Marshall & Sullivan Inc. WA Has $3.42 Million Stake in Pepsico, Inc. (PEP)
Marshall & Sullivan Inc. WA increased its stake in Pepsico, Inc. (NYSE:PEP) by 3.7% during the first quarter, Holdings Channel reports. The institutional investor owned 30,032 shares of the company’s stock after buying an additional 1,081 shares during the period. Pepsico comprises 3.0% of Marshall & Sullivan Inc. WA’s investment portfolio, making the stock its 14th largest position. Marshall & Sullivan Inc. WA’s holdings in Pepsico were worth $3,422,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in PEP. Norges Bank bought a new stake in shares of Pepsico during the fourth quarter valued at $1,492,411,000. Schwab Charles Investment Management Inc. increased its stake in shares of Pepsico by 3.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 7,543,614 shares of the company’s stock valued at $843,829,000 after buying an additional 280,480 shares in the last quarter. Bank of Montreal Can raised its stake in Pepsico by 16.6% in the first quarter. Bank of Montreal Can now owns 5,812,519 shares of the company’s stock valued at $650,189,000 after buying an additional 827,376 shares during the last quarter. Fisher Asset Management LLC raised its stake in Pepsico by 0.9% in the first quarter. Fisher Asset Management LLC now owns 5,497,671 shares of the company’s stock valued at $614,970,000 after buying an additional 50,154 shares during the last quarter. Finally, Pioneer Investment Management Inc. raised its stake in Pepsico by 19.9% in the first quarter. Pioneer Investment Management Inc. now owns 4,414,828 shares of the company’s stock valued at $493,842,000 after buying an additional 733,294 shares during the last quarter. 70.52% of the stock is currently owned by institutional investors.
Pepsico, Inc. (NYSE PEP) traded up 0.11% on Friday, reaching $116.51. 2,759,739 shares of the company’s stock were exchanged. The company has a market cap of $166.09 billion, a P/E ratio of 24.67 and a beta of 0.67. The firm has a 50 day moving average of $115.87 and a 200-day moving average of $112.81. Pepsico, Inc. has a 12-month low of $98.50 and a 12-month high of $118.24.
Pepsico (NYSE:PEP) last announced its quarterly earnings data 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. The business had revenue of $15.71 billion for the quarter, compared to the consensus estimate of $15.57 billion. Pepsico had a net margin of 10.77% and a return on equity of 59.74%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.35 earnings per share. Equities analysts expect that Pepsico, Inc. will post $5.16 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors 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 2.76%. The ex-dividend date of this dividend is Wednesday, August 30th. Pepsico’s payout ratio is 68.22%.
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Several equities research analysts have recently issued reports on PEP shares. Zacks Investment Research lowered shares of Pepsico from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. BMO Capital Markets reissued a “buy” rating and set a $115.00 target price on shares of Pepsico in a research note on Thursday, April 27th. Jefferies Group LLC reissued a “buy” rating and set a $127.00 target price on shares of Pepsico in a research note on Friday, May 19th. Vetr raised shares of Pepsico from a “buy” rating to a “strong-buy” rating and set a $125.54 target price on the stock in a research note on Wednesday, May 3rd. Finally, Susquehanna Bancshares Inc reissued a “positive” rating and set a $134.00 target price (up from $132.00) on shares of Pepsico in a research note on Monday, May 1st. Six equities 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 stock. Pepsico has an average rating of “Buy” and an average price target of $123.40.
In other Pepsico news, Chairman Indra K. Nooyi sold 452,830 shares of the stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $116.44, for a total transaction of $52,727,525.20. Following the transaction, the chairman now owns 733,315 shares of the company’s stock, valued at $85,387,198.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Indra K. Nooyi sold 340,449 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $116.42, for a total transaction of $39,635,072.58. Following the transaction, the chief executive officer now directly owns 733,315 shares in the company, valued at approximately $85,372,532.30. The disclosure for this sale can be found here. Insiders have sold 898,164 shares of company stock worth $104,585,929 in 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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