Oppenheimer Asset Management Inc. Has $6.92 Million Stake in PepsiCo, Inc. (PEP)

Oppenheimer Asset Management Inc. lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 17.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 63,525 shares of the company’s stock after selling 13,269 shares during the period. Oppenheimer Asset Management Inc.’s holdings in PepsiCo were worth $6,918,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. HC Financial Advisors Inc. acquired a new position in shares of PepsiCo in the 4th quarter worth $1,040,000. Buckley Wealth Management LLC grew its holdings in shares of PepsiCo by 11.0% in the 1st quarter. Buckley Wealth Management LLC now owns 6,496 shares of the company’s stock worth $709,000 after acquiring an additional 646 shares during the last quarter. Connecticut Wealth Management LLC acquired a new position in shares of PepsiCo in the 1st quarter worth $274,000. Skba Capital Management LLC grew its holdings in shares of PepsiCo by 1.0% during the first quarter. Skba Capital Management LLC now owns 121,590 shares of the company’s stock valued at $13,272,000 after buying an additional 1,150 shares in the last quarter. Finally, Santa Barbara Asset Management LLC grew its holdings in shares of PepsiCo by 5.5% during the first quarter. Santa Barbara Asset Management LLC now owns 1,493,986 shares of the company’s stock valued at $163,069,000 after buying an additional 77,460 shares in the last quarter. Institutional investors own 70.25% of the company’s stock.

A number of brokerages have weighed in on PEP. BidaskClub cut PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, August 23rd. Zacks Investment Research upgraded PepsiCo from a “sell” rating to a “hold” rating in a research note on Thursday. Susquehanna Bancshares lowered their price objective on PepsiCo from $136.00 to $135.00 and set a “positive” rating on the stock in a research note on Friday, September 28th. Citigroup lowered their price objective on PepsiCo from $118.00 to $116.00 and set a “hold” rating on the stock in a research note on Wednesday, October 3rd. Finally, Guggenheim started coverage on PepsiCo in a research note on Thursday, September 13th. They issued a “neutral” rating and a $117.00 price objective on the stock. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $117.89.

Shares of PEP traded down $0.72 during trading hours on Thursday, reaching $115.28. The stock had a trading volume of 3,245,049 shares, compared to its average volume of 5,138,483. The company has a quick ratio of 1.15, a current ratio of 1.31 and a debt-to-equity ratio of 2.95. PepsiCo, Inc. has a 52 week low of $95.94 and a 52 week high of $122.51. The stock has a market cap of $163.74 billion, a P/E ratio of 22.04, a P/E/G ratio of 2.90 and a beta of 0.58.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, October 2nd. The company reported $1.59 EPS for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.02. PepsiCo had a net margin of 7.66% and a return on equity of 73.27%. The business had revenue of $16.49 billion during the quarter, compared to analysts’ expectations of $16.38 billion. During the same quarter in the prior year, the company earned $1.48 EPS. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. On average, equities research analysts expect that PepsiCo, Inc. will post 5.65 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 7th. Investors of record on Friday, December 7th will be given a $0.9275 dividend. This represents a $3.71 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Thursday, December 6th. PepsiCo’s dividend payout ratio is currently 70.94%.

In other PepsiCo news, CEO Mike Spanos sold 20,074 shares of the stock in a transaction dated Wednesday, October 31st. The stock was sold at an average price of $112.42, for a total transaction of $2,256,719.08. Following the completion of the transaction, the chief executive officer now owns 35,520 shares in the company, valued at approximately $3,993,158.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mehmood Khan sold 168,295 shares of the stock in a transaction dated Tuesday, October 23rd. The stock was sold at an average price of $110.12, for a total value of $18,532,645.40. Following the transaction, the executive vice president now owns 173,702 shares of the company’s stock, valued at approximately $19,128,064.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 205,893 shares of company stock valued at $22,663,157. 0.27% of the stock is owned by corporate insiders.

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About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's 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 brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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