Hengehold Capital Management LLC Has $399,000 Stake in Pepsico, Inc. (PEP)
Hengehold Capital Management LLC continued to hold its position in Pepsico, Inc. (NYSE:PEP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,457 shares of the company’s stock at the end of the second quarter. Hengehold Capital Management LLC’s holdings in Pepsico were worth $399,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of PEP. Intellectus Partners LLC purchased a new position in Pepsico during the fourth quarter worth about $503,000. Moloney Securities Asset Management LLC purchased a new position in Pepsico during the fourth quarter worth about $626,000. Glassman Wealth Services increased its position in Pepsico by 52.6% in the fourth quarter. Glassman Wealth Services now owns 7,205 shares of the company’s stock worth $754,000 after buying an additional 2,485 shares during the period. Quest Investment Management Inc. OR increased its position in Pepsico by 5.8% in the fourth quarter. Quest Investment Management Inc. OR now owns 141,538 shares of the company’s stock worth $14,809,000 after buying an additional 7,739 shares during the period. Finally, SRS Capital Advisors Inc. purchased a new position in Pepsico during the fourth quarter worth about $282,000. Institutional investors and hedge funds own 70.52% of the company’s stock.
Pepsico, Inc. (NYSE:PEP) traded up 0.27% during midday trading on Friday, hitting $116.70. The company had a trading volume of 914,899 shares. The stock has a 50 day moving average price of $115.86 and a 200-day moving average price of $112.72. Pepsico, Inc. has a 52 week low of $98.50 and a 52 week high of $118.24. The stock has a market capitalization of $166.36 billion, a PE ratio of 24.71 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 Thomson Reuters’ consensus estimate of $1.40 by $0.10. Pepsico had a return on equity of 59.74% and a net margin of 10.77%. The company had revenue of $15.71 billion for the quarter, compared to analyst estimates of $15.57 billion. During the same period in the prior year, the company posted $1.35 EPS. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities analysts predict that Pepsico, Inc. will post $5.16 EPS 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. This represents a $3.22 annualized dividend and a yield of 2.77%. The ex-dividend date is Wednesday, August 30th. Pepsico’s dividend payout ratio is currently 68.22%.
A number of equities analysts have issued reports on PEP shares. Zacks Investment Research downgraded Pepsico from a “hold” rating to a “sell” rating in a report on Tuesday, April 18th. Jefferies Group LLC increased their price objective on Pepsico from $120.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, April 19th. Royal Bank Of Canada set a $115.00 price objective on Pepsico and gave the stock a “hold” rating in a report on Monday, April 24th. Vetr upgraded Pepsico from a “hold” rating to a “buy” rating and set a $125.54 price objective for the company in a report on Wednesday, April 26th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $115.00 price objective on shares of Pepsico in a report on Thursday, April 27th. Six research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $123.40.
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 transaction, the executive vice president now directly owns 174,273 shares of the company’s stock, valued at approximately $20,283,634.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Indra K. Nooyi sold 340,449 shares of the company’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $116.42, for a total value of $39,635,072.58. Following the transaction, the chief executive officer now directly owns 733,315 shares in the company, valued at $85,372,532.30. The disclosure for this sale can be found here. Insiders have sold a total of 898,164 shares of company stock worth $104,585,929 over the last ninety days. 0.26% of the stock is currently owned by corporate insiders.
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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