PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Van Cleef Asset Management Inc

Van Cleef Asset Management Inc lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.6% in the second quarter, HoldingsChannel.com reports. The firm owned 60,737 shares of the company’s stock after selling 344 shares during the quarter. PepsiCo comprises 1.8% of Van Cleef Asset Management Inc’s holdings, making the stock its 19th largest position. Van Cleef Asset Management Inc’s holdings in PepsiCo were worth $7,965,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Stuart Chaussee & Associates Inc. grew its position in shares of PepsiCo by 18.8% in the second quarter. Stuart Chaussee & Associates Inc. now owns 505 shares of the company’s stock valued at $66,000 after purchasing an additional 80 shares during the last quarter. 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 worth $448,000 after acquiring an additional 82 shares during the last quarter. Alera Investment Advisors LLC boosted its position in PepsiCo by 3.5% during the second quarter. Alera Investment Advisors LLC now owns 2,471 shares of the company’s stock worth $324,000 after acquiring an additional 84 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 worth $425,000 after acquiring an additional 86 shares during the last quarter. Finally, 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 worth $1,238,000 after acquiring an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 71.51% of the company’s stock.

In other news, CEO Kirk Tanner sold 9,573 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $128.15, for a total value of $1,226,779.95. Following the transaction, the chief executive officer now owns 105,350 shares of the company’s stock, valued at approximately $13,500,602.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Steven C. Williams sold 2,420 shares of the firm’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $133.95, for a total transaction of $324,159.00. Following the completion of the transaction, the chief executive officer now directly owns 54,920 shares in the company, valued at approximately $7,356,534. The disclosure for this sale can be found here. Company insiders own 0.28% of the company’s stock.



NASDAQ:PEP traded down $1.23 during trading hours on Friday, reaching $136.06. 223,263 shares of the company were exchanged, compared to its average volume of 3,696,356. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.86 and a quick ratio of 0.66. The firm has a market cap of $189.96 billion, a price-to-earnings ratio of 24.03, a PEG ratio of 3.53 and a beta of 0.56. PepsiCo, Inc. has a 52-week low of $104.53 and a 52-week high of $139.18. The stock has a 50 day simple moving average of $132.01 and a 200 day simple moving average of $127.77.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, July 9th. The company reported $1.54 earnings per share 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 the consensus estimate of $16.44 billion. PepsiCo had a net margin of 19.59% and a return on equity of 59.50%. PepsiCo’s revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.61 earnings per share. On average, analysts predict that PepsiCo, Inc. will post 5.51 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be paid a dividend of $0.955 per share. This represents a $3.82 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date is Thursday, September 5th. PepsiCo’s dividend payout ratio is currently 67.49%.

A number of brokerages recently issued reports on PEP. Cowen raised their target price on shares of PepsiCo from $142.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 10th. ValuEngine upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, August 27th. Atlantic Securities began coverage on shares of PepsiCo in a research report on Monday, July 29th. They set an “overweight” rating and a $145.00 target price on the stock. Jefferies Financial Group raised their target price on shares of PepsiCo from $123.00 to $134.00 and gave the stock a “hold” rating in a research report on Wednesday, July 10th. Finally, SunTrust Banks restated a “hold” rating and set a $125.00 target price on shares of PepsiCo in a research report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $130.50.

PepsiCo Profile

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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