Lincoln National Corp Increases Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Lincoln National Corp increased its position in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 17.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 31,466 shares of the company’s stock after buying an additional 4,662 shares during the quarter. Lincoln National Corp’s holdings in PepsiCo were worth $5,266,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in PEP. Landmark Wealth Management LLC purchased a new position in PepsiCo during the first quarter valued at $29,000. Life Planning Partners Inc purchased a new position in PepsiCo during the fourth quarter valued at $35,000. Leverty Financial Group LLC purchased a new position in PepsiCo during the fourth quarter valued at $38,000. Strategic Asset Management LLC lifted its holdings in PepsiCo by 53.3% during the first quarter. Strategic Asset Management LLC now owns 276 shares of the company’s stock valued at $46,000 after purchasing an additional 96 shares in the last quarter. Finally, Retirement Group LLC lifted its holdings in PepsiCo by 100.0% during the first quarter. Retirement Group LLC now owns 322 shares of the company’s stock valued at $54,000 after purchasing an additional 161 shares in the last quarter. 72.12% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Steven C. Williams sold 1,753 shares of the firm’s stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $171.18, for a total value of $300,078.54. Following the completion of the transaction, the chief executive officer now owns 70,892 shares of the company’s stock, valued at $12,135,292.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Eugene Willemsen sold 4,560 shares of PepsiCo stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $175.61, for a total value of $800,781.60. Following the completion of the transaction, the chief executive officer now owns 8,277 shares in the company, valued at $1,453,523.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Steven C. Williams sold 1,753 shares of PepsiCo stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $171.18, for a total transaction of $300,078.54. Following the completion of the transaction, the chief executive officer now owns 70,892 shares of the company’s stock, valued at approximately $12,135,292.56. The disclosure for this sale can be found here. Insiders sold a total of 14,896 shares of company stock valued at $2,602,868 over the last 90 days. 0.12% of the stock is owned by company insiders.

PepsiCo Price Performance

PepsiCo stock opened at $174.55 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.78. The stock has a market cap of $240.86 billion, a P/E ratio of 26.29, a PEG ratio of 3.45 and a beta of 0.55. The company has a 50-day moving average price of $167.65 and a 200 day moving average price of $169.53. PepsiCo, Inc. has a 12-month low of $149.48 and a 12-month high of $177.69.

PepsiCo (NASDAQ:PEPGet Rating) last announced its earnings results on Tuesday, July 12th. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.13. The company had revenue of $20.23 billion during the quarter, compared to analyst estimates of $19.51 billion. PepsiCo had a net margin of 11.28% and a return on equity of 52.01%. PepsiCo’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.72 earnings per share. Sell-side analysts anticipate that PepsiCo, Inc. will post 6.65 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 2nd will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Thursday, September 1st. PepsiCo’s dividend payout ratio (DPR) is presently 69.28%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Citigroup increased their price objective on shares of PepsiCo from $194.00 to $198.00 in a report on Wednesday, April 27th. Wells Fargo & Company reduced their target price on shares of PepsiCo from $175.00 to $172.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 21st. Credit Suisse Group increased their target price on shares of PepsiCo from $168.00 to $170.00 and gave the company a “neutral” rating in a research report on Wednesday, July 13th. Deutsche Bank Aktiengesellschaft increased their target price on shares of PepsiCo from $175.00 to $178.00 and gave the company a “hold” rating in a research report on Thursday, July 7th. Finally, UBS Group reduced their target price on shares of PepsiCo from $190.00 to $182.00 and set a “buy” rating for the company in a research report on Tuesday, June 21st. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, PepsiCo currently has an average rating of “Moderate Buy” and a consensus price target of $182.00.

PepsiCo Company Profile

(Get Rating)

PepsiCo, Inc manufactures, markets, distributes, and sells various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.

See Also

Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEPGet Rating).

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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