Beaumont Financial Partners LLC Boosts Stake in PepsiCo, Inc. (NASDAQ:PEP)

Beaumont Financial Partners LLC raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 2.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 117,538 shares of the company’s stock after acquiring an additional 2,264 shares during the period. PepsiCo makes up 1.6% of Beaumont Financial Partners LLC’s investment portfolio, making the stock its 17th largest position. Beaumont Financial Partners LLC’s holdings in PepsiCo were worth $15,546,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Creative Financial Designs Inc. ADV bought a new stake in shares of PepsiCo during the 2nd quarter worth $26,000. Evolution Wealth Advisors LLC boosted its holdings in shares of PepsiCo by 342.2% in the 2nd quarter. Evolution Wealth Advisors LLC now owns 283 shares of the company’s stock worth $37,000 after purchasing an additional 219 shares in the last quarter. RPG Investment Advisory LLC grew its position in PepsiCo by 191.0% during the second quarter. RPG Investment Advisory LLC now owns 291 shares of the company’s stock valued at $38,000 after acquiring an additional 191 shares during the last quarter. Marquette Asset Management LLC purchased a new position in shares of PepsiCo during the second quarter worth approximately $40,000. Finally, New England Investment & Retirement Group Inc. bought a new stake in shares of PepsiCo in the 1st quarter worth approximately $41,000. Hedge funds and other institutional investors own 70.60% of the company’s stock.

Shares of NASDAQ:PEP traded down $0.86 on Wednesday, reaching $135.12. The company’s stock had a trading volume of 3,301,500 shares, compared to its average volume of 5,723,014. The company has a 50-day simple moving average of $134.46 and a 200 day simple moving average of $133.64. PepsiCo, Inc. has a 52-week low of $101.42 and a 52-week high of $147.20. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.79 and a current ratio of 0.97. The company has a market cap of $187.95 billion, a P/E ratio of 27.63, a PEG ratio of 4.57 and a beta of 0.58.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Monday, July 13th. The company reported $1.32 EPS for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.07. PepsiCo had a net margin of 10.13% and a return on equity of 54.77%. The firm had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.47 billion. During the same quarter last year, the firm earned $1.54 EPS. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, equities research analysts forecast that PepsiCo, Inc. will post 5.34 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be given a dividend of $1.0225 per share. This represents a $4.09 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Thursday, September 3rd. PepsiCo’s dividend payout ratio is currently 73.96%.

In other PepsiCo news, CEO Ramon Laguarta sold 13,109 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 281,972 shares in the company, valued at $38,026,743.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Steven C. Williams sold 2,600 shares of the company’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 transaction, the chief executive officer now directly owns 67,718 shares in the company, valued at approximately $9,095,881.76. The disclosure for this sale can be found here. Insiders have sold a total of 26,655 shares of company stock worth $3,591,883 in the last 90 days. 0.13% of the stock is currently owned by insiders.

PEP has been the topic of several recent research reports. Royal Bank of Canada restated a “buy” rating and set a $153.00 price target on shares of PepsiCo in a research report on Tuesday, April 14th. Barclays reissued a “hold” rating and set a $136.00 price target on shares of PepsiCo in a research report on Friday, April 17th. SunTrust Banks increased their target price on shares of PepsiCo from $125.00 to $130.00 and gave the stock a “hold” rating in a report on Tuesday, July 14th. Citigroup lowered their price target on PepsiCo from $157.00 to $148.00 and set a “neutral” rating for the company in a research report on Wednesday, April 29th. Finally, Cfra increased their price objective on PepsiCo from $145.00 to $150.00 and gave the stock a “strong-buy” rating in a report on Tuesday, April 28th. Eight analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus 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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