Pepsico, Inc. (PEP) Stake Increased by American Economic Planning Group Inc. ADV
American Economic Planning Group Inc. ADV raised its position in shares of Pepsico, Inc. (NYSE:PEP) by 0.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,705 shares of the company’s stock after buying an additional 3 shares during the period. American Economic Planning Group Inc. ADV’s holdings in Pepsico were worth $312,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. increased its holdings in shares of Pepsico by 3.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 7,543,614 shares of the company’s stock worth $843,829,000 after buying an additional 280,480 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Pepsico by 16.6% during the first quarter. Bank of Montreal Can now owns 5,812,519 shares of the company’s stock worth $650,189,000 after buying an additional 827,376 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Pepsico by 5.0% during the second quarter. Fisher Asset Management LLC now owns 5,775,278 shares of the company’s stock worth $666,987,000 after buying an additional 277,607 shares in the last quarter. APG Asset Management N.V. increased its holdings in shares of Pepsico by 0.9% during the second quarter. APG Asset Management N.V. now owns 5,110,832 shares of the company’s stock worth $590,250,000 after buying an additional 43,100 shares in the last quarter. Finally, Pioneer Investment Management Inc. increased its holdings in shares of Pepsico by 19.9% during the first quarter. Pioneer Investment Management Inc. now owns 4,414,828 shares of the company’s stock worth $493,842,000 after buying an additional 733,294 shares in the last quarter. 70.06% of the stock is owned by institutional investors.
Shares of Pepsico, Inc. (NYSE PEP) traded down 0.84% during trading on Friday, reaching $111.85. 3,746,257 shares of the company’s stock were exchanged. Pepsico, Inc. has a 52-week low of $98.50 and a 52-week high of $119.39. The stock’s 50 day moving average price is $116.31 and its 200-day moving average price is $114.69. The stock has a market cap of $159.44 billion, a PE ratio of 23.69 and a beta of 0.68.
Pepsico (NYSE:PEP) last posted its quarterly earnings data 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 company had revenue of $15.71 billion for the quarter, compared to analyst estimates of $15.57 billion. During the same period in the prior year, the firm posted $1.35 EPS. The company’s quarterly revenue was up 2.0% on a year-over-year basis. On average, equities research analysts forecast that Pepsico, Inc. will post $5.16 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders 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 2.88%. The ex-dividend date is Wednesday, August 30th. Pepsico’s dividend payout ratio is currently 68.22%.
In other news, Chairman Indra K. Nooyi sold 452,830 shares of the company’s stock in a transaction on 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Marie T. Gallagher sold 41,489 shares of the company’s stock in a transaction on Monday, August 7th. The shares were 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 directly owns 76,037 shares in the company, valued at $8,878,840.49. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 898,164 shares of company stock worth $104,585,929. Insiders own 0.26% of the company’s stock.
Several analysts have recently weighed in on PEP shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $133.00 price objective (up previously from $130.00) on shares of Pepsico in a report on Wednesday, July 12th. Zacks Investment Research raised shares of Pepsico from a “hold” rating to a “buy” rating and set a $129.00 price objective for the company in a report on Friday, July 14th. BidaskClub raised shares of Pepsico from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Cowen and Company reissued a “buy” rating on shares of Pepsico in a research note on Sunday, September 17th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Pepsico in a research note on Wednesday, May 31st. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $123.75.
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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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