Bernzott Capital Advisors Boosts Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Bernzott Capital Advisors increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 61,235 shares of the company’s stock after buying an additional 292 shares during the period. Bernzott Capital Advisors’ holdings in PepsiCo were worth $8,030,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Personal Wealth Partners bought a new stake in shares of PepsiCo during the second quarter valued at about $25,000. Evolution Wealth Advisors LLC acquired a new position in shares of PepsiCo in the second quarter worth $27,000. Financial Advantage Inc. acquired a new stake in shares of PepsiCo during the 2nd quarter valued at about $28,000. 1 North Wealth Services LLC bought a new position in PepsiCo during the fourth quarter valued at approximately $39,000. Finally, G&S Capital LLC grew its position in PepsiCo by 96.3% in the second quarter. G&S Capital LLC now owns 371 shares of the company’s stock worth $49,000 after acquiring an additional 182 shares in the last quarter. 71.51% of the stock is currently owned by hedge funds and other institutional investors.

In other PepsiCo news, CEO Steven C. Williams sold 2,420 shares of the company’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $133.95, for a total transaction of $324,159.00. Following the transaction, the chief executive officer now owns 54,920 shares in the company, valued at $7,356,534. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Kirk Tanner sold 9,573 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 105,350 shares of the company’s stock, valued at $13,500,602.50. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by insiders.

NASDAQ:PEP opened at $136.30 on Tuesday. PepsiCo, Inc. has a twelve month low of $104.53 and a twelve month high of $139.18. The company has a market cap of $192.07 billion, a P/E ratio of 24.08, a price-to-earnings-growth ratio of 3.57 and a beta of 0.56. The business has a 50 day moving average price of $131.82 and a two-hundred day moving average price of $127.58. The company has a quick ratio of 0.66, a current ratio of 0.86 and a debt-to-equity ratio of 1.97.

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

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be given a dividend of $0.955 per share. This represents a $3.82 annualized dividend and a yield of 2.80%. The ex-dividend date is Thursday, September 5th. PepsiCo’s dividend payout ratio is currently 67.49%.

Several equities analysts have weighed in on PEP shares. Bank of America raised their target price on PepsiCo from $135.00 to $142.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Morgan Stanley upped their price target on shares of PepsiCo from $137.00 to $143.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. BidaskClub upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. UBS Group lifted their target price on PepsiCo from $130.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Finally, BMO Capital Markets reissued an “average” rating and set a $128.00 price objective on shares of PepsiCo in a report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company. PepsiCo presently has an average rating of “Buy” and an average price target of $130.20.

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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