Horrell Capital Management Inc. Grows Holdings in Pepsico, Inc. (PEP)

Horrell Capital Management Inc. grew its holdings in shares of Pepsico, Inc. (NYSE:PEP) by 2.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,375 shares of the company’s stock after buying an additional 581 shares during the quarter. Pepsico accounts for 2.0% of Horrell Capital Management Inc.’s portfolio, making the stock its 15th largest position. Horrell Capital Management Inc.’s holdings in Pepsico were worth $3,393,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Mn Services Vermogensbeheer B.V. grew its stake in Pepsico by 508.2% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 233,144 shares of the company’s stock worth $26,926,000 after buying an additional 194,813 shares during the period. Woodstock Corp grew its stake in Pepsico by 0.9% during the second quarter. Woodstock Corp now owns 109,093 shares of the company’s stock worth $12,599,000 after buying an additional 940 shares during the period. Mascoma Wealth Management LLC grew its stake in Pepsico by 33.7% during the second quarter. Mascoma Wealth Management LLC now owns 2,210 shares of the company’s stock worth $255,000 after buying an additional 557 shares during the period. Howe & Rusling Inc. grew its stake in Pepsico by 3.1% during the second quarter. Howe & Rusling Inc. now owns 83,923 shares of the company’s stock worth $9,692,000 after buying an additional 2,547 shares during the period. Finally, Chevy Chase Trust Holdings Inc. grew its stake in Pepsico by 0.6% during the second quarter. Chevy Chase Trust Holdings Inc. now owns 1,597,900 shares of the company’s stock worth $184,542,000 after buying an additional 10,205 shares during the period. Institutional investors own 70.17% of the company’s stock.

PEP has been the subject of several research reports. Royal Bank Of Canada reiterated a “hold” rating and set a $115.00 price objective on shares of Pepsico in a research note on Friday, June 30th. BidaskClub downgraded shares of Pepsico from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. Susquehanna Bancshares Inc reiterated 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 restated a “buy” rating and issued a $130.00 target price (up from $127.00) on shares of Pepsico in a research note on Thursday, July 6th. Finally, J P Morgan Chase & Co restated an “overweight” rating on shares of Pepsico in a research note on Wednesday, July 12th. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Pepsico currently has a consensus rating of “Buy” and a consensus price target of $121.71.

In other Pepsico news, EVP Mehmood Khan sold 63,396 shares of Pepsico stock in a transaction on Monday, July 24th. The shares were sold at an average price of $116.39, for a total transaction of $7,378,660.44. Following the sale, the executive vice president now owns 174,273 shares in the company, valued at $20,283,634.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Marie T. Gallagher sold 41,489 shares of Pepsico stock in a transaction on Monday, August 7th. The stock was sold at an average price of $116.77, for a total transaction of $4,844,670.53. Following the sale, the senior vice president now owns 76,037 shares in the company, valued at approximately $8,878,840.49. The disclosure for this sale can be found here. Insiders have sold 898,164 shares of company stock worth $104,585,929 in the last quarter. Corporate insiders own 0.26% of the company’s stock.

Pepsico, Inc. (PEP) traded up 0.668% during mid-day trading on Tuesday, reaching $110.745. 1,415,707 shares of the company traded hands. The company has a market capitalization of $157.50 billion, a P/E ratio of 22.886 and a beta of 0.68. Pepsico, Inc. has a 52-week low of $98.50 and a 52-week high of $119.39. The stock has a 50 day moving average price of $113.89 and a 200-day moving average price of $114.75.

Pepsico (NYSE:PEP) last announced its quarterly earnings data on Wednesday, October 4th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.05. The business had revenue of $16.24 billion for the quarter, compared to the consensus estimate of $16.35 billion. Pepsico had a net margin of 10.97% and a return on equity of 59.68%. Pepsico’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the company posted $1.40 earnings per share. Analysts expect that Pepsico, Inc. will post $5.22 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 1st were paid a dividend of $0.805 per share. The ex-dividend date was Wednesday, August 30th. This represents a $3.22 dividend on an annualized basis and a yield of 2.93%. Pepsico’s dividend payout ratio is currently 66.53%.

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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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