Timber Creek Capital Management LLC Cuts Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Timber Creek Capital Management LLC lowered its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 60.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,340 shares of the company’s stock after selling 16,097 shares during the period. Timber Creek Capital Management LLC’s holdings in PepsiCo were worth $1,355,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of PEP. Sigma Investment Counselors Inc. lifted its position in shares of PepsiCo by 2.5% during the 2nd quarter. Sigma Investment Counselors Inc. now owns 3,415 shares of the company’s stock valued at $448,000 after buying an additional 82 shares during the last quarter. Strategic Financial Group LLC lifted its position in shares of PepsiCo by 2.7% during the 2nd quarter. Strategic Financial Group LLC now owns 3,242 shares of the company’s stock valued at $425,000 after buying an additional 86 shares during the last quarter. First Command Financial Services Inc. lifted its position in shares of PepsiCo by 1.0% during the 2nd quarter. First Command Financial Services Inc. now owns 9,440 shares of the company’s stock valued at $1,238,000 after buying an additional 95 shares during the last quarter. ZWJ Investment Counsel Inc. lifted its position in shares of PepsiCo by 1.0% during the 2nd quarter. ZWJ Investment Counsel Inc. now owns 9,586 shares of the company’s stock valued at $1,257,000 after buying an additional 96 shares during the last quarter. Finally, Stockman Wealth Management Inc. lifted its position in shares of PepsiCo by 0.5% during the 4th quarter. Stockman Wealth Management Inc. now owns 18,804 shares of the company’s stock valued at $2,077,000 after buying an additional 100 shares during the last quarter. 71.83% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ PEP traded down $0.04 during trading on Wednesday, reaching $132.02. The company’s stock had a trading volume of 76,500 shares, compared to its average volume of 4,626,086. The stock has a market capitalization of $184.22 billion, a PE ratio of 23.32, a P/E/G ratio of 3.42 and a beta of 0.60. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.86 and a quick ratio of 0.66. The firm has a fifty day moving average of $130.85 and a 200 day moving average of $125.46. PepsiCo, Inc. has a one year low of $104.53 and a one year high of $135.24.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, July 9th. The company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.05. The business 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%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.61 EPS. Research analysts expect that PepsiCo, Inc. will post 5.51 earnings per share for the current fiscal year.

The company also recently disclosed 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 annualized dividend and a dividend yield of 2.89%. PepsiCo’s dividend payout ratio (DPR) is presently 67.49%.

A number of research firms recently issued reports on PEP. UBS Group boosted their price objective on PepsiCo from $130.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Jefferies Financial Group boosted their price objective on PepsiCo from $123.00 to $134.00 and gave the company a “hold” rating in a research note on Wednesday, July 10th. Cowen boosted their price objective on PepsiCo from $142.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, July 10th. Wells Fargo & Co boosted their price objective on PepsiCo from $120.00 to $127.00 and gave the company a “positive” rating in a research note on Tuesday, May 14th. Finally, SunTrust Banks reiterated a “hold” rating and set a $125.00 price objective on shares of PepsiCo in a research note on Wednesday, July 10th. One 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. The company presently has a consensus rating of “Hold” and an average price target of $129.35.

In other news, CEO Kirk Tanner sold 9,573 shares of the 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 transaction, the chief executive officer now directly owns 105,350 shares in the company, valued at approximately $13,500,602.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Steven C. Williams sold 2,420 shares of the stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $133.95, for a total value of $324,159.00. Following the transaction, the chief executive officer now owns 54,920 shares in the company, valued at $7,356,534. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by corporate insiders.

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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