volume of 3,653,195. The firm has a market cap of $191.95 billion, a price-to-earnings ratio of 23.83, a price-to-earnings-growth ratio of 3.56 and a beta of 0.56. PepsiCo, Inc. has a twelve month low of $104.53 and a twelve month high of $139.18. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.66 and a current ratio of 0.86. The company’s 50 day moving average price is $132.15 and its 200 day moving average price is $127.87.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, July 9th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.05. The firm 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 company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.61 EPS. Equities analysts forecast that PepsiCo, Inc. will post 5.51 earnings per share 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 $0.955 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $3.82 dividend on an annualized basis and a dividend yield of 2.83%. PepsiCo’s dividend payout ratio (DPR) is currently 67.49%.

In related news, CEO Kirk Tanner sold 9,573 shares of the business’s 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 transaction, the chief executive officer now owns 105,350 shares in the company, valued at approximately $13,500,602.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Steven C. Williams sold 2,420 shares of the business’s stock in a transaction 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 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 insiders.

Several equities research analysts recently commented on the stock. UBS Group lifted their target price on shares of PepsiCo from $130.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Cowen lifted their target price on shares of PepsiCo from $142.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 10th. Argus reiterated a “buy” rating on shares of PepsiCo in a research report on Thursday, July 11th. Atlantic Securities assumed coverage on shares of PepsiCo in a research report on Monday, July 29th. They set an “overweight” rating and a $145.00 target price on the stock. Finally, BidaskClub upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $131.21.

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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