Augustine Asset Management Inc. continued to hold its position in shares of Pepsico, Inc. (NYSE:PEP) during the second quarter, Holdings Channel reports. The institutional investor owned 1,900 shares of the company’s stock at the end of the second quarter. Augustine Asset Management Inc.’s holdings in Pepsico were worth $219,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Leith Wheeler Investment Counsel Ltd. acquired a new position in shares of Pepsico during the first quarter worth about $157,000. Cigna Investments Inc. New acquired a new position in shares of Pepsico during the fourth quarter worth about $7,843,000. Norges Bank acquired a new position in shares of Pepsico during the fourth quarter worth about $1,492,411,000. AE Wealth Management LLC acquired a new position in shares of Pepsico during the fourth quarter worth about $544,000. Finally, National Pension Service increased its position in shares of 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 in the last quarter. Institutional investors own 70.52% of the company’s stock.
Pepsico, Inc. (NYSE PEP) traded up 0.293% during mid-day trading on Friday, hitting $116.721. The company had a trading volume of 895,631 shares. The firm has a market capitalization of $166.39 billion, a PE ratio of 24.719 and a beta of 0.67. Pepsico, Inc. has a 1-year low of $98.50 and a 1-year high of $118.24. The company has a 50 day moving average of $115.86 and a 200 day moving average of $112.72.
Pepsico (NYSE:PEP) last announced its quarterly earnings data 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 firm had revenue of $15.71 billion for the quarter, compared to analyst estimates of $15.57 billion. Pepsico had a net margin of 10.77% and a return on equity of 59.74%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.35 earnings per share. Analysts predict that Pepsico, Inc. will post $5.16 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Wednesday, August 30th. Pepsico’s dividend payout ratio (DPR) is presently 68.22%.
ILLEGAL ACTIVITY NOTICE: “Pepsico, Inc. (NYSE:PEP) Stake Held by Augustine Asset Management Inc.” was originally published by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this piece on another publication, it was copied illegally and republished in violation of US and international trademark & copyright legislation. The original version of this piece can be read at https://stocknewstimes.com/2017/08/11/pepsico-inc-nysepep-stake-held-by-augustine-asset-management-inc.html.
A number of research analysts recently issued reports on PEP shares. Zacks Investment Research downgraded Pepsico from a “hold” rating to a “sell” rating in a report on Tuesday, April 18th. Jefferies Group LLC restated a “buy” rating and set a $130.00 price target (up previously from $127.00) on shares of Pepsico in a report on Thursday, July 6th. Vetr upgraded Pepsico from a “hold” rating to a “buy” rating and set a $125.54 price target on the stock in a report on Wednesday, April 26th. Credit Suisse Group restated a “buy” rating on shares of Pepsico in a report on Thursday, April 27th. Finally, BMO Capital Markets restated a “buy” rating and set a $115.00 price target on shares of Pepsico in a report on Thursday, April 27th. Six investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $123.40.
In other news, SVP Marie T. Gallagher sold 41,489 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $116.77, for a total transaction of $4,844,670.53. Following the sale, the senior vice president now directly owns 76,037 shares of the company’s stock, valued at $8,878,840.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Indra K. Nooyi sold 452,830 shares of the business’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $116.44, for a total transaction of $52,727,525.20. Following the sale, the chairman now directly owns 733,315 shares in the company, valued at $85,387,198.60. The disclosure for this sale can be found here. Insiders have sold 898,164 shares of company stock worth $104,585,929 over the last three months. Corporate 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).
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. (NYSE:PEP).
Receive News & Ratings for Pepsico Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pepsico Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
