Cape Cod Five Cents Savings Bank reduced its position in shares of Pepsico, Inc. (NYSE:PEP) by 4.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 73,301 shares of the company’s stock after selling 3,579 shares during the period. Pepsico comprises about 1.3% of Cape Cod Five Cents Savings Bank’s portfolio, making the stock its 16th largest position. Cape Cod Five Cents Savings Bank’s holdings in Pepsico were worth $8,465,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in PEP. CrestPoint Capital Management LLC bought a new stake in Pepsico during the second quarter worth about $1,259,000. Oregon Public Employees Retirement Fund increased its stake in Pepsico by 5.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 336,825 shares of the company’s stock worth $38,900,000 after buying an additional 17,600 shares during the last quarter. Vigilant Capital Management LLC increased its stake in Pepsico by 1.5% in the second quarter. Vigilant Capital Management LLC now owns 91,857 shares of the company’s stock worth $10,609,000 after buying an additional 1,401 shares during the last quarter. LVM Capital Management Ltd. MI increased its stake in Pepsico by 9.0% in the second quarter. LVM Capital Management Ltd. MI now owns 13,890 shares of the company’s stock worth $1,604,000 after buying an additional 1,150 shares during the last quarter. Finally, Abner Herrman & Brock LLC increased its stake in Pepsico by 0.5% in the second quarter. Abner Herrman & Brock LLC now owns 109,864 shares of the company’s stock worth $12,688,000 after buying an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 70.52% of the company’s stock.
Pepsico, Inc. (NYSE PEP) traded up 0.11% during mid-day trading on Friday, reaching $116.51. 2,759,739 shares of the company traded hands. Pepsico, Inc. has a 52-week low of $98.50 and a 52-week high of $118.24. The company has a market capitalization of $166.09 billion, a P/E ratio of 24.67 and a beta of 0.67. The stock has a 50 day moving average price of $115.87 and a 200-day moving average price of $112.81.
Pepsico (NYSE:PEP) last announced its quarterly earnings data on Tuesday, July 11th. The company reported $1.50 earnings per share (EPS) for the quarter, topping the 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 net margin of 10.77% and a return on equity of 59.74%. Pepsico’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the company posted $1.35 earnings per share. Analysts expect that Pepsico, Inc. will post $5.16 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be given a $0.805 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.22 annualized dividend and a yield of 2.76%. Pepsico’s dividend payout ratio (DPR) is currently 68.22%.
A number of research firms recently issued reports on PEP. Zacks Investment Research downgraded shares of Pepsico from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Cowen and Company reiterated an “outperform” rating and set a $128.00 price objective on shares of Pepsico in a research note on Thursday, July 13th. Jefferies Group LLC reiterated a “buy” rating and set a $133.00 price objective (up from $130.00) on shares of Pepsico in a research note on Wednesday, July 12th. Credit Suisse Group boosted their price objective on shares of Pepsico from $124.00 to $126.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 12th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating on shares of Pepsico in a research note 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 issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $123.40.
In related news, CEO Indra K. Nooyi sold 340,449 shares of Pepsico stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $116.42, for a total value of $39,635,072.58. Following the completion of the transaction, the chief executive officer now directly owns 733,315 shares of the company’s stock, valued at $85,372,532.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mehmood Khan sold 63,396 shares of Pepsico stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $116.39, for a total value of $7,378,660.44. Following the completion of the transaction, the executive vice president now directly owns 174,273 shares of the company’s stock, valued at $20,283,634.47. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 898,164 shares of company stock valued at $104,585,929. 0.26% of the stock is owned by company 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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