AR Asset Management Inc. held its position in Pepsico, Inc. (NYSE:PEP) during the second quarter, according to its most recent filing with the SEC. The fund owned 43,609 shares of the company’s stock at the end of the second quarter. Pepsico accounts for 2.0% of AR Asset Management Inc.’s holdings, making the stock its 13th largest position. AR Asset Management Inc.’s holdings in Pepsico were worth $5,036,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Barnett & Company Inc. lifted its position in Pepsico by 270.4% during the second quarter. Barnett & Company Inc. now owns 900 shares of the company’s stock valued at $104,000 after purchasing an additional 657 shares during the period. Asset Planning Services Ltd. lifted its position in Pepsico by 0.3% during the second quarter. Asset Planning Services Ltd. now owns 1,006 shares of the company’s stock valued at $116,000 after purchasing an additional 3 shares during the period. Riggs Asset Managment Co. Inc. lifted its position in Pepsico by 14.9% during the first quarter. Riggs Asset Managment Co. Inc. now owns 1,270 shares of the company’s stock valued at $142,000 after purchasing an additional 165 shares during the period. Millie Capital Management LLC acquired a new position in Pepsico during the first quarter valued at $202,000. Finally, S. R. Schill & Associates acquired a new position in Pepsico during the second quarter valued at $203,000. Institutional investors own 70.50% of the company’s stock.
In related news, insider Ramon Laguarta sold 21,449 shares of the company’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $110.51, for a total transaction of $2,370,328.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.26% of the stock is owned by corporate insiders.
Pepsico (NYSE:PEP) last issued its quarterly earnings data on Wednesday, October 4th. The company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.05. The business had revenue of $16.24 billion during 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%. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.40 earnings per share. sell-side analysts expect that Pepsico, Inc. will post 5.22 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 8th. Investors of record on Friday, December 1st will be given a dividend of $0.805 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $3.22 annualized dividend and a dividend yield of 2.76%. Pepsico’s dividend payout ratio (DPR) is presently 66.53%.
A number of research firms recently issued reports on PEP. BidaskClub upgraded shares of Pepsico from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Zacks Investment Research upgraded shares of Pepsico from a “hold” rating to a “buy” rating and set a $132.00 target price for the company in a research report on Tuesday, August 22nd. Credit Suisse Group downgraded shares of Pepsico from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $126.00 to $124.00 in a research report on Friday, September 8th. Royal Bank Of Canada reiterated a “hold” rating and issued a $115.00 price objective on shares of Pepsico in a research report on Wednesday, September 6th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $120.00 price objective on shares of Pepsico in a research report on Wednesday, September 6th. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $121.96.
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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