Cypress Capital LLC Has $2.09 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Cypress Capital LLC lifted its position in PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 2.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,454 shares of the company’s stock after buying an additional 307 shares during the quarter. Cypress Capital LLC’s holdings in PepsiCo were worth $2,085,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Cypress Wealth Services LLC raised its stake in shares of PepsiCo by 2.3% in the 1st quarter. Cypress Wealth Services LLC now owns 2,544 shares of the company’s stock valued at $426,000 after buying an additional 58 shares in the last quarter. Retirement Planning Co of New England Inc. raised its stake in shares of PepsiCo by 0.9% in the 1st quarter. Retirement Planning Co of New England Inc. now owns 6,605 shares of the company’s stock valued at $1,105,000 after buying an additional 59 shares in the last quarter. Cullen Capital Management LLC raised its stake in shares of PepsiCo by 0.7% in the 1st quarter. Cullen Capital Management LLC now owns 8,765 shares of the company’s stock valued at $1,467,000 after buying an additional 60 shares in the last quarter. Titleist Asset Management LTD. raised its stake in shares of PepsiCo by 2.9% in the 1st quarter. Titleist Asset Management LTD. now owns 2,183 shares of the company’s stock valued at $365,000 after buying an additional 62 shares in the last quarter. Finally, First Community Trust NA raised its stake in shares of PepsiCo by 1.5% in the 1st quarter. First Community Trust NA now owns 4,346 shares of the company’s stock valued at $727,000 after buying an additional 63 shares in the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at PepsiCo

In related news, EVP David Flavell sold 5,150 shares of the firm’s stock in a transaction on Monday, May 16th. The shares were sold at an average price of $175.11, for a total value of $901,816.50. Following the completion of the transaction, the executive vice president now directly owns 28,275 shares of the company’s stock, valued at $4,951,235.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other PepsiCo news, CEO Steven C. Williams sold 1,753 shares of PepsiCo stock in a transaction on Friday, July 15th. The shares were sold at an average price of $171.18, for a total transaction of $300,078.54. Following the completion of the transaction, the chief executive officer now directly owns 70,892 shares of the company’s stock, valued at $12,135,292.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP David Flavell sold 5,150 shares of PepsiCo stock in a transaction on Monday, May 16th. The stock was sold at an average price of $175.11, for a total transaction of $901,816.50. Following the transaction, the executive vice president now directly owns 28,275 shares of the company’s stock, valued at $4,951,235.25. The disclosure for this sale can be found here. Insiders sold 14,896 shares of company stock valued at $2,602,868 in the last ninety days. 0.12% of the stock is currently owned by corporate insiders.

PepsiCo Stock Performance

Shares of NASDAQ:PEP opened at $174.55 on Friday. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.83 and a quick ratio of 0.64. The company has a market capitalization of $240.86 billion, a price-to-earnings ratio of 26.29, a P/E/G ratio of 3.45 and a beta of 0.55. The firm’s 50 day simple moving average is $167.65 and its 200 day simple moving average is $169.53. PepsiCo, Inc. has a fifty-two week low of $149.48 and a fifty-two week high of $177.69.

PepsiCo (NASDAQ:PEPGet Rating) last announced its earnings results on Tuesday, July 12th. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.73 by $0.13. The firm had revenue of $20.23 billion for the quarter, compared to the consensus estimate of $19.51 billion. PepsiCo had a net margin of 11.28% and a return on equity of 52.01%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the company posted $1.72 EPS. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 6.65 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 2nd will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $4.60 annualized dividend and a dividend yield of 2.64%. PepsiCo’s dividend payout ratio is currently 69.28%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on PEP shares. Barclays lowered their target price on shares of PepsiCo from $187.00 to $183.00 and set an “overweight” rating on the stock in a report on Wednesday, July 6th. Credit Suisse Group upped their target price on shares of PepsiCo from $168.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday, July 13th. JPMorgan Chase & Co. lowered their target price on shares of PepsiCo from $186.00 to $185.00 and set an “overweight” rating on the stock in a report on Wednesday, July 6th. Wells Fargo & Company lowered their target price on shares of PepsiCo from $175.00 to $172.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 21st. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of PepsiCo from $175.00 to $178.00 and gave the stock a “hold” rating in a report on Thursday, July 7th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $182.00.

PepsiCo Company Profile

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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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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