PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Navellier & Associates Inc.

Navellier & Associates Inc. trimmed its position in PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,003 shares of the company’s stock after selling 100 shares during the quarter. Navellier & Associates Inc.’s holdings in PepsiCo were worth $2,606,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Global Wealth Management Investment Advisory Inc. raised its holdings in shares of PepsiCo by 86.9% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 200 shares of the company’s stock worth $30,000 after purchasing an additional 93 shares during the period. Life Planning Partners Inc purchased a new stake in shares of PepsiCo during the 4th quarter valued at about $35,000. Leverty Financial Group LLC purchased a new stake in shares of PepsiCo during the 4th quarter valued at about $38,000. Masso Torrence Wealth Management Inc. purchased a new stake in shares of PepsiCo during the 4th quarter valued at about $56,000. Finally, Creative Financial Designs Inc. ADV raised its holdings in shares of PepsiCo by 229.6% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 323 shares of the company’s stock valued at $56,000 after buying an additional 225 shares during the period. Institutional investors own 72.12% of the company’s stock.

Shares of PepsiCo stock traded up $1.12 on Thursday, reaching $170.09. 257,990 shares of the company were exchanged, compared to its average volume of 5,630,208. The stock has a fifty day moving average price of $169.78 and a 200-day moving average price of $168.38. The firm has a market capitalization of $235.18 billion, a price-to-earnings ratio of 23.34, a price-to-earnings-growth ratio of 3.20 and a beta of 0.58. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 1.89. PepsiCo, Inc. has a fifty-two week low of $144.61 and a fifty-two week high of $177.62.

PepsiCo (NASDAQ:PEPGet Rating) last announced its earnings results on Tuesday, April 26th. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.05. The company had revenue of $16.20 billion for the quarter, compared to analyst estimates of $15.54 billion. PepsiCo had a return on equity of 53.44% and a net margin of 12.57%. PepsiCo’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.21 earnings per share. On average, equities analysts anticipate that PepsiCo, Inc. will post 6.64 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Friday, June 3rd will be issued a dividend of $1.15 per share. This is an increase from PepsiCo’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Thursday, June 2nd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.70%. PepsiCo’s payout ratio is currently 58.82%.

Several equities research analysts have issued reports on PEP shares. Guggenheim lifted their price objective on PepsiCo from $188.00 to $193.00 in a report on Wednesday, April 27th. Barclays dropped their price objective on PepsiCo from $186.00 to $180.00 and set an “overweight” rating on the stock in a report on Monday, February 14th. Credit Suisse Group lifted their price objective on PepsiCo from $163.00 to $168.00 in a report on Wednesday, April 27th. Wells Fargo & Company dropped their price objective on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 9th. Finally, Morgan Stanley lifted their target price on PepsiCo from $172.00 to $188.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 8th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, PepsiCo has a consensus rating of “Buy” and a consensus price target of $176.56.

In related news, CEO Eugene Willemsen sold 4,560 shares of the business’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $175.61, for a total transaction of $800,781.60. Following the completion of the transaction, the chief executive officer now owns 8,277 shares of the company’s stock, valued at approximately $1,453,523.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David Flavell sold 5,150 shares of the business’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $175.11, for a total value of $901,816.50. Following the transaction, the executive vice president now directly owns 28,275 shares of the company’s stock, valued at approximately $4,951,235.25. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

PepsiCo Company Profile (Get Rating)

PepsiCo, Inc manufactures, markets, distributes, and sells various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.

Further Reading

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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