Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Pepsico, Inc. (NYSE:PEP) by 2.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 275,285 shares of the company’s stock after buying an additional 5,628 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Pepsico were worth $30,793,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the stock. Shelton Capital Management increased its position in Pepsico by 48.3% in the fourth quarter. Shelton Capital Management now owns 30,470 shares of the company’s stock worth $3,188,000 after buying an additional 9,930 shares during the period. Lumina Fund Management LLC bought a new position in Pepsico during the fourth quarter worth $6,278,000. First Allied Advisory Services Inc. increased its position in Pepsico by 0.4% in the fourth quarter. First Allied Advisory Services Inc. now owns 79,598 shares of the company’s stock worth $8,328,000 after buying an additional 313 shares during the period. Meridian Wealth Management LLC bought a new position in Pepsico during the fourth quarter worth $628,000. Finally, Smith Shellnut Wilson LLC ADV bought a new position in Pepsico during the fourth quarter worth $4,273,000. Institutional investors own 70.19% of the company’s stock.
Pepsico, Inc. (NYSE:PEP) opened at 117.84 on Tuesday. The firm has a market capitalization of $167.98 billion, a price-to-earnings ratio of 24.96 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 stock’s 50 day moving average is $115.89 and its 200 day moving average is $113.03.
Pepsico (NYSE:PEP) last posted its earnings results on Tuesday, July 11th. The company reported $1.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.10. The business had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $15.57 billion. Pepsico had a net margin of 10.77% and a return on equity of 59.74%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.35 EPS. Analysts predict that Pepsico, Inc. will post $5.16 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.805 per share. This represents a $3.22 annualized dividend and a yield of 2.73%. The ex-dividend date is Wednesday, August 30th. Pepsico’s dividend payout ratio is currently 68.22%.
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Several equities analysts have commented on PEP shares. Zacks Investment Research downgraded Pepsico from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Jefferies Group LLC increased their target price on shares of Pepsico from $120.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, April 19th. Royal Bank Of Canada set a $115.00 target price on shares of Pepsico and gave the company a “hold” rating in a research note on Monday, April 24th. Vetr upgraded shares of Pepsico from a “hold” rating to a “buy” rating and set a $125.54 target price for the company in a research note on Wednesday, April 26th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $115.00 target price on shares of Pepsico in a research note on Thursday, April 27th. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $123.40.
In other Pepsico news, SVP Marie T. Gallagher sold 41,489 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president now owns 76,037 shares in the company, valued at approximately $8,878,840.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mehmood Khan sold 63,396 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $116.39, for a total transaction of $7,378,660.44. Following the completion of the transaction, the executive vice president now owns 174,273 shares in the company, valued at approximately $20,283,634.47. The disclosure for this sale can be found here. Insiders have sold a total of 898,164 shares of company stock worth $104,585,929 in the last 90 days. Company 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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