PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Castle Rock Wealth Management LLC

Castle Rock Wealth Management LLC increased its position in PepsiCo, Inc. (NASDAQ:PEP) by 18.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,831 shares of the company’s stock after buying an additional 590 shares during the quarter. Castle Rock Wealth Management LLC’s holdings in PepsiCo were worth $502,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Personal Wealth Partners acquired a new stake in shares of PepsiCo during the second quarter worth $25,000. Evolution Wealth Advisors LLC acquired a new stake in shares of PepsiCo during the second quarter worth $27,000. Financial Advantage Inc. acquired a new stake in shares of PepsiCo during the second quarter worth $28,000. 1 North Wealth Services LLC acquired a new stake in shares of PepsiCo during the fourth quarter worth $39,000. Finally, G&S Capital LLC raised its position in shares of PepsiCo by 96.3% during the second quarter. G&S Capital LLC now owns 371 shares of the company’s stock worth $49,000 after purchasing an additional 182 shares during the period. Institutional investors and hedge funds own 71.83% of the company’s stock.

In related news, CEO Steven C. Williams sold 2,420 shares of the stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $133.95, for a total transaction of $324,159.00. Following the completion of the sale, the chief executive officer now owns 54,920 shares in the company, valued at approximately $7,356,534. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Kirk Tanner sold 9,573 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now owns 105,350 shares of the company’s stock, 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 recently issued reports on PEP. Jefferies Financial Group boosted their target price on PepsiCo from $123.00 to $134.00 and gave the stock a “hold” rating in a research report on Wednesday, July 10th. Atlantic Securities began coverage on PepsiCo in a research report on Monday, July 29th. They set an “overweight” rating and a $145.00 target price on the stock. Wells Fargo & Co boosted their target price on PepsiCo from $120.00 to $127.00 and gave the stock a “positive” rating in a research report on Tuesday, May 14th. Cowen boosted their target price on PepsiCo from $142.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 10th. Finally, ValuEngine raised PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $129.35.

PEP opened at $135.19 on Thursday. The company has a market cap of $186.99 billion, a PE ratio of 23.89, a price-to-earnings-growth ratio of 3.47 and a beta of 0.60. The stock has a 50-day moving average of $130.79 and a 200-day moving average of $126.24. PepsiCo, Inc. has a 52-week low of $104.53 and a 52-week high of $135.36. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.66 and a current ratio of 0.86.

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

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be paid a dividend of $0.955 per share. The ex-dividend date is Thursday, September 5th. This represents a $3.82 annualized dividend and a dividend yield of 2.83%. PepsiCo’s dividend payout ratio (DPR) is presently 67.49%.

PepsiCo Company 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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