PepsiCo, Inc. (NASDAQ:PEP) Stake Lessened by M&R Capital Management Inc.

M&R Capital Management Inc. lessened its stake in PepsiCo, Inc. (NASDAQ:PEP) by 4.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,279 shares of the company’s stock after selling 2,588 shares during the period. PepsiCo comprises about 1.6% of M&R Capital Management Inc.’s investment portfolio, making the stock its 19th largest position. M&R Capital Management Inc.’s holdings in PepsiCo were worth $6,892,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of PEP. Marietta Wealth Management LLC boosted its holdings in shares of PepsiCo by 3.6% during the second quarter. Marietta Wealth Management LLC now owns 22,145 shares of the company’s stock valued at $2,904,000 after acquiring an additional 763 shares during the period. Laurel Wealth Advisors Inc. lifted its holdings in PepsiCo by 1.3% in the first quarter. Laurel Wealth Advisors Inc. now owns 23,826 shares of the company’s stock worth $2,920,000 after purchasing an additional 296 shares during the period. AQR Capital Management LLC lifted its holdings in PepsiCo by 27.6% in the second quarter. AQR Capital Management LLC now owns 3,484,704 shares of the company’s stock worth $456,949,000 after purchasing an additional 754,455 shares during the period. AE Wealth Management LLC lifted its holdings in PepsiCo by 72.6% in the second quarter. AE Wealth Management LLC now owns 64,904 shares of the company’s stock worth $8,511,000 after purchasing an additional 27,302 shares during the period. Finally, Assetmark Inc. lifted its holdings in PepsiCo by 19.0% in the second quarter. Assetmark Inc. now owns 5,417 shares of the company’s stock worth $710,000 after purchasing an additional 864 shares during the period. Institutional investors and hedge funds own 71.47% of the company’s stock.

PEP has been the subject of a number of research analyst reports. Deutsche Bank upped their price target on shares of PepsiCo from $141.00 to $142.00 and gave the company a “hold” rating in a report on Tuesday, September 24th. SunTrust Banks reissued a “hold” rating and issued a $125.00 price target on shares of PepsiCo in a report on Wednesday, July 10th. UBS Group upped their price target on shares of PepsiCo from $130.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Bank of America upped their price target on shares of PepsiCo from $135.00 to $142.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Finally, ValuEngine downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $131.53.

Shares of PEP traded up $5.33 during trading hours on Thursday, reaching $139.27. The company’s stock had a trading volume of 2,844,513 shares, compared to its average volume of 3,942,362. The firm has a market cap of $191.69 billion, a price-to-earnings ratio of 24.61, a P/E/G ratio of 3.56 and a beta of 0.57. PepsiCo, Inc. has a 1-year low of $104.53 and a 1-year high of $139.18. The company has a quick ratio of 0.66, a current ratio of 0.86 and a debt-to-equity ratio of 1.97. The company has a 50 day moving average of $134.65 and a two-hundred day moving average of $129.72.

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

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were given a dividend of $0.955 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $3.82 dividend on an annualized basis and a yield of 2.74%. PepsiCo’s payout ratio is currently 67.49%.

In other PepsiCo news, CEO Kirk Tanner sold 9,573 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $13,500,602.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Steven C. Williams sold 2,420 shares of the company’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $133.95, for a total value of $324,159.00. Following the sale, the chief executive officer now directly owns 54,920 shares of the company’s stock, valued at approximately $7,356,534. The disclosure for this sale can be found here. 0.28% of the stock is owned by corporate insiders.

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.

Read More: Return on Investment (ROI) Defined, Explained

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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