Stone Run Capital LLC Has $224,000 Stake in Pepsico, Inc. (NYSE:PEP)
Stone Run Capital LLC continued to hold its position in Pepsico, Inc. (NYSE:PEP) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,000 shares of the company’s stock at the end of the first quarter. Stone Run Capital LLC’s holdings in Pepsico were worth $224,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PEP. Ancora Advisors LLC boosted its stake in shares of Pepsico by 111.7% in the fourth quarter. Ancora Advisors LLC now owns 76,867 shares of the company’s stock valued at $8,043,000 after buying an additional 40,562 shares during the last quarter. Seven Eight Capital LP acquired a new stake in shares of Pepsico during the fourth quarter valued at approximately $1,151,000. Hilltop Holdings Inc. boosted its stake in shares of Pepsico by 1.7% in the fourth quarter. Hilltop Holdings Inc. now owns 10,892 shares of the company’s stock valued at $1,140,000 after buying an additional 185 shares during the last quarter. Sciencast Management LP acquired a new stake in shares of Pepsico during the fourth quarter valued at approximately $435,000. Finally, STA Wealth Management LLC boosted its stake in shares of Pepsico by 1.2% in the fourth quarter. STA Wealth Management LLC now owns 4,694 shares of the company’s stock valued at $491,000 after buying an additional 57 shares during the last quarter. Hedge funds and other institutional investors own 70.52% of the company’s stock.
Pepsico, Inc. (NYSE PEP) traded down 0.36% during trading on Thursday, reaching $116.21. The company’s stock had a trading volume of 288,152 shares. Pepsico, Inc. has a 52-week low of $98.50 and a 52-week high of $118.24. The stock has a market cap of $165.66 billion, a price-to-earnings ratio of 24.61 and a beta of 0.67. The firm has a 50 day moving average price of $115.89 and a 200-day moving average price of $112.69.
Pepsico (NYSE:PEP) last released its quarterly earnings results on Tuesday, July 11th. The company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.10. Pepsico had a return on equity of 59.74% and a net margin of 10.77%. The firm had revenue of $15.71 billion for the quarter, compared to analyst estimates of $15.57 billion. During the same quarter in the previous year, the company posted $1.35 EPS. The business’s revenue was up 2.0% on a year-over-year basis. On average, analysts expect that Pepsico, Inc. will post $5.16 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be given a dividend of $0.805 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.22 annualized dividend and a dividend yield of 2.76%. Pepsico’s payout ratio is 68.22%.
Several analysts have recently commented on the company. UBS AG upgraded Pepsico from a “neutral” rating to a “positive” rating in a report on Wednesday, April 12th. Zacks Investment Research cut Pepsico from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Vetr upgraded Pepsico from a “hold” rating to a “buy” rating and set a $125.54 target price on the stock in a report on Wednesday, April 26th. BidaskClub cut Pepsico from a “buy” rating to a “hold” rating in a report on Saturday, July 1st. Finally, Royal Bank Of Canada restated a “hold” rating and set a $115.00 target price on shares of Pepsico in a report on Thursday, May 25th. Six equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $123.04.
In related news, EVP Mehmood Khan sold 63,396 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 174,273 shares in the company, valued at approximately $20,283,634.47. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Indra K. Nooyi sold 452,830 shares of the company’s stock in a transaction dated 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 898,164 shares of company stock worth $104,585,929. 0.26% of the stock is owned by corporate insiders.
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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