PepsiCo, Inc. (PEP) Stake Decreased by Valicenti Advisory Services Inc.

Valicenti Advisory Services Inc. cut its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 34.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,166 shares of the company’s stock after selling 18,675 shares during the quarter. PepsiCo comprises 1.7% of Valicenti Advisory Services Inc.’s investment portfolio, making the stock its 21st biggest holding. Valicenti Advisory Services Inc.’s holdings in PepsiCo were worth $3,932,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Altium Wealth Management LLC boosted its holdings in shares of PepsiCo by 11.4% in the 1st quarter. Altium Wealth Management LLC now owns 9,672 shares of the company’s stock valued at $1,055,000 after purchasing an additional 993 shares during the last quarter. Private Vista LLC raised its stake in shares of PepsiCo by 62.4% in the 1st quarter. Private Vista LLC now owns 7,522 shares of the company’s stock valued at $821,000 after acquiring an additional 2,889 shares during the period. Rikoon Group LLC raised its stake in shares of PepsiCo by 12.4% in the 1st quarter. Rikoon Group LLC now owns 25,014 shares of the company’s stock valued at $2,677,000 after acquiring an additional 2,760 shares during the period. HighPoint Advisor Group LLC raised its stake in shares of PepsiCo by 2.0% in the 1st quarter. HighPoint Advisor Group LLC now owns 29,875 shares of the company’s stock valued at $3,062,000 after acquiring an additional 593 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of PepsiCo in the 1st quarter valued at $590,000. Institutional investors own 70.58% of the company’s stock.

In related news, CEO Laxman Narasimhan sold 5,500 shares of PepsiCo stock in a transaction on Thursday, October 4th. The shares were sold at an average price of $106.79, for a total transaction of $587,345.00. Following the sale, the chief executive officer now owns 130,135 shares of the company’s stock, valued at approximately $13,897,116.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mike Spanos sold 20,074 shares of PepsiCo stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $112.42, for a total transaction of $2,256,719.08. Following the sale, the chief executive officer now directly owns 35,520 shares in the company, valued at approximately $3,993,158.40. The disclosure for this sale can be found here. Insiders have sold a total of 205,893 shares of company stock worth $22,663,157 in the last ninety days. 0.27% of the stock is currently owned by insiders.

A number of equities analysts have recently commented on PEP shares. Goldman Sachs Group reissued a “sell” rating and issued a $108.00 target price on shares of PepsiCo in a research note on Monday, August 20th. BidaskClub downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, August 23rd. Zacks Investment Research raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $126.00 target price on the stock in a research note on Tuesday, September 11th. Guggenheim started coverage on shares of PepsiCo in a research note on Thursday, September 13th. They issued a “neutral” rating and a $117.00 target price on the stock. Finally, Macquarie set a $122.00 target price on shares of PepsiCo and gave the company an “outperform” rating in a research note on Friday, September 28th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $117.89.

PepsiCo stock opened at $115.82 on Friday. PepsiCo, Inc. has a 12-month low of $95.94 and a 12-month high of $122.51. The firm has a market cap of $164.93 billion, a P/E ratio of 22.15, a PEG ratio of 2.92 and a beta of 0.60. The company has a current ratio of 1.31, a quick ratio of 1.15 and a debt-to-equity ratio of 2.95.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, October 2nd. The company reported $1.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.02. PepsiCo had a net margin of 7.66% and a return on equity of 73.27%. The firm had revenue of $16.49 billion for the quarter, compared to the consensus estimate of $16.38 billion. During the same quarter in the previous year, the firm posted $1.48 EPS. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. On average, equities analysts expect that PepsiCo, Inc. will post 5.65 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 7th. Investors of record on Friday, December 7th will be paid a dividend of $0.9275 per share. This represents a $3.71 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend is Thursday, December 6th. PepsiCo’s dividend payout ratio (DPR) is 70.94%.

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PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's 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 brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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