Pepsico, Inc. (PEP) Holdings Reduced by WealthTrust Fairport LLC

WealthTrust Fairport LLC decreased its holdings in Pepsico, Inc. (NYSE:PEP) by 0.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,705 shares of the company’s stock after selling 98 shares during the quarter. WealthTrust Fairport LLC’s holdings in Pepsico were worth $2,507,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Schwab Charles Investment Management Inc. lifted its stake in shares of 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. Swiss National Bank lifted its stake in shares of Pepsico by 2.3% in the 2nd quarter. Swiss National Bank now owns 6,076,506 shares of the company’s stock valued at $701,776,000 after purchasing an additional 136,900 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of 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. lifted its stake in shares of 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. Finally, Pioneer Investment Management Inc. lifted its stake in shares of 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. Institutional investors own 70.50% of the company’s stock.

In related news, insider Ramon Laguarta sold 21,449 shares of the business’s stock in a transaction that occurred 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 document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.26% of the company’s stock.

Several equities analysts have recently weighed in on PEP shares. Cowen reaffirmed a “buy” rating on shares of Pepsico in a research note on Sunday, September 17th. Credit Suisse Group lowered Pepsico from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $126.00 to $124.00 in a research note on Friday, September 8th. Zacks Investment Research lowered Pepsico from a “buy” rating to a “hold” rating in a research note on Monday, August 28th. Macquarie started coverage on Pepsico in a research note on Thursday, September 14th. They issued an “outperform” rating and a $125.00 price objective on the stock. Finally, Royal Bank Of Canada reaffirmed a “hold” rating on shares of Pepsico in a research note on Sunday, November 12th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $121.96.

Pepsico, Inc. (NYSE:PEP) traded up $1.31 during trading on Thursday, reaching $118.90. The company had a trading volume of 3,203,500 shares, compared to its average volume of 3,665,145. The firm has a market cap of $167,229.78, a price-to-earnings ratio of 22.97, a PEG ratio of 3.20 and a beta of 0.68. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 2.32. Pepsico, Inc. has a 12-month low of $101.06 and a 12-month high of $119.39.

Pepsico (NYSE:PEP) last released its quarterly earnings results on Wednesday, October 4th. The company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.43 by $0.05. The firm had revenue of $16.24 billion for the quarter, compared to analyst estimates of $16.35 billion. Pepsico had a return on equity of 59.68% and a net margin of 10.97%. Pepsico’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.40 EPS. sell-side analysts anticipate that Pepsico, Inc. will post 5.22 earnings per share for the current 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. This represents a $3.22 annualized dividend and a yield of 2.71%. The ex-dividend date is Thursday, November 30th. Pepsico’s dividend payout ratio (DPR) is presently 66.53%.

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Pepsico 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).

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Institutional Ownership by Quarter for Pepsico (NYSE:PEP)

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