PepsiCo Inc. (PEP) is KBC Group NV’s 4th Largest Position
KBC Group NV raised its position in shares of PepsiCo Inc. (NYSE:PEP) by 31.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,034,763 shares of the company’s stock after buying an additional 248,750 shares during the period. PepsiCo comprises 1.6% of KBC Group NV’s holdings, making the stock its 4th largest position. KBC Group NV owned about 0.07% of PepsiCo worth $109,624,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the stock. BlackRock Fund Advisors boosted its stake in PepsiCo by 2.8% in the first quarter. BlackRock Fund Advisors now owns 20,058,028 shares of the company’s stock worth $2,055,547,000 after buying an additional 543,183 shares during the period. Credit Agricole S A boosted its stake in shares of PepsiCo by 3.9% in the first quarter. Credit Agricole S A now owns 2,119,767 shares of the company’s stock worth $217,235,000 after buying an additional 80,183 shares during the last quarter. AMP Capital Investors Ltd boosted its stake in shares of PepsiCo by 7.9% in the first quarter. AMP Capital Investors Ltd now owns 956,160 shares of the company’s stock worth $98,191,000 after buying an additional 70,410 shares during the last quarter. BlackRock Japan Co. Ltd boosted its stake in shares of PepsiCo by 4.3% in the first quarter. BlackRock Japan Co. Ltd now owns 1,912,976 shares of the company’s stock worth $196,042,000 after buying an additional 78,848 shares during the last quarter. Finally, Exxonmobil Investment Management Inc. TX boosted its stake in shares of PepsiCo by 6.2% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 373,888 shares of the company’s stock worth $39,610,000 after buying an additional 21,965 shares during the last quarter. Hedge funds and other institutional investors own 70.08% of the company’s stock.
Shares of PepsiCo Inc. (NYSE:PEP) traded up 0.60% during midday trading on Tuesday, reaching $106.30. 3,561,663 shares of the company’s stock traded hands. The stock has a market cap of $152.98 billion, a price-to-earnings ratio of 30.04 and a beta of 0.48. The stock has a 50 day moving average of $107.46 and a 200-day moving average of $104.72. PepsiCo Inc. has a 52-week low of $91.45 and a 52-week high of $110.94.
PepsiCo (NYSE:PEP) last issued its quarterly earnings results on Thursday, July 7th. The company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.05. The company earned $15.40 billion during the quarter. PepsiCo had a net margin of 8.34% and a return on equity of 54.91%. PepsiCo’s revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.32 earnings per share. On average, equities research analysts expect that PepsiCo Inc. will post $4.76 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 2nd will be paid a $0.7525 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $3.01 annualized dividend and a dividend yield of 2.83%. PepsiCo’s dividend payout ratio is presently 84.79%.
A number of analysts have recently weighed in on the stock. Vetr cut shares of PepsiCo from a “hold” rating to a “sell” rating and set a $99.50 price objective for the company. in a research note on Wednesday, June 29th. BMO Capital Markets restated an “outperform” rating on shares of PepsiCo in a research note on Friday, July 15th. Argus boosted their price objective on shares of PepsiCo from $116.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, July 13th. Zacks Investment Research upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $116.00 price objective for the company in a research note on Tuesday, June 21st. Finally, Jefferies Group restated a “buy” rating and issued a $124.00 price objective (up from $119.00) on shares of PepsiCo in a research note on Wednesday, July 6th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $110.96.
In related news, SVP Marie T. Gallagher sold 13,586 shares of the firm’s stock in a transaction on Monday, July 11th. The shares were sold at an average price of $109.01, for a total value of $1,481,009.86. Following the completion of the transaction, the senior vice president now directly owns 58,183 shares of the company’s stock, valued at $6,342,528.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Laxman Narasimhan sold 3,219 shares of the firm’s stock in a transaction on Wednesday, July 13th. The shares were sold at an average price of $109.11, for a total transaction of $351,225.09. Following the completion of the transaction, the chief executive officer now directly owns 97,057 shares of the company’s stock, valued at $10,589,889.27. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by corporate insiders.
PepsiCo Company Profile
PepsiCo, Inc is a food and beverage company. The Company, through its operations, bottlers, contract manufacturers and other third parties, is engaged in making, marketing, distributing and selling a range of beverages, foods and snacks, serving in over 200 countries and territories. The Company operates through six segments, namely, Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); North America Beverages (NAB); Latin America, which includes its beverage, food and snack businesses in Latin America; Europe Sub-Saharan Africa (ESSA), which includes its beverage, food and snack businesses in Europe and Sub-Saharan Africa, and Asia, Middle East and North Africa (AMENA), which includes its beverage, food and snack businesses in Asia, Middle East and North Africa.
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