Pepsico, Inc. (PEP) Stake Boosted by Xact Kapitalforvaltning AB

Xact Kapitalforvaltning AB boosted its stake in Pepsico, Inc. (NYSE:PEP) by 10.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 253,917 shares of the company’s stock after buying an additional 24,372 shares during the period. Pepsico accounts for about 0.9% of Xact Kapitalforvaltning AB’s portfolio, making the stock its 19th largest position. Xact Kapitalforvaltning AB’s holdings in Pepsico were worth $28,403,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Lumina Fund Management LLC purchased a new position in shares of Pepsico during the fourth quarter valued at about $6,278,000. Shelton Capital Management boosted its position in Pepsico by 48.3% in the fourth quarter. Shelton Capital Management now owns 30,470 shares of the company’s stock worth $3,188,000 after buying an additional 9,930 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in 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 worth $147,000 after buying an additional 145,637 shares during the last quarter. Renaissance Technologies LLC boosted its position in Pepsico by 179.5% in the fourth quarter. Renaissance Technologies LLC now owns 2,276,462 shares of the company’s stock worth $238,186,000 after buying an additional 1,462,000 shares during the last quarter. Finally, Greenwood Capital Associates LLC boosted its position in Pepsico by 3.7% in the fourth quarter. Greenwood Capital Associates LLC now owns 46,410 shares of the company’s stock worth $4,856,000 after buying an additional 1,668 shares during the last quarter. 70.19% of the stock is currently owned by institutional investors and hedge funds.

Pepsico, Inc. (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 50 day moving average price of $116.16 and a 200-day moving average price of $113.32. The firm has a market capitalization of $167.64 billion, a price-to-earnings ratio of 24.90 and a beta of 0.67. Pepsico also was the target of some unusual options trading on Wednesday. Traders acquired 1,176 call options on the stock. This is an increase of 536% compared to the average daily volume of 185 call options.

Pepsico (NYSE:PEP) last posted its earnings results on Tuesday, July 11th. The company reported $1.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.10. Pepsico had a return on equity of 59.74% and a net margin of 10.77%. The business had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $15.57 billion. During the same period in the previous year, the business earned $1.35 EPS. The business’s quarterly revenue was up 2.0% on a year-over-year basis. On average, analysts predict that Pepsico, Inc. will post $5.16 earnings per share for the current fiscal year.

The business also recently declared 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. This represents a $3.22 annualized dividend and a yield of 2.74%. The ex-dividend date is Wednesday, August 30th. Pepsico’s dividend payout ratio (DPR) is presently 68.22%.

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A number of research analysts have recently weighed in on the company. BidaskClub raised Pepsico from a “hold” rating to a “buy” rating in a research report on Thursday. Vetr raised Pepsico from a “hold” rating to a “buy” rating and set a $125.54 price target on the stock in a report on Wednesday, April 26th. Royal Bank Of Canada reissued a “hold” rating and issued a $115.00 price target on shares of Pepsico in a report on Thursday, May 25th. Susquehanna Bancshares Inc reissued a “positive” rating and issued a $133.00 price target (down from $134.00) on shares of Pepsico in a report on Thursday, July 6th. Finally, Credit Suisse Group boosted their price target on Pepsico from $124.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, July 12th. Five equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $123.40.

In related news, CEO Indra K. Nooyi sold 340,449 shares of the business’s 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 transaction, the chief executive officer now owns 733,315 shares in the company, valued at approximately $85,372,532.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mehmood Khan sold 63,396 shares of the business’s 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 owns 174,273 shares in the company, valued at approximately $20,283,634.47. The disclosure for this sale can be found here. Insiders sold a total of 898,164 shares of company stock worth $104,585,929 in the last 90 days. 0.26% of the stock is currently owned by 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).

Institutional Ownership by Quarter for Pepsico (NYSE:PEP)

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