Keybank National Association OH reduced its position in PepsiCo, Inc. (NYSE:PEP) by 2.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,060,182 shares of the company’s stock after selling 23,542 shares during the period. PepsiCo comprises 0.7% of Keybank National Association OH’s portfolio, making the stock its 29th largest position. Keybank National Association OH owned 0.07% of PepsiCo worth $110,927,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. State Street Corp boosted its position in shares of PepsiCo by 1.8% in the fourth quarter. State Street Corp now owns 63,651,479 shares of the company’s stock worth $6,663,170,000 after buying an additional 1,115,697 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of PepsiCo by 21.1% in the third quarter. Price T Rowe Associates Inc. MD now owns 21,642,802 shares of the company’s stock worth $2,354,088,000 after buying an additional 3,773,486 shares during the period. UBS Asset Management Americas Inc. boosted its position in shares of PepsiCo by 2.2% in the third quarter. UBS Asset Management Americas Inc. now owns 8,028,947 shares of the company’s stock worth $873,308,000 after buying an additional 173,958 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of PepsiCo by 0.5% in the third quarter. PNC Financial Services Group Inc. now owns 7,400,994 shares of the company’s stock worth $805,007,000 after buying an additional 34,187 shares during the period. Finally, APG Asset Management N.V. boosted its position in shares of PepsiCo by 4.3% in the third quarter. APG Asset Management N.V. now owns 5,729,996 shares of the company’s stock worth $623,252,000 after buying an additional 236,800 shares during the period. 70.43% of the stock is currently owned by institutional investors and hedge funds.
Shares of PepsiCo, Inc. (NYSE:PEP) traded down 0.14% on Friday, hitting $113.43. The stock had a trading volume of 4,332,833 shares. The company’s 50 day moving average price is $111.53 and its 200-day moving average price is $106.61. PepsiCo, Inc. has a 12 month low of $98.50 and a 12 month high of $114.61. The company has a market cap of $161.89 billion, a P/E ratio of 26.02 and a beta of 0.53.
PepsiCo (NYSE:PEP) last announced its quarterly earnings data on Wednesday, February 15th. The company reported $1.20 EPS for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.04. The firm earned $19.52 billion during the quarter, compared to the consensus estimate of $19.51 billion. PepsiCo had a net margin of 10.74% and a return on equity of 56.16%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.06 earnings per share. On average, analysts expect that PepsiCo, Inc. will post $5.12 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Friday, March 3rd were given a $0.7525 dividend. The ex-dividend date was Wednesday, March 1st. This represents a $3.01 dividend on an annualized basis and a yield of 2.65%. PepsiCo’s payout ratio is currently 66.01%.
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Several equities analysts have recently issued reports on the company. Jefferies Group LLC boosted their target price on PepsiCo from $120.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday. Vetr cut PepsiCo from a “buy” rating to a “hold” rating and set a $109.00 target price on the stock. in a research note on Wednesday, January 4th. Sanford C. Bernstein reissued an “outperform” rating on shares of PepsiCo in a research note on Friday, March 3rd. Zacks Investment Research raised PepsiCo from a “sell” rating to a “hold” rating in a research note on Friday, January 6th. Finally, BMO Capital Markets reissued a “buy” rating and set a $115.00 target price on shares of PepsiCo in a research note on Thursday, February 16th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the stock. PepsiCo presently has an average rating of “Buy” and an average target price of $117.12.
In related news, COO Vivek Sankaran sold 2,000 shares of the firm’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $110.22, for a total value of $220,440.00. Following the completion of the sale, the chief operating officer now owns 73,595 shares in the company, valued at $8,111,640.90. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Kirk Tanner sold 5,500 shares of the firm’s stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $110.13, for a total transaction of $605,715.00. Following the completion of the sale, the chief operating officer now owns 90,022 shares of the company’s stock, valued at approximately $9,914,122.86. The disclosure for this sale can be found here. In the last 90 days, insiders sold 44,343 shares of company stock valued at $4,850,480. 0.33% of the stock is owned by insiders.
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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