Diversified Trust Co lowered its position in shares of Pepsico, Inc. (NYSE:PEP) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,468 shares of the company’s stock after selling 71 shares during the period. Diversified Trust Co’s holdings in Pepsico were worth $747,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Asset Planning Services Ltd. increased its position in Pepsico by 66.1% in the first quarter. Asset Planning Services Ltd. now owns 1,003 shares of the company’s stock worth $112,000 after buying an additional 399 shares during the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new position in Pepsico during the fourth quarter worth about $125,000. Riggs Asset Managment Co. Inc. increased its position in Pepsico by 14.9% in the first quarter. Riggs Asset Managment Co. Inc. now owns 1,270 shares of the company’s stock worth $142,000 after buying an additional 165 shares during the last quarter. Israel Discount Bank of New York GFN acquired a new position in Pepsico during the fourth quarter worth about $150,000. Finally, Leith Wheeler Investment Counsel Ltd. acquired a new position in Pepsico during the first quarter worth about $157,000. Hedge funds and other institutional investors own 70.52% of the company’s stock.

Pepsico, Inc. (NYSE:PEP) traded up 0.43% during trading on Monday, reaching $116.87. 735,519 shares of the company’s stock traded hands. The company has a market capitalization of $166.60 billion, a price-to-earnings ratio of 24.75 and a beta of 0.67. The firm’s 50 day moving average is $116.01 and its 200-day moving average is $112.24. Pepsico, Inc. has a 12 month low of $98.50 and a 12 month high of $118.24.

Pepsico (NYSE:PEP) last issued its earnings results on Tuesday, July 11th. The company reported $1.50 EPS for the quarter, beating the Thomson Reuters’ 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 company had revenue of $15.71 billion for the quarter, compared to the consensus estimate of $15.57 billion. During the same quarter in the previous year, the company earned $1.35 EPS. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. Analysts expect that Pepsico, Inc. will post $5.16 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be paid a $0.805 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.22 annualized dividend and a dividend yield of 2.77%. Pepsico’s dividend payout ratio is presently 68.22%.

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A number of research analysts have recently issued reports on PEP shares. UBS AG upgraded shares of Pepsico from a “neutral” rating to a “positive” rating in a research report on Wednesday, April 12th. Susquehanna Bancshares Inc upgraded shares of Pepsico from a “neutral” rating to a “positive” rating and raised their price target for the stock from $118.00 to $132.00 in a research report on Wednesday, April 12th. Zacks Investment Research downgraded shares of Pepsico from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Jefferies Group LLC raised their price target on shares of Pepsico from $120.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, April 19th. Finally, Royal Bank Of Canada set a $115.00 price target on shares of Pepsico and gave the stock a “hold” rating in a research report on Monday, April 24th. Six equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $123.04.

In other news, Chairman Indra K. Nooyi sold 452,830 shares of the business’s 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 sale, the chairman now owns 733,315 shares in the company, valued at approximately $85,387,198.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mehmood Khan sold 63,396 shares of the business’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $116.39, for a total transaction of $7,378,660.44. Following the completion of the sale, 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 sold a total of 856,675 shares of company stock worth $99,741,258 in the last 90 days. 0.26% of the stock is owned by corporate insiders.

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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Institutional Ownership by Quarter for Pepsico (NYSE:PEP)

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