Pensionfund DSM Netherlands Invests $6.70 Million in Pepsico, Inc. (PEP) Stock
Pensionfund DSM Netherlands bought a new stake in Pepsico, Inc. (NYSE:PEP) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 58,000 shares of the company’s stock, valued at approximately $6,698,000. Pepsico comprises 1.0% of Pensionfund DSM Netherlands’ portfolio, making the stock its 16th largest position.
A number of other hedge funds also recently made changes to their positions in PEP. CHURCHILL MANAGEMENT Corp bought a new position in shares of Pepsico during the 1st quarter worth approximately $241,000. Raymond James Trust N.A. boosted its holdings in shares of Pepsico by 0.8% during the 1st quarter. Raymond James Trust N.A. now owns 106,647 shares of the company’s stock worth $11,930,000 after buying an additional 849 shares in the last quarter. Nadler Financial Group Inc. boosted its holdings in shares of Pepsico by 0.5% during the 1st quarter. Nadler Financial Group Inc. now owns 6,354 shares of the company’s stock worth $711,000 after buying an additional 34 shares in the last quarter. S&CO Inc. boosted its holdings in shares of Pepsico by 4.8% during the 1st quarter. S&CO Inc. now owns 121,276 shares of the company’s stock worth $13,566,000 after buying an additional 5,600 shares in the last quarter. Finally, Burke & Herbert Bank & Trust Co. boosted its holdings in shares of Pepsico by 10.2% during the 1st quarter. Burke & Herbert Bank & Trust Co. now owns 16,202 shares of the company’s stock worth $1,812,000 after buying an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 70.16% of the company’s stock.
Pepsico, Inc. (NYSE:PEP) traded down 0.54% on Thursday, hitting $113.83. The stock had a trading volume of 1,075,684 shares. The firm has a 50-day moving average of $116.63 and a 200 day moving average of $114.53. The company has a market capitalization of $162.27 billion, a price-to-earnings ratio of 24.11 and a beta of 0.68. Pepsico, Inc. has a 52 week low of $98.50 and a 52 week high of $119.39. Pepsico also saw some unusual options trading on Wednesday. Traders bought 1,176 call options on the company. This represents an increase of approximately 536% compared to the typical volume of 185 call options.
Pepsico (NYSE:PEP) last posted its quarterly earnings data on Tuesday, July 11th. The company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.10. The company had revenue of $15.71 billion during the quarter, compared to analysts’ expectations of $15.57 billion. Pepsico had a return on equity of 59.74% and a net margin of 10.77%. Pepsico’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.35 earnings per share. On average, analysts predict that Pepsico, Inc. will post $5.16 earnings per share for the current 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 given a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Wednesday, August 30th. Pepsico’s dividend payout ratio (DPR) is presently 68.22%.
PEP has been the topic of a number of research analyst reports. Jefferies Group LLC restated a “buy” rating and set a $127.00 price target on shares of Pepsico in a report on Friday, May 19th. Royal Bank Of Canada restated a “hold” rating and set a $115.00 price target on shares of Pepsico in a report on Thursday, May 25th. Stifel Nicolaus restated a “hold” rating on shares of Pepsico in a report on Wednesday, May 31st. BMO Capital Markets cut Pepsico from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $118.00 to $120.00 in a report on Wednesday, June 7th. They noted that the move was a valuation call. Finally, BidaskClub cut Pepsico from a “buy” rating to a “hold” rating in a report on Saturday, July 1st. Six equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Pepsico currently has an average rating of “Buy” and an average target price of $123.32.
In other Pepsico news, SVP Marie T. Gallagher sold 41,489 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $116.77, for a total transaction of $4,844,670.53. Following the completion of the sale, the senior vice president now owns 76,037 shares of the company’s stock, valued at $8,878,840.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, the chairman now directly owns 733,315 shares of the company’s stock, valued at approximately $85,387,198.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 898,164 shares of company stock valued at $104,585,929. 0.26% of the stock is owned by company insiders.
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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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