Iberiabank Corp Has $1.98 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Iberiabank Corp decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,929 shares of the company’s stock after selling 232 shares during the period. Iberiabank Corp’s holdings in PepsiCo were worth $1,975,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV bought a new position in PepsiCo in the 2nd quarter valued at about $26,000. Evolution Wealth Advisors LLC grew its position in shares of PepsiCo by 342.2% in the second quarter. Evolution Wealth Advisors LLC now owns 283 shares of the company’s stock valued at $37,000 after purchasing an additional 219 shares during the last quarter. Marquette Asset Management LLC bought a new position in shares of PepsiCo during the second quarter worth approximately $40,000. New England Investment & Retirement Group Inc. acquired a new stake in PepsiCo during the 1st quarter worth approximately $41,000. Finally, Lion Street Advisors LLC acquired a new stake in PepsiCo during the 1st quarter worth approximately $43,000. 70.60% of the stock is owned by institutional investors.

Shares of NASDAQ:PEP opened at $137.66 on Friday. The company’s 50 day simple moving average is $133.06 and its 200 day simple moving average is $133.75. The stock has a market capitalization of $191.04 billion, a price-to-earnings ratio of 28.15, a price-to-earnings-growth ratio of 4.60 and a beta of 0.58. The company has a debt-to-equity ratio of 3.05, a current ratio of 0.97 and a quick ratio of 0.79. PepsiCo, Inc. has a 1 year low of $101.42 and a 1 year high of $147.20.

PepsiCo (NASDAQ:PEP) last released its earnings results on Monday, July 13th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.07. PepsiCo had a return on equity of 54.77% and a net margin of 10.13%. The firm had revenue of $15.95 billion during the quarter, compared to analysts’ expectations of $15.47 billion. During the same period in the prior year, the company earned $1.54 earnings per share. The company’s quarterly revenue was down 3.1% on a year-over-year basis. As a group, analysts anticipate that PepsiCo, Inc. will post 5.34 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 4th will be given a dividend of $1.0225 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $4.09 annualized dividend and a dividend yield of 2.97%. PepsiCo’s dividend payout ratio is currently 73.96%.

In other PepsiCo news, CEO Steven C. Williams sold 2,600 shares of the firm’s stock in a transaction that occurred on Wednesday, July 15th. The shares were sold at an average price of $134.32, for a total value of $349,232.00. Following the sale, the chief executive officer now owns 67,718 shares in the company, valued at $9,095,881.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ramon Laguarta sold 13,109 shares of the business’s stock in a transaction on Friday, July 17th. The stock was sold at an average price of $134.86, for a total transaction of $1,767,879.74. Following the sale, the chief executive officer now directly owns 281,972 shares in the company, valued at approximately $38,026,743.92. The disclosure for this sale can be found here. Insiders sold 26,655 shares of company stock worth $3,591,883 over the last ninety days. 0.13% of the stock is currently owned by insiders.

Several research firms have weighed in on PEP. SunTrust Banks increased their price objective on PepsiCo from $125.00 to $130.00 and gave the stock a “hold” rating in a research report on Tuesday, July 14th. Cowen upped their price target on shares of PepsiCo from $135.00 to $156.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. BidaskClub upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Thursday. Guggenheim boosted their price objective on shares of PepsiCo from $134.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Jefferies Financial Group increased their target price on shares of PepsiCo from $130.00 to $135.00 and gave the stock a “hold” rating in a research report on Thursday, July 9th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $142.87.

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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