Strategic Global Advisors LLC held its position in shares of Pepsico, Inc. (NYSE:PEP) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,341 shares of the company’s stock at the end of the first quarter. Strategic Global Advisors LLC’s holdings in Pepsico were worth $486,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of PEP. Leith Wheeler Investment Counsel Ltd. purchased a new stake in Pepsico during the first quarter worth approximately $157,000. Cigna Investments Inc. New purchased a new stake in Pepsico during the fourth quarter worth approximately $7,843,000. Norges Bank purchased a new stake in Pepsico during the fourth quarter worth approximately $1,492,411,000. AE Wealth Management LLC purchased a new stake in Pepsico during the fourth quarter worth approximately $544,000. Finally, National Pension Service increased its stake in Pepsico by 2.0% in the first quarter. National Pension Service now owns 945,000 shares of the company’s stock worth $106,010,000 after buying an additional 18,835 shares during the last quarter. Institutional investors own 70.52% of the company’s stock.
Pepsico, Inc. (NYSE PEP) traded down 0.21% during trading on Wednesday, reaching $116.47. 238,887 shares of the company’s stock were exchanged. The company’s 50-day moving average is $115.94 and its 200-day moving average is $112.32. Pepsico, Inc. has a 1-year low of $98.50 and a 1-year high of $118.24. The company has a market capitalization of $166.03 billion, a PE ratio of 24.67 and a beta of 0.67.
Pepsico (NYSE:PEP) last released its quarterly earnings results on Tuesday, July 11th. The company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.10. The business had revenue of $15.71 billion for the quarter, compared to the consensus estimate of $15.57 billion. Pepsico had a net margin of 10.77% and a return on equity of 59.74%. Pepsico’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.35 EPS. Equities research analysts expect that Pepsico, Inc. will post $5.16 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be issued a $0.805 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $3.22 annualized dividend and a yield of 2.76%. Pepsico’s dividend payout ratio (DPR) is presently 68.22%.
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A number of analysts have recently commented on PEP shares. Zacks Investment Research downgraded Pepsico from a “hold” rating to a “sell” rating in a report on Tuesday, April 18th. BMO Capital Markets restated a “buy” rating and set a $115.00 price objective on shares of Pepsico in a report on Thursday, April 27th. Jefferies Group LLC restated a “buy” rating and set a $127.00 price objective on shares of Pepsico in a report on Friday, May 19th. Susquehanna Bancshares Inc upgraded Pepsico from a “neutral” rating to a “positive” rating and upped their price objective for the stock from $118.00 to $132.00 in a report on Wednesday, April 12th. Finally, Vetr upgraded Pepsico from a “buy” rating to a “strong-buy” rating and set a $125.54 price objective for the company in a report on Wednesday, May 3rd. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $123.04.
In related news, EVP Mehmood Khan sold 63,396 shares of Pepsico stock in a transaction on Monday, July 24th. The shares were sold at an average price of $116.39, for a total value of $7,378,660.44. Following the transaction, the executive vice president now owns 174,273 shares in the company, valued at approximately $20,283,634.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Indra K. Nooyi sold 340,449 shares of Pepsico stock in a transaction on Monday, July 24th. The stock was sold at an average price of $116.42, for a total transaction of $39,635,072.58. Following the completion of the transaction, the chief executive officer now owns 733,315 shares in the company, valued at approximately $85,372,532.30. The disclosure for this sale can be found here. Insiders sold a total of 856,675 shares of company stock worth $99,741,258 in the last quarter. Insiders own 0.26% of the company’s stock.
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).
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