Taylor Hoffman Wealth Management Has $2.02 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Taylor Hoffman Wealth Management cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 16.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,378 shares of the company’s stock after selling 3,129 shares during the period. PepsiCo comprises approximately 1.6% of Taylor Hoffman Wealth Management’s investment portfolio, making the stock its 18th biggest position. Taylor Hoffman Wealth Management’s holdings in PepsiCo were worth $2,017,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in PEP. Sigma Investment Counselors Inc. boosted its position in PepsiCo by 2.5% during the second quarter. Sigma Investment Counselors Inc. now owns 3,415 shares of the company’s stock valued at $448,000 after acquiring an additional 82 shares during the last quarter. Strategic Financial Group LLC boosted its position in PepsiCo by 2.7% during the second quarter. Strategic Financial Group LLC now owns 3,242 shares of the company’s stock valued at $425,000 after acquiring an additional 86 shares during the last quarter. First Command Financial Services Inc. boosted its position in PepsiCo by 1.0% during the second quarter. First Command Financial Services Inc. now owns 9,440 shares of the company’s stock valued at $1,238,000 after acquiring an additional 95 shares during the last quarter. ZWJ Investment Counsel Inc. boosted its position in PepsiCo by 1.0% during the second quarter. ZWJ Investment Counsel Inc. now owns 9,586 shares of the company’s stock valued at $1,257,000 after acquiring an additional 96 shares during the last quarter. Finally, Stockman Wealth Management Inc. boosted its position in PepsiCo by 0.5% during the fourth quarter. Stockman Wealth Management Inc. now owns 18,804 shares of the company’s stock valued at $2,077,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 71.83% of the company’s stock.

Shares of PEP stock traded down $0.11 on Tuesday, reaching $132.46. 731,307 shares of the company were exchanged, compared to its average volume of 4,626,086. The company has a market cap of $184.22 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 3.42 and a beta of 0.60. The company has a 50-day moving average of $130.83 and a 200-day moving average of $125.36. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.86 and a quick ratio of 0.66. PepsiCo, Inc. has a one year low of $104.53 and a one year high of $135.24.



PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, July 9th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.05. The company had revenue of $16.45 billion for the quarter, compared to analysts’ expectations of $16.44 billion. PepsiCo had a net margin of 19.59% and a return on equity of 59.50%. The business’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.61 EPS. As a group, sell-side analysts predict that PepsiCo, Inc. will post 5.51 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be given a dividend of $0.955 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $3.82 dividend on an annualized basis and a dividend yield of 2.88%. PepsiCo’s dividend payout ratio (DPR) is presently 67.49%.

In related news, CEO Steven C. Williams sold 2,420 shares of the company’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $133.95, for a total value of $324,159.00. Following the sale, the chief executive officer now owns 54,920 shares in the company, valued at approximately $7,356,534. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kirk Tanner sold 9,573 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $128.15, for a total transaction of $1,226,779.95. Following the completion of the sale, the chief executive officer now owns 105,350 shares in the company, valued at approximately $13,500,602.50. The disclosure for this sale can be found here. 0.28% of the stock is owned by corporate insiders.

A number of brokerages have commented on PEP. Goldman Sachs Group set a $132.00 price target on shares of PepsiCo and gave the company a “neutral” rating in a research report on Wednesday, April 24th. ValuEngine cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Wells Fargo & Co upped their price target on shares of PepsiCo from $120.00 to $127.00 and gave the company a “positive” rating in a research report on Tuesday, May 14th. BMO Capital Markets reaffirmed an “average” rating and set a $128.00 price target on shares of PepsiCo in a research report on Wednesday, July 10th. Finally, Jefferies Financial Group upped their price target on shares of PepsiCo from $123.00 to $134.00 and gave the company a “hold” rating in a research report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $129.35.

About PepsiCo

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

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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