Stillwater Investment Management LLC lowered its holdings in Pepsico, Inc. (NYSE:PEP) by 2.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,987 shares of the company’s stock after selling 379 shares during the quarter. Stillwater Investment Management LLC’s holdings in Pepsico were worth $1,846,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Gierl Augustine Investment Management Inc grew its holdings in Pepsico by 0.8% in the 1st quarter. Gierl Augustine Investment Management Inc now owns 1,846 shares of the company’s stock valued at $207,000 after buying an additional 14 shares during the last quarter. Willingdon Wealth Management grew its holdings in Pepsico by 0.3% in the 1st quarter. Willingdon Wealth Management now owns 6,381 shares of the company’s stock valued at $714,000 after buying an additional 16 shares during the last quarter. Univest Corp of Pennsylvania grew its holdings in Pepsico by 0.7% in the 1st quarter. Univest Corp of Pennsylvania now owns 2,350 shares of the company’s stock valued at $263,000 after buying an additional 17 shares during the last quarter. SRS Capital Advisors Inc. grew its holdings in Pepsico by 0.7% in the 1st quarter. SRS Capital Advisors Inc. now owns 2,710 shares of the company’s stock valued at $303,000 after buying an additional 20 shares during the last quarter. Finally, Alexandria Capital LLC grew its holdings in Pepsico by 0.5% in the 1st quarter. Alexandria Capital LLC now owns 4,160 shares of the company’s stock valued at $465,000 after buying an additional 21 shares during the last quarter. 70.16% of the stock is currently owned by hedge funds and other institutional investors.

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A number of analysts have issued reports on PEP shares. Zacks Investment Research lowered Pepsico from a “buy” rating to a “hold” rating in a report on Monday, August 28th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $127.00 target price on shares of Pepsico in a report on Friday, May 19th. Credit Suisse Group lowered Pepsico from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $126.00 to $124.00 in a report on Friday, September 8th. Cowen and Company reaffirmed an “outperform” rating and issued a $128.00 target price on shares of Pepsico in a report on Thursday, July 13th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of Pepsico in a report on Wednesday, July 12th. Six equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $123.44.

In related news, Chairman Indra K. Nooyi sold 452,830 shares of the stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $116.44, for a total transaction of $52,727,525.20. Following the sale, the chairman now owns 733,315 shares of the company’s stock, valued at $85,387,198.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Marie T. Gallagher sold 41,489 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $116.77, for a total value of $4,844,670.53. Following the sale, the senior vice president now directly owns 76,037 shares in the company, valued at approximately $8,878,840.49. 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. 0.26% of the stock is currently owned by company insiders.

Pepsico, Inc. (PEP) traded up 0.44% during trading on Friday, hitting $114.69. The company had a trading volume of 2,542,799 shares. The company has a market capitalization of $163.49 billion, a price-to-earnings ratio of 24.29 and a beta of 0.68. Pepsico, Inc. has a one year low of $98.50 and a one year high of $119.39. The stock has a 50-day moving average of $116.49 and a 200 day moving average of $114.52. Pepsico also saw some unusual options trading on Wednesday. Traders bought 1,176 call options on the stock. This is an increase of approximately 536% compared to the typical daily volume of 185 call options.

Pepsico (NYSE:PEP) last issued its quarterly earnings results on Tuesday, July 11th. The company reported $1.50 earnings per share (EPS) for the quarter, topping the Zacks’ 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 return on equity of 59.74% and a net margin of 10.77%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.35 earnings per share. Equities analysts forecast that Pepsico, Inc. will post $5.16 EPS for the current fiscal year.

The business also recently declared 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 2.82%. The ex-dividend date is Wednesday, August 30th. Pepsico’s dividend payout ratio is currently 68.22%.

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).

Institutional Ownership by Quarter for Pepsico (NYSE:PEP)

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