Xact Kapitalforvaltning AB raised its stake in shares of Pepsico, Inc. (NYSE:PEP) by 10.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 253,917 shares of the company’s stock after buying an additional 24,372 shares during the period. Pepsico makes up 0.9% of Xact Kapitalforvaltning AB’s investment portfolio, making the stock its 19th largest position. Xact Kapitalforvaltning AB’s holdings in Pepsico were worth $28,403,000 as of its most recent filing with the SEC.
Several other institutional investors have also added to or reduced their stakes in the stock. Asset Planning Services Ltd. boosted its position in shares of Pepsico by 66.1% in the first quarter. Asset Planning Services Ltd. now owns 1,003 shares of the company’s stock valued at $112,000 after buying an additional 399 shares during the period. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Pepsico during the fourth quarter valued at about $125,000. Riggs Asset Managment Co. Inc. boosted its position in shares of Pepsico by 14.9% in the first quarter. Riggs Asset Managment Co. Inc. now owns 1,270 shares of the company’s stock valued at $142,000 after buying an additional 165 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in shares of Pepsico by 11,898.4% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 146,861 shares of the company’s stock valued at $147,000 after buying an additional 145,637 shares during the period. Finally, Israel Discount Bank of New York GFN purchased a new position in shares of Pepsico during the fourth quarter valued at about $150,000. Institutional investors own 70.52% of the company’s stock.
Shares of Pepsico, Inc. (NYSE:PEP) traded up 0.11% on Friday, reaching $116.51. The company had a trading volume of 2,759,739 shares. The company has a 50-day moving average price of $115.86 and a 200-day moving average price of $112.72. Pepsico, Inc. has a one year low of $98.50 and a one year high of $118.24. The firm has a market cap of $166.09 billion, a P/E ratio of 24.67 and a beta of 0.67.
Pepsico (NYSE:PEP) last released its earnings results on Tuesday, July 11th. The company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.10. The company had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $15.57 billion. Pepsico had a return on equity of 59.74% and a net margin of 10.77%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.35 earnings per share. On average, analysts expect that Pepsico, Inc. will post $5.16 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be given a dividend of $0.805 per share. The ex-dividend date is Wednesday, August 30th. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.76%. Pepsico’s payout ratio is currently 68.22%.
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Several brokerages recently issued reports on PEP. Vetr upgraded Pepsico from a “hold” rating to a “buy” rating and set a $125.54 price objective on the stock in a research note on Wednesday, April 26th. Zacks Investment Research upgraded Pepsico from a “hold” rating to a “buy” rating and set a $129.00 price objective on the stock in a research note on Friday, July 14th. Susquehanna Bancshares Inc restated a “positive” rating and set a $133.00 price objective (down from $134.00) on shares of Pepsico in a research note on Thursday, July 6th. Jefferies Group LLC increased their target price on Pepsico from $120.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, April 19th. Finally, BMO Capital Markets lowered Pepsico from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $118.00 to $120.00 in a research report on Wednesday, June 7th. They noted that the move was a valuation call. Six investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Pepsico presently has an average rating of “Buy” and an average price target of $123.40.
In other news, Chairman Indra K. Nooyi sold 452,830 shares of the business’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $116.44, for a total transaction of $52,727,525.20. Following the completion of the sale, the chairman now owns 733,315 shares in the company, valued at $85,387,198.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Marie T. Gallagher sold 41,489 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now owns 76,037 shares of the company’s stock, valued at approximately $8,878,840.49. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 898,164 shares of company stock valued at $104,585,929. 0.26% of the stock is currently owned by corporate insiders.
Pepsico Company Profile
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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