SSI Investment Management Inc. reduced its position in PepsiCo, Inc. (NYSE:PEP) by 2.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,383 shares of the company’s stock after selling 128 shares during the period. SSI Investment Management Inc.’s holdings in PepsiCo were worth $458,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the company. State Street Corp boosted its position in PepsiCo by 1.8% in the fourth quarter. State Street Corp now owns 63,651,479 shares of the company’s stock valued at $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 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 valued at $2,354,088,000 after buying an additional 3,773,486 shares during the period. UBS Asset Management Americas Inc. boosted its position in PepsiCo by 2.2% in the third quarter. UBS Asset Management Americas Inc. now owns 8,028,947 shares of the company’s stock valued at $873,308,000 after buying an additional 173,958 shares during the period. PNC Financial Services Group Inc. boosted its position in PepsiCo by 0.5% in the third quarter. PNC Financial Services Group Inc. now owns 7,400,994 shares of the company’s stock valued at $805,007,000 after buying an additional 34,187 shares during the period. Finally, APG Asset Management N.V. boosted its position in PepsiCo by 4.3% in the third quarter. APG Asset Management N.V. now owns 5,729,996 shares of the company’s stock valued at $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 has a market cap of $161.89 billion, a P/E ratio of 26.02 and a beta of 0.53. PepsiCo, Inc. has a 12 month low of $98.50 and a 12 month high of $114.61. The company’s 50 day moving average price is $111.53 and its 200-day moving average price is $106.61.
PepsiCo (NYSE:PEP) last issued its earnings results on Wednesday, February 15th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.04. PepsiCo had a net margin of 10.74% and a return on equity of 56.16%. The company earned $19.52 billion during the quarter, compared to analysts’ expectations of $19.51 billion. During the same period last year, the company posted $1.06 earnings per share. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, analysts expect that PepsiCo, Inc. will post $5.12 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Friday, March 3rd were issued 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 dividend payout ratio (DPR) is presently 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 upgraded PepsiCo from a “sell” rating to a “hold” rating in a research report on Friday, January 6th. Finally, BMO Capital Markets restated a “buy” rating and set a $115.00 price target on shares of PepsiCo in a research report 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 other news, CEO Ramon Laguarta sold 23,585 shares of the firm’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $109.05, for a total transaction of $2,571,944.25. Following the completion of the transaction, the chief executive officer now directly owns 135,859 shares of the company’s stock, valued at approximately $14,815,423.95. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Cynthia Trudell sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $109.57, for a total transaction of $986,130.00. Following the transaction, the executive vice president now directly owns 38,739 shares of the company’s stock, valued at $4,244,632.23. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,343 shares of company stock valued at $4,850,480. 0.33% of the stock is currently owned by corporate 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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