Osborn Williams & Donohoe LLC Trims Position in Pepsico, Inc. (PEP)

Osborn Williams & Donohoe LLC lowered its stake in shares of Pepsico, Inc. (NYSE:PEP) by 1.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 93,292 shares of the company’s stock after selling 968 shares during the quarter. Pepsico comprises 1.9% of Osborn Williams & Donohoe LLC’s portfolio, making the stock its 10th largest position. Osborn Williams & Donohoe LLC’s holdings in Pepsico were worth $10,396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Pepsico by 2.4% during the second quarter. Vanguard Group Inc. now owns 112,083,751 shares of the company’s stock worth $12,944,553,000 after acquiring an additional 2,635,738 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Pepsico by 910.5% during the second quarter. Janus Henderson Group PLC now owns 2,907,923 shares of the company’s stock worth $335,840,000 after acquiring an additional 2,620,149 shares in the last quarter. Harbour Capital Advisors LLC boosted its stake in Pepsico by 11,316.2% during the second quarter. Harbour Capital Advisors LLC now owns 2,183,685 shares of the company’s stock worth $18,908,000 after acquiring an additional 2,164,557 shares in the last quarter. Sanders Capital LLC boosted its stake in Pepsico by 73.4% during the second quarter. Sanders Capital LLC now owns 3,857,425 shares of the company’s stock worth $489,123,000 after acquiring an additional 1,633,325 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in Pepsico by 92.5% during the first quarter. Canada Pension Plan Investment Board now owns 3,317,230 shares of the company’s stock worth $371,065,000 after acquiring an additional 1,593,550 shares in the last quarter. Institutional investors own 70.50% of the company’s stock.

PEP has been the topic of several research reports. Zacks Investment Research raised shares of Pepsico from a “hold” rating to a “buy” rating and set a $131.00 price objective on the stock in a research note on Monday, December 4th. BidaskClub lowered shares of Pepsico from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Susquehanna Bancshares reissued a “buy” rating and set a $135.00 price objective on shares of Pepsico in a research note on Monday, October 2nd. Credit Suisse Group reissued a “hold” rating and set a $122.00 price objective (down previously from $124.00) on shares of Pepsico in a research note on Thursday, October 5th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $115.00 price objective on shares of Pepsico in a research note on Wednesday, September 6th. Eight investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $122.73.

In other news, insider Ramon Laguarta sold 21,449 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $110.51, for a total value of $2,370,328.99. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.26% of the company’s stock.

Pepsico, Inc. (PEP) opened at $119.22 on Monday. The stock has a market cap of $169,526.55, a P/E ratio of 23.28, a PEG ratio of 3.35 and a beta of 0.68. Pepsico, Inc. has a 52 week low of $101.06 and a 52 week high of $119.39. 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 (NYSE:PEP) last issued its earnings results 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 firm 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%. The business’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.40 earnings per share. research analysts forecast that Pepsico, Inc. will post 5.22 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 8th. Stockholders of record on Friday, December 1st will be paid a $0.805 dividend. The ex-dividend date is Thursday, November 30th. This represents a $3.22 annualized dividend and a dividend yield of 2.70%. Pepsico’s dividend payout ratio is presently 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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