PepsiCo, Inc. (PEP) Shares Sold by Altavista Wealth Management Inc.

Altavista Wealth Management Inc. cut its position in PepsiCo, Inc. (NYSE:PEP) by 0.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 49,996 shares of the company’s stock after selling 344 shares during the period. PepsiCo accounts for approximately 2.8% of Altavista Wealth Management Inc.’s portfolio, making the stock its 8th largest position. Altavista Wealth Management Inc.’s holdings in PepsiCo were worth $5,231,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Piershale Financial Group Inc. raised its position in shares of PepsiCo by 0.4% in the third quarter. Piershale Financial Group Inc. now owns 1,009 shares of the company’s stock valued at $110,000 after buying an additional 4 shares during the period. Gierl Augustine Investment Management Inc raised its position in shares of PepsiCo by 0.5% in the third quarter. Gierl Augustine Investment Management Inc now owns 1,832 shares of the company’s stock valued at $199,000 after buying an additional 9 shares during the period. Highland Private Wealth Management raised its position in shares of PepsiCo by 0.5% in the fourth quarter. Highland Private Wealth Management now owns 3,574 shares of the company’s stock valued at $374,000 after buying an additional 18 shares during the period. Brick & Kyle Associates raised its position in shares of PepsiCo by 0.4% in the third quarter. Brick & Kyle Associates now owns 5,281 shares of the company’s stock valued at $574,000 after buying an additional 22 shares during the period. Finally, Kelman Lazarov Inc. raised its position in shares of PepsiCo by 0.4% in the third quarter. Kelman Lazarov Inc. now owns 8,373 shares of the company’s stock valued at $897,000 after buying an additional 35 shares during the period. Hedge funds and other institutional investors own 70.43% of the company’s stock.

Institutional Ownership by Quarter for PepsiCo (NYSE:PEP)

PepsiCo, Inc. (NYSE:PEP) traded down 0.05% during mid-day trading on Friday, hitting $113.53. 2,544,677 shares of the stock traded hands. PepsiCo, Inc. has a 12-month low of $98.50 and a 12-month high of $114.61. The company has a market cap of $162.03 billion, a price-to-earnings ratio of 26.04 and a beta of 0.53. The firm’s 50-day moving average is $111.53 and its 200-day moving average is $106.61.

PepsiCo (NYSE:PEP) last issued its quarterly earnings data on Wednesday, February 15th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.04. The company earned $19.52 billion during the quarter, compared to analysts’ expectations of $19.51 billion. PepsiCo had a return on equity of 56.16% and a net margin of 10.74%. The business’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the business earned $1.06 earnings per share. Equities research analysts expect that PepsiCo, Inc. will post $5.12 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Friday, March 3rd were issued a dividend of $0.7525 per share. The ex-dividend date was Wednesday, March 1st. This represents a $3.01 dividend on an annualized basis and a dividend yield of 2.65%. PepsiCo’s payout ratio is presently 66.01%.

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A number of equities analysts recently commented on the stock. Susquehanna Bancshares Inc reissued a “hold” rating and issued a $120.00 price objective on shares of PepsiCo in a research note on Monday, January 9th. Barclays PLC assumed coverage on shares of PepsiCo in a research note on Monday, January 9th. They issued an “equal weight” rating and a $102.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on shares of PepsiCo in a research note on Tuesday, March 21st. They issued an “overweight” rating and a $125.00 price objective for the company. Credit Suisse Group AG reaffirmed a “buy” rating and set a $115.00 price target on shares of PepsiCo in a research report on Thursday, February 16th. Finally, CLSA reaffirmed an “outperform” rating on shares of PepsiCo in a research report on Wednesday, February 15th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $117.12.

In other news, COO Vivek Sankaran sold 2,000 shares of the business’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $110.22, for a total transaction of $220,440.00. Following the completion of the transaction, the chief operating officer now directly owns 73,595 shares in the company, valued at approximately $8,111,640.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Cynthia Trudell sold 9,000 shares of the business’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $109.57, for a total value of $986,130.00. Following the transaction, the executive vice president now owns 38,739 shares of the company’s stock, valued at $4,244,632.23. The disclosure for this sale can be found here. Insiders sold 44,343 shares of company stock valued at $4,850,480 over the last ninety days. 0.33% of the stock is currently owned by company insiders.

About PepsiCo

PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).

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