Delta Lloyd NV decreased its stake in shares of Pepsico, Inc. (NYSE:PEP) by 0.8% during the first quarter, Holdings Channel reports. The firm owned 498,477 shares of the company’s stock after selling 3,883 shares during the period. Pepsico accounts for about 1.7% of Delta Lloyd NV’s investment portfolio, making the stock its 9th largest position. Delta Lloyd NV’s holdings in Pepsico were worth $56,467,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Pepsico during the fourth quarter valued at about $1,492,411,000. Fiera Capital Corp boosted its stake in shares of Pepsico by 217.7% in the fourth quarter. Fiera Capital Corp now owns 2,417,934 shares of the company’s stock worth $252,989,000 after buying an additional 1,656,939 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Pepsico by 92.5% in the first quarter. Canada Pension Plan Investment Board now owns 3,317,230 shares of the company’s stock worth $371,065,000 after buying an additional 1,593,550 shares in the last quarter. Karp Capital Management Corp acquired a new stake in shares of Pepsico during the first quarter worth about $112,080,000. Finally, Bank of Montreal Can boosted its stake in shares of Pepsico by 16.6% in the first quarter. Bank of Montreal Can now owns 5,812,519 shares of the company’s stock worth $650,189,000 after buying an additional 827,376 shares in the last quarter. 70.52% of the stock is currently owned by institutional investors.

Pepsico, Inc. (NYSE PEP) opened at 116.37 on Monday. Pepsico, Inc. has a 12 month low of $98.50 and a 12 month high of $118.24. The stock has a 50 day moving average of $116.01 and a 200 day moving average of $112.24. The firm has a market capitalization of $165.89 billion, a PE ratio of 24.64 and a beta of 0.67.

Pepsico (NYSE:PEP) last announced its earnings results on Tuesday, July 11th. The company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.10. Pepsico had a net margin of 10.77% and a return on equity of 59.74%. The business had revenue of $15.71 billion during the quarter, compared to analyst estimates of $15.57 billion. During the same period in the previous year, the business posted $1.35 earnings per share. Pepsico’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, equities analysts predict that Pepsico, Inc. will post $5.16 earnings per share for the current fiscal year.

The firm also recently declared 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 dividend yield of 2.77%. The ex-dividend date of this dividend is Wednesday, August 30th. Pepsico’s dividend payout ratio (DPR) is presently 68.22%.

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A number of brokerages recently issued reports on PEP. Stifel Nicolaus reiterated a “hold” rating on shares of Pepsico in a report on Wednesday, May 31st. BMO Capital Markets cut shares of Pepsico from an “outperform” rating to a “market perform” rating and upped their price target for the company from $118.00 to $120.00 in a report on Wednesday, June 7th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Pepsico from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Royal Bank Of Canada reaffirmed a “hold” rating and set a $115.00 price objective on shares of Pepsico in a research report on Thursday, May 25th. Finally, BidaskClub lowered shares of Pepsico from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. Six analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Pepsico has a consensus rating of “Buy” and an average target price of $123.04.

In related news, Chairman Indra K. Nooyi sold 452,830 shares of Pepsico stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $116.44, for a total value of $52,727,525.20. Following the transaction, the chairman now directly owns 733,315 shares of the company’s stock, valued at $85,387,198.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mehmood Khan sold 63,396 shares of Pepsico stock in a transaction 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 directly owns 174,273 shares in the company, valued at $20,283,634.47. The disclosure for this sale can be found here. Insiders have sold 856,675 shares of company stock worth $99,741,258 over the last three months. Insiders own 0.26% of the company’s stock.

Pepsico Company Profile

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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Institutional Ownership by Quarter for Pepsico (NYSE:PEP)

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