united american securities inc. d b a uas asset management reduced its position in shares of Pepsico, Inc. (NYSE:PEP) by 3.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 134,945 shares of the company’s stock after selling 5,425 shares during the period. Pepsico makes up about 8.7% of united american securities inc. d b a uas asset management’s holdings, making the stock its 3rd largest position. united american securities inc. d b a uas asset management’s holdings in Pepsico were worth $15,095,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of PEP. Norges Bank bought a new position in shares of Pepsico during the fourth quarter valued at approximately $1,492,411,000. Schwab Charles Investment Management Inc. boosted its position 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 during the last quarter. Bank of Montreal Can boosted its position 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 valued at $650,189,000 after buying an additional 827,376 shares during the last quarter. Fisher Asset Management LLC boosted its position in shares of 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. boosted its position in shares of 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 owned by institutional investors.

Pepsico, Inc. (PEP) traded up 0.11% during midday trading on Friday, reaching $116.51. 2,759,739 shares of the company traded hands. Pepsico, Inc. has a 12 month low of $98.50 and a 12 month high of $118.24. The firm’s 50 day moving average price is $115.87 and its 200 day moving average price is $112.81. The firm has a market capitalization of $166.09 billion, a price-to-earnings ratio of 24.67 and a beta of 0.67.

Pepsico (NYSE:PEP) last released its quarterly earnings results on Tuesday, July 11th. The company reported $1.50 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $15.71 billion for the quarter, compared to analyst estimates of $15.57 billion. During the same period in the previous year, the business earned $1.35 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, analysts expect that Pepsico, Inc. will post $5.16 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be paid a $0.805 dividend. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Wednesday, August 30th. Pepsico’s dividend payout ratio is presently 68.22%.

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Several equities analysts have recently commented on PEP shares. Jefferies Group LLC increased 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. Credit Suisse Group reaffirmed a “buy” rating on shares of Pepsico in a research report on Thursday, April 27th. BMO Capital Markets reaffirmed a “buy” rating and set a $115.00 price target on shares of Pepsico in a research report on Thursday, April 27th. Vetr raised shares of Pepsico from a “hold” rating to a “buy” rating and set a $125.54 price target on the stock in a research report on Wednesday, April 26th. Finally, Zacks Investment Research raised shares of Pepsico from a “hold” rating to a “buy” rating and set a $129.00 price target on the stock in a research report on Friday, July 14th. 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 company. The company has a consensus 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 business’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 completion of 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 is available at this hyperlink. Also, EVP Mehmood Khan sold 63,396 shares of the business’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 completion of the transaction, the executive vice president now directly owns 174,273 shares of the company’s stock, valued at $20,283,634.47. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 898,164 shares of company stock valued at $104,585,929. 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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Institutional Ownership by Quarter for Pepsico (NYSE:PEP)

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