Tarbox Family Office Inc. continued to hold its position in shares of Pepsico, Inc. (NYSE:PEP) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,720 shares of the company’s stock at the end of the second quarter. Tarbox Family Office Inc.’s holdings in Pepsico were worth $199,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Roundview Capital LLC increased its position in shares of Pepsico by 5.6% in the fourth quarter. Roundview Capital LLC now owns 13,875 shares of the company’s stock valued at $1,452,000 after buying an additional 735 shares during the last quarter. Asset Management Group Inc. increased its position in shares of Pepsico by 2.1% in the fourth quarter. Asset Management Group Inc. now owns 79,557 shares of the company’s stock valued at $8,324,000 after buying an additional 1,666 shares during the last quarter. Silvercrest Asset Management Group LLC increased its position in shares of Pepsico by 0.3% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 201,748 shares of the company’s stock valued at $21,108,000 after buying an additional 687 shares during the last quarter. Girard Securities Inc. increased its position in shares of Pepsico by 9.7% in the fourth quarter. Girard Securities Inc. now owns 5,614 shares of the company’s stock valued at $587,000 after buying an additional 498 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Pepsico by 2.2% in the fourth quarter. Franklin Resources Inc. now owns 15,671,152 shares of the company’s stock valued at $1,639,677,000 after buying an additional 340,666 shares during the last quarter. 70.19% of the stock is owned by institutional investors.
Shares of Pepsico, Inc. (NYSE PEP) opened at 117.60 on Friday. Pepsico, Inc. has a one year low of $98.50 and a one year high of $119.39. The stock has a market capitalization of $167.64 billion, a PE ratio of 24.90 and a beta of 0.67. The firm has a 50-day moving average price of $116.16 and a 200 day moving average price of $113.32. Pepsico also saw unusually large options trading on Wednesday. Stock traders acquired 1,176 call options on the company. This is an increase of 536% compared to the average daily volume of 185 call options.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be issued a $0.805 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.74%. Pepsico’s dividend payout ratio (DPR) is 68.22%.
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Several research analysts have recently weighed in on PEP shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $133.00 target price (up from $130.00) on shares of Pepsico in a research note on Wednesday, July 12th. BidaskClub downgraded Pepsico from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. Vetr raised Pepsico from a “buy” rating to a “strong-buy” rating and set a $125.54 target price for the company in a research note on Wednesday, May 3rd. Royal Bank Of Canada set a $115.00 target price on Pepsico and gave the stock a “hold” rating in a research note on Monday, April 24th. Finally, Barclays PLC reaffirmed a “hold” rating and set a $113.00 target price on shares of Pepsico in a research note on Friday, April 28th. Five analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $123.40.
In other news, SVP Marie T. Gallagher sold 41,489 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $116.77, for a total value of $4,844,670.53. Following the completion of the transaction, the senior vice president now directly owns 76,037 shares of the company’s stock, valued at $8,878,840.49. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $52,727,525.20. Following the completion of the transaction, the chairman now directly owns 733,315 shares of the company’s stock, valued at $85,387,198.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 898,164 shares of company stock valued at $104,585,929. Insiders own 0.26% of the company’s stock.
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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