Delta Lloyd NV Decreases Position in Pepsico, Inc. (PEP)
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%.
TRADEMARK VIOLATION WARNING: “Delta Lloyd NV Decreases Position in Pepsico, Inc. (PEP)” was first published by Daily Political and is owned by of Daily Political. If you are reading this story on another website, it was illegally stolen and reposted in violation of US and international copyright legislation. The correct version of this story can be accessed at https://www.dailypolitical.com/2017/08/07/delta-lloyd-nv-decreases-position-in-pepsico-inc-pep.html.
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).
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.