Pepsico, Inc. (PEP) Holdings Increased by Mark Sheptoff Financial Planning LLC

Mark Sheptoff Financial Planning LLC lifted its holdings in shares of Pepsico, Inc. (NYSE:PEP) by 0.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,893 shares of the company’s stock after buying an additional 89 shares during the period. Pepsico comprises 4.7% of Mark Sheptoff Financial Planning LLC’s investment portfolio, making the stock its 3rd biggest holding. Mark Sheptoff Financial Planning LLC’s holdings in Pepsico were worth $6,802,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of PEP. Schwab Charles Investment Management Inc. increased its stake in Pepsico by 3.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 7,781,835 shares of the company’s stock valued at $898,725,000 after purchasing an additional 238,221 shares in the last quarter. Fisher Asset Management LLC increased its stake in Pepsico by 5.0% in the 2nd quarter. Fisher Asset Management LLC now owns 5,775,278 shares of the company’s stock valued at $666,987,000 after purchasing an additional 277,607 shares in the last quarter. APG Asset Management N.V. increased its stake in Pepsico by 0.9% in the 2nd quarter. APG Asset Management N.V. now owns 5,110,832 shares of the company’s stock valued at $590,250,000 after purchasing an additional 43,100 shares in the last quarter. Pioneer Investment Management Inc. increased its stake in Pepsico by 2.1% in the 2nd quarter. Pioneer Investment Management Inc. now owns 4,506,679 shares of the company’s stock valued at $520,476,000 after purchasing an additional 91,851 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in Pepsico by 0.8% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,249,119 shares of the company’s stock valued at $490,731,000 after purchasing an additional 32,452 shares in the last quarter. 70.50% of the stock is owned by institutional investors and hedge funds.

In other news, insider Ramon Laguarta sold 21,449 shares of the firm’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $110.51, for a total transaction of $2,370,328.99. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.26% of the stock is currently owned by corporate insiders.

Shares of Pepsico, Inc. (PEP) traded up $0.13 during trading hours on Wednesday, reaching $117.59. The company’s stock had a trading volume of 3,198,600 shares, compared to its average volume of 3,667,118. The firm has a market cap of $167,044.91, a PE ratio of 22.94, a PEG ratio of 3.19 and a beta of 0.68. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 2.32. Pepsico, Inc. has a 52-week low of $100.81 and a 52-week high of $119.39.

Pepsico (NYSE:PEP) last announced its earnings results on Wednesday, October 4th. The company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.05. The firm had revenue of $16.24 billion for the quarter, compared to analysts’ expectations of $16.35 billion. Pepsico had a return on equity of 59.68% and a net margin of 10.97%. Pepsico’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.40 EPS. equities analysts anticipate that Pepsico, Inc. will post 5.22 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 8th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Thursday, November 30th. Pepsico’s dividend payout ratio (DPR) is presently 66.53%.

Several equities analysts recently weighed in on PEP shares. Cowen reaffirmed a “buy” rating on shares of Pepsico in a research note on Sunday, September 17th. Zacks Investment Research raised Pepsico from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a research note on Tuesday, August 22nd. BidaskClub raised Pepsico from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Susquehanna Bancshares reaffirmed a “buy” rating and issued a $135.00 price objective on shares of Pepsico in a research note on Monday, October 2nd. Finally, Deutsche Bank reaffirmed a “buy” rating and issued a $122.00 price objective (down from $125.00) on shares of Pepsico in a research note on Friday, October 6th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $121.96.

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About Pepsico

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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