Tompkins Financial Corp boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.0% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 41,203 shares of the company’s stock after acquiring an additional 1,601 shares during the quarter. PepsiCo comprises about 0.9% of Tompkins Financial Corp’s portfolio, making the stock its 22nd largest position. Tompkins Financial Corp’s holdings in PepsiCo were worth $4,606,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. IFP Advisors Inc lifted its position in PepsiCo by 1.2% during the 2nd quarter. IFP Advisors Inc now owns 36,628 shares of the company’s stock worth $3,988,000 after acquiring an additional 443 shares during the period. Heritage Way Advisors LLC lifted its position in PepsiCo by 2.6% during the 2nd quarter. Heritage Way Advisors LLC now owns 17,575 shares of the company’s stock worth $1,913,000 after acquiring an additional 450 shares during the period. R.M.SINCERBEAUX Capital Management LLC lifted its position in PepsiCo by 22.5% during the 2nd quarter. R.M.SINCERBEAUX Capital Management LLC now owns 2,450 shares of the company’s stock worth $267,000 after acquiring an additional 450 shares during the period. Edgemoor Investment Advisors Inc. lifted its position in PepsiCo by 6.7% during the 2nd quarter. Edgemoor Investment Advisors Inc. now owns 7,214 shares of the company’s stock worth $785,000 after acquiring an additional 450 shares during the period. Finally, Sigma Planning Corp lifted its position in PepsiCo by 1.4% during the 2nd quarter. Sigma Planning Corp now owns 32,120 shares of the company’s stock worth $3,497,000 after acquiring an additional 450 shares during the period. 70.58% of the stock is owned by institutional investors.
NASDAQ PEP opened at $115.82 on Friday. The stock has a market cap of $164.93 billion, a price-to-earnings ratio of 22.15, a P/E/G ratio of 2.92 and a beta of 0.60. PepsiCo, Inc. has a fifty-two week low of $95.94 and a fifty-two week high of $122.51. The company has a quick ratio of 1.15, a current ratio of 1.31 and a debt-to-equity ratio of 2.95.
PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, October 2nd. The company reported $1.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.02. PepsiCo had a return on equity of 73.27% and a net margin of 7.66%. The business had revenue of $16.49 billion during the quarter, compared to analyst estimates of $16.38 billion. During the same quarter last year, the business posted $1.48 EPS. The company’s revenue was up 1.5% on a year-over-year basis. Analysts forecast that PepsiCo, Inc. will post 5.65 EPS for the current year.
The firm 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 $0.9275 dividend. The ex-dividend date is Thursday, December 6th. This represents a $3.71 annualized dividend and a dividend yield of 3.20%. PepsiCo’s dividend payout ratio is presently 70.94%.
In related news, CEO Laxman Narasimhan sold 5,500 shares of PepsiCo stock in a transaction dated Thursday, October 4th. The stock was sold at an average price of $106.79, for a total value of $587,345.00. Following the sale, the chief executive officer now directly owns 130,135 shares in the company, valued at approximately $13,897,116.65. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP David Yawman sold 12,024 shares of PepsiCo stock in a transaction dated Tuesday, October 16th. The stock was sold at an average price of $106.99, for a total value of $1,286,447.76. Following the completion of the sale, the executive vice president now owns 59,133 shares in the company, valued at $6,326,639.67. The disclosure for this sale can be found here. In the last 90 days, insiders sold 205,893 shares of company stock valued at $22,663,157. 0.27% of the stock is owned by company insiders.
A number of analysts have commented on the company. ValuEngine raised PepsiCo from a “hold” rating to a “buy” rating in a research report on Saturday, December 1st. Zacks Investment Research reaffirmed a “sell” rating on shares of PepsiCo in a research report on Wednesday, November 14th. BidaskClub raised PepsiCo from a “hold” rating to a “buy” rating in a research report on Thursday, November 15th. Goldman Sachs Group reaffirmed a “sell” rating and set a $108.00 price target on shares of PepsiCo in a research report on Monday, August 20th. Finally, Guggenheim began coverage on PepsiCo in a research report on Thursday, September 13th. They set a “neutral” rating and a $117.00 price target for the company. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $117.89.
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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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