Pepsico, Inc. (PEP) Holdings Maintained by SPF Beheer BV
SPF Beheer BV continued to hold its stake in shares of Pepsico, Inc. (NYSE:PEP) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 597,088 shares of the company’s stock at the close of the second quarter. Pepsico accounts for about 3.2% of SPF Beheer BV’s holdings, making the stock its 14th biggest position. SPF Beheer BV’s holdings in Pepsico were worth $68,958,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently modified their holdings of PEP. National Pension Service grew its holdings in shares of Pepsico by 2.0% during the first quarter. National Pension Service now owns 945,000 shares of the company’s stock worth $106,010,000 after buying an additional 18,835 shares during the last quarter. Univest Corp of Pennsylvania grew its holdings in shares of Pepsico by 0.7% during the first quarter. Univest Corp of Pennsylvania now owns 2,350 shares of the company’s stock worth $263,000 after buying an additional 17 shares during the last quarter. Hays Advisory LLC grew its holdings in shares of Pepsico by 11.6% during the first quarter. Hays Advisory LLC now owns 2,244 shares of the company’s stock worth $251,000 after buying an additional 233 shares during the last quarter. Ledyard National Bank grew its holdings in shares of Pepsico by 9.2% during the first quarter. Ledyard National Bank now owns 55,779 shares of the company’s stock worth $6,240,000 after buying an additional 4,720 shares during the last quarter. Finally, HPM Partners LLC purchased a new position in shares of Pepsico during the first quarter worth about $8,946,000. 70.16% of the stock is currently owned by institutional investors.
Pepsico, Inc. (PEP) traded up 0.58% during midday trading on Friday, hitting $114.85. 5,543,002 shares of the stock were exchanged. The stock has a market cap of $163.72 billion, a price-to-earnings ratio of 24.32 and a beta of 0.68. Pepsico, Inc. has a 52 week low of $98.50 and a 52 week high of $119.39. The firm’s 50-day moving average is $116.42 and its 200 day moving average is $114.56. Pepsico also was the target of some unusual options trading activity on Wednesday. Traders purchased 1,176 call options on the stock. This represents an increase of 536% compared to the average daily volume of 185 call options.
Pepsico (NYSE:PEP) last posted 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 during the quarter, compared to analysts’ expectations of $15.57 billion. Pepsico had a net margin of 10.77% and a return on equity of 59.74%. The business’s revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm posted $1.35 earnings per share. Equities research analysts expect that Pepsico, Inc. will post $5.16 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be issued a $0.805 dividend. This represents a $3.22 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Wednesday, August 30th. Pepsico’s dividend payout ratio (DPR) is presently 68.22%.
In other news, SVP Marie T. Gallagher sold 41,489 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $116.77, for a total value of $4,844,670.53. Following the completion of the transaction, the senior vice president now directly owns 76,037 shares in the company, valued at $8,878,840.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 completion of the transaction, the chairman now owns 733,315 shares of the company’s stock, valued at $85,387,198.60. The disclosure for this sale can be found here. Insiders sold 898,164 shares of company stock valued at $104,585,929 over the last quarter. Insiders own 0.26% of the company’s stock.
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A number of research firms recently issued reports on PEP. Macquarie began coverage on Pepsico in a report on Thursday. They set an “outperform” rating and a $125.00 price target on the stock. BidaskClub raised Pepsico from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Royal Bank Of Canada reissued a “hold” rating and set a $115.00 price target on shares of Pepsico in a report on Thursday, May 25th. Susquehanna Bancshares Inc reissued a “positive” rating and set a $133.00 price target (down previously from $134.00) on shares of Pepsico in a report on Thursday, July 6th. Finally, Zacks Investment Research raised Pepsico from a “hold” rating to a “buy” rating and set a $132.00 price target on the stock in a report on Tuesday, August 22nd. Six investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $123.44.
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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