McQueen Ball & Associates Inc. grew its position in Pepsico, Inc. (NYSE:PEP) by 0.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,589 shares of the company’s stock after purchasing an additional 114 shares during the period. Pepsico comprises about 1.6% of McQueen Ball & Associates Inc.’s portfolio, making the stock its 16th largest position. McQueen Ball & Associates Inc.’s holdings in Pepsico were worth $2,378,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. raised its holdings 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 purchasing an additional 280,480 shares during the last quarter. Bank of Montreal Can raised its holdings 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 purchasing an additional 827,376 shares during the last quarter. Fisher Asset Management LLC raised its holdings 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 purchasing an additional 50,154 shares during the last quarter. Pioneer Investment Management Inc. raised its holdings 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 purchasing an additional 733,294 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of Pepsico by 14.6% in the first quarter. Russell Investments Group Ltd. now owns 3,881,793 shares of the company’s stock valued at $434,310,000 after purchasing an additional 495,542 shares during the last quarter. Institutional investors own 70.16% of the company’s stock.

Several brokerages have recently commented on PEP. BidaskClub upgraded shares of Pepsico from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Zacks Investment Research upgraded shares of Pepsico from a “hold” rating to a “buy” rating and set a $132.00 target price for the company in a report on Tuesday, August 22nd. Stifel Nicolaus reiterated a “hold” rating on shares of Pepsico in a report on Wednesday, May 31st. BMO Capital Markets downgraded shares of Pepsico from an “outperform” rating to a “market perform” rating and increased their target price for the company from $118.00 to $120.00 in a report on Wednesday, June 7th. They noted that the move was a valuation call. Finally, Credit Suisse Group downgraded shares of Pepsico from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $126.00 to $124.00 in a report on Friday, September 8th. Six analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $123.32.

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In other news, 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 transaction of $52,727,525.20. Following the completion of the sale, the chairman now owns 733,315 shares of the company’s stock, valued at approximately $85,387,198.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mehmood Khan sold 63,396 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 174,273 shares of the company’s stock, valued at approximately $20,283,634.47. The disclosure for this sale can be found here. Insiders have sold a total of 898,164 shares of company stock valued at $104,585,929 in the last ninety days. Insiders own 0.26% of the company’s stock.

Pepsico, Inc. (PEP) traded down 0.494% during trading on Thursday, hitting $113.885. 1,146,085 shares of the stock traded hands. The firm has a 50-day moving average price of $116.63 and a 200 day moving average price of $114.53. Pepsico, Inc. has a 52-week low of $98.50 and a 52-week high of $119.39. The company has a market cap of $162.34 billion, a P/E ratio of 24.118 and a beta of 0.68. Pepsico also was the recipient of some unusual options trading activity on Wednesday. Stock traders bought 1,176 call options on the stock. This is an increase of approximately 536% compared to the average daily volume of 185 call options.

Pepsico (NYSE:PEP) last released its quarterly 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 firm had revenue of $15.71 billion during the quarter, compared to analyst estimates of $15.57 billion. During the same quarter in the prior year, the firm earned $1.35 EPS. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, equities analysts expect that Pepsico, Inc. will post $5.16 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders 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 dividend yield of 2.81%. The ex-dividend date of this dividend is Wednesday, August 30th. Pepsico’s payout ratio is currently 68.22%.

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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