First Trust Advisors LP Has $40,342,000 Position in PepsiCo Inc. (PEP)
First Trust Advisors LP cut its stake in shares of PepsiCo Inc. (NYSE:PEP) by 33.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 380,798 shares of the company’s stock after selling 187,789 shares during the period. First Trust Advisors LP’s holdings in PepsiCo were worth $40,342,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently 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 valued at $2,055,547,000 after buying an additional 543,183 shares during the period. Credit Agricole S A raised its position 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 valued at $217,235,000 after buying an additional 80,183 shares in the last quarter. AMP Capital Investors Ltd raised its position 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 valued at $98,191,000 after buying an additional 70,410 shares in the last quarter. BlackRock Japan Co. Ltd raised its position 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 valued at $196,042,000 after buying an additional 78,848 shares in the last quarter. Finally, Svenska Handelsbanken AB publ raised its position in shares of PepsiCo by 5,341.9% in the second quarter. Svenska Handelsbanken AB publ now owns 815,737 shares of the company’s stock valued at $86,419,000 after buying an additional 800,747 shares in the last quarter. 69.81% of the stock is owned by institutional investors and hedge funds.
Shares of PepsiCo Inc. (NYSE:PEP) traded down 0.39% on Friday, reaching $105.99. 4,398,433 shares of the company’s stock traded hands. The stock has a market capitalization of $152.01 billion, a PE ratio of 23.25 and a beta of 0.46. PepsiCo Inc. has a 52 week low of $93.25 and a 52 week high of $110.94. The company has a 50 day moving average of $106.96 and a 200-day moving average of $105.32.
PepsiCo (NYSE:PEP) last released its quarterly earnings data on Thursday, September 29th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.08. PepsiCo had a net margin of 10.74% and a return on equity of 56.16%. The company earned $16 billion during the quarter. During the same quarter in the prior year, the firm earned $1.35 earnings per share. PepsiCo’s quarterly revenue was down 1.9% compared to the same quarter last year. Equities research analysts forecast that PepsiCo Inc. will post $4.79 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 2nd were given a dividend of $0.7525 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $3.01 dividend on an annualized basis and a dividend yield of 2.84%. PepsiCo’s payout ratio is currently 66.01%.
Several equities analysts have recently commented on the stock. BMO Capital Markets restated an “outperform” rating on shares of PepsiCo in a report on Friday, July 15th. Zacks Investment Research lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. Vetr lowered shares of PepsiCo from a “hold” rating to a “sell” rating and set a $99.50 price objective on the stock. in a report on Wednesday, June 29th. Bank of America Corp. restated a “buy” rating and issued a $120.00 price objective on shares of PepsiCo in a report on Friday, September 30th. Finally, Argus upped their price objective on shares of PepsiCo from $116.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, July 13th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. PepsiCo presently has a consensus rating of “Buy” and a consensus target price of $113.68.
In other news, EVP Mehmood Khan sold 51,137 shares of the business’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $107.30, for a total transaction of $5,487,000.10. Following the transaction, the executive vice president now directly owns 164,464 shares of the company’s stock, valued at $17,646,987.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Laxman Narasimhan sold 3,219 shares of the business’s stock in a transaction on Wednesday, July 13th. The stock was sold at an average price of $109.11, for a total transaction of $351,225.09. Following the transaction, the chief executive officer now directly owns 97,057 shares in the company, valued at $10,589,889.27. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.
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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