Stevens Capital Management LP Purchases Shares of 56,801 PepsiCo, Inc. (NASDAQ:PEP)

Stevens Capital Management LP purchased a new stake in PepsiCo, Inc. (NASDAQ:PEP) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 56,801 shares of the company’s stock, valued at approximately $7,448,000.

A number of other institutional investors and hedge funds have also modified their holdings of PEP. CWM LLC grew its stake in shares of PepsiCo by 55.6% during the 2nd quarter. CWM LLC now owns 92,433 shares of the company’s stock valued at $12,121,000 after buying an additional 33,011 shares during the period. United Asset Strategies Inc. boosted its position in PepsiCo by 1.1% during the 2nd quarter. United Asset Strategies Inc. now owns 14,450 shares of the company’s stock worth $1,895,000 after purchasing an additional 160 shares during the period. Ropes Wealth Advisors LLC boosted its position in PepsiCo by 0.7% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 38,795 shares of the company’s stock worth $5,087,000 after purchasing an additional 275 shares during the period. Geneva Partners LLC boosted its position in PepsiCo by 26.1% during the 2nd quarter. Geneva Partners LLC now owns 3,766 shares of the company’s stock worth $494,000 after purchasing an additional 780 shares during the period. Finally, Signaturefd LLC boosted its position in PepsiCo by 6.9% during the 2nd quarter. Signaturefd LLC now owns 16,807 shares of the company’s stock worth $2,204,000 after purchasing an additional 1,092 shares during the period. Institutional investors own 71.26% of the company’s stock.

A number of analysts recently weighed in on PEP shares. Wells Fargo & Co upped their price target on shares of PepsiCo from $120.00 to $127.00 and gave the stock a “positive” rating in a research report on Tuesday, May 14th. Zacks Investment Research raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $142.00 price target for the company in a research report on Tuesday, April 23rd. Goldman Sachs Group set a $132.00 price target on shares of PepsiCo and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Morgan Stanley upped their price target on shares of PepsiCo from $137.00 to $143.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Finally, Jefferies Financial Group boosted their price objective on shares of PepsiCo from $123.00 to $134.00 and gave the stock a “hold” rating in a report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $129.35.

PEP stock traded up $0.79 during trading on Friday, reaching $131.51. The stock had a trading volume of 61,573 shares, compared to its average volume of 4,586,136. PepsiCo, Inc. has a 1-year low of $104.53 and a 1-year 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 company has a market capitalization of $181.66 billion, a P/E ratio of 23.27, a PEG ratio of 3.37 and a beta of 0.60. The firm has a fifty day moving average price of $130.78 and a 200 day moving average price of $125.22.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, July 9th. The company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $16.44 billion. During the same quarter in the previous year, the business posted $1.61 EPS. The firm’s revenue was up 2.2% compared to the same quarter last year. Sell-side analysts predict 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 paid 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 2.90%. PepsiCo’s dividend payout ratio (DPR) is presently 67.49%.

In other news, CEO Kirk Tanner sold 9,573 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were 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 in the company, valued at approximately $13,500,602.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Steven C. Williams sold 2,420 shares of the company’s stock in a transaction dated Thursday, July 11th. The shares were 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 owns 54,920 shares in the company, 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.

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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