Burt Wealth Advisors Has $195,000 Holdings in Pepsico, Inc. (PEP)

Burt Wealth Advisors raised its position in shares of Pepsico, Inc. (NYSE:PEP) by 0.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,692 shares of the company’s stock after acquiring an additional 4 shares during the period. Burt Wealth Advisors’ holdings in Pepsico were worth $195,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of PEP. Parsec Financial Management Inc. grew its holdings in shares of Pepsico by 2.7% in the first quarter. Parsec Financial Management Inc. now owns 183,302 shares of the company’s stock worth $20,504,000 after purchasing an additional 4,823 shares during the last quarter. QV Investors Inc. grew its holdings in shares of Pepsico by 18.4% in the first quarter. QV Investors Inc. now owns 37,420 shares of the company’s stock worth $4,185,000 after purchasing an additional 5,810 shares during the last quarter. State of New Jersey Common Pension Fund D grew its holdings in shares of Pepsico by 73.1% in the first quarter. State of New Jersey Common Pension Fund D now owns 1,539,600 shares of the company’s stock worth $172,220,000 after purchasing an additional 650,000 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Pepsico by 14.6% in the first quarter. Russell Investments Group Ltd. now owns 3,881,793 shares of the company’s stock worth $434,310,000 after purchasing an additional 495,542 shares during the last quarter. Finally, Taylor Cottrill Erickson & Associates Inc. grew its holdings in shares of Pepsico by 3.6% in the first quarter. Taylor Cottrill Erickson & Associates Inc. now owns 5,222 shares of the company’s stock worth $584,000 after purchasing an additional 183 shares during the last quarter. Institutional investors and hedge funds own 70.50% of the company’s stock.

In related news, insider Ramon Laguarta sold 21,449 shares of the company’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $110.51, for a total value of $2,370,328.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.26% of the stock is owned by corporate insiders.

PEP has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Pepsico from a “hold” rating to a “buy” rating and set a $132.00 price target on the stock in a report on Tuesday, August 22nd. Jefferies Group cut shares of Pepsico from a “buy” rating to a “hold” rating and cut their price target for the stock from $133.00 to $108.00 in a report on Monday, October 2nd. Credit Suisse Group cut shares of Pepsico from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $126.00 to $124.00 in a report on Friday, September 8th. BidaskClub upgraded shares of Pepsico from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $115.00 price target on shares of Pepsico in a report on Wednesday, September 6th. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $121.35.

Shares of Pepsico, Inc. (NYSE:PEP) opened at $116.78 on Friday. Pepsico, Inc. has a one year low of $99.40 and a one year high of $119.39. The firm has a market cap of $166,077.84, a PE ratio of 22.81, a P/E/G ratio of 3.17 and a beta of 0.68. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 2.32.

Pepsico (NYSE:PEP) last released its quarterly earnings data on Wednesday, October 4th. The company reported $1.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.05. Pepsico had a net margin of 10.97% and a return on equity of 59.68%. The company had revenue of $16.24 billion during the quarter, compared to analyst estimates of $16.35 billion. During the same period in the prior year, the firm earned $1.40 earnings per share. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. analysts anticipate that Pepsico, Inc. will post 5.22 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 8th. Investors of record on Friday, December 1st will be paid a $0.805 dividend. This represents a $3.22 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Thursday, November 30th. Pepsico’s dividend payout ratio (DPR) is presently 66.53%.

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About Pepsico

PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).

Institutional Ownership by Quarter for Pepsico (NYSE:PEP)

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