Lehman & Derafelo Financial Resources LLC trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 4.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,683 shares of the company’s stock after selling 129 shares during the quarter. Lehman & Derafelo Financial Resources LLC’s holdings in PepsiCo were worth $355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. BlackRock Inc. raised its stake in PepsiCo by 2.6% during the 1st quarter. BlackRock Inc. now owns 109,109,695 shares of the company’s stock worth $13,104,075,000 after buying an additional 2,724,092 shares during the period. Capital International Investors acquired a new position in PepsiCo during the 1st quarter worth approximately $227,508,000. Advisor Group Holdings Inc. acquired a new position in PepsiCo during the 1st quarter worth approximately $55,808,000. Franklin Resources Inc. raised its stake in PepsiCo by 13.2% during the 1st quarter. Franklin Resources Inc. now owns 11,136,832 shares of the company’s stock worth $1,337,534,000 after buying an additional 1,298,838 shares during the period. Finally, Swiss National Bank raised its stake in PepsiCo by 21.1% during the 1st quarter. Swiss National Bank now owns 6,487,279 shares of the company’s stock worth $779,122,000 after buying an additional 1,131,600 shares during the period. 70.60% of the stock is currently owned by institutional investors.

PepsiCo stock traded down $0.03 during trading on Friday, hitting $137.66. The stock had a trading volume of 4,304,080 shares, compared to its average volume of 4,248,457. PepsiCo, Inc. has a 1 year low of $101.42 and a 1 year high of $147.20. The company has a quick ratio of 0.79, a current ratio of 0.97 and a debt-to-equity ratio of 3.05. The stock’s 50 day moving average is $133.06 and its two-hundred day moving average is $133.75. The stock has a market cap of $191.04 billion, a price-to-earnings ratio of 28.15, a price-to-earnings-growth ratio of 4.60 and a beta of 0.58.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Monday, July 13th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.07. The firm had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.47 billion. PepsiCo had a return on equity of 54.77% and a net margin of 10.13%. The business’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.54 earnings per share. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 5.34 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th will be given a dividend of $1.0225 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $4.09 annualized dividend and a dividend yield of 2.97%. PepsiCo’s dividend payout ratio is currently 73.96%.

In related news, CEO Ramon Laguarta sold 13,109 shares of the stock in a transaction on Friday, July 17th. The stock was sold at an average price of $134.86, for a total value of $1,767,879.74. Following the sale, the chief executive officer now owns 281,972 shares in the company, valued at $38,026,743.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Marie T. Gallagher sold 3,335 shares of the stock in a transaction on Thursday, July 16th. The stock was sold at an average price of $133.32, for a total value of $444,622.20. Following the completion of the sale, the senior vice president now owns 54,029 shares in the company, valued at approximately $7,203,146.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,655 shares of company stock worth $3,591,883. Company insiders own 0.13% of the company’s stock.

A number of research analysts recently weighed in on the company. Cowen upped their price target on PepsiCo from $135.00 to $156.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Morgan Stanley reissued a “buy” rating on shares of PepsiCo in a report on Wednesday, May 13th. Royal Bank of Canada reissued a “buy” rating and set a $153.00 price objective on shares of PepsiCo in a report on Tuesday, April 14th. Jefferies Financial Group boosted their price objective on PepsiCo from $130.00 to $135.00 and gave the stock a “hold” rating in a report on Thursday, July 9th. Finally, Citigroup reduced their target price on PepsiCo from $157.00 to $148.00 and set a “neutral” rating for the company in a report on Wednesday, April 29th. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $142.87.

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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