DIAM Co. Ltd. decreased its stake in PepsiCo Inc. (NYSE:PEP) by 9.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 297,105 shares of the company’s stock after selling 31,622 shares during the period. DIAM Co. Ltd.’s holdings in PepsiCo were worth $31,050,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of the company. Simmons Bank boosted its stake in shares of PepsiCo by 1.0% in the second quarter. Simmons Bank now owns 50,198 shares of the company’s stock valued at $5,318,000 after buying an additional 516 shares during the period. Truepoint Inc. purchased a new stake in shares of PepsiCo during the second quarter worth about $238,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its stake in shares of PepsiCo by 7.1% in the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 565,252 shares of the company’s stock worth $59,883,000 after buying an additional 37,300 shares during the last quarter. Emerald Acquisition Ltd. purchased a new stake in shares of PepsiCo during the second quarter worth about $370,675,000. Finally, Intrust Bank NA boosted its stake in shares of PepsiCo by 8.3% in the second quarter. Intrust Bank NA now owns 52,575 shares of the company’s stock worth $5,569,000 after buying an additional 4,019 shares during the last quarter. 69.81% of the stock is currently owned by hedge funds and other institutional investors.
Shares of PepsiCo Inc. (NYSE:PEP) traded down 0.45% during trading on Friday, reaching $107.34. 3,235,889 shares of the company traded hands. PepsiCo Inc. has a 12-month low of $92.20 and a 12-month high of $110.94. The firm’s 50-day moving average is $107.31 and its 200-day moving average is $104.87. The stock has a market capitalization of $154.48 billion, a PE ratio of 30.33 and a beta of 0.48.
PepsiCo (NYSE:PEP) last announced its quarterly earnings data on Thursday, July 7th. The company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.30 by $0.05. The business had revenue of $15.40 billion for the quarter. PepsiCo had a net margin of 8.34% and a return on equity of 54.91%. The business’s revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.32 EPS. On average, equities analysts predict that PepsiCo Inc. will post $4.76 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 2nd will be given a $0.7525 dividend. This represents a $3.01 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Wednesday, August 31st. PepsiCo’s dividend payout ratio (DPR) is currently 84.79%.
A number of equities research analysts have recently issued reports on PEP shares. Vetr cut shares of PepsiCo from a “buy” rating to a “hold” rating and set a $104.63 target price on the stock. in a report on Wednesday, June 1st. Susquehanna reaffirmed a “neutral” rating on shares of PepsiCo in a report on Tuesday, June 14th. Zacks Investment Research raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $116.00 target price on the stock in a report on Tuesday, June 21st. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a $104.00 target price (down from $105.00) on shares of PepsiCo in a report on Wednesday, June 29th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $119.00 target price on shares of PepsiCo in a report on Wednesday, June 29th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $111.34.
In other news, CEO Albert P. Carey sold 170,003 shares of the business’s stock in a transaction that occurred on Tuesday, July 12th. The shares were sold at an average price of $108.81, for a total value of $18,498,026.43. Following the sale, the chief executive officer now owns 306,138 shares of the company’s stock, valued at $33,310,875.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Ramon Laguarta sold 17,221 shares of the business’s stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $108.27, for a total transaction of $1,864,517.67. Following the completion of the sale, the chief executive officer now directly owns 142,325 shares in the company, valued at approximately $15,409,527.75. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by insiders.
PepsiCo Company Profile
PepsiCo, Inc is a food and beverage company. The Company, through its operations, bottlers, contract manufacturers and other third parties, is engaged in making, marketing, distributing and selling a range of beverages, foods and snacks, serving in over 200 countries and territories. The Company operates through six segments, namely, Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); North America Beverages (NAB); Latin America, which includes its beverage, food and snack businesses in Latin America; Europe Sub-Saharan Africa (ESSA), which includes its beverage, food and snack businesses in Europe and Sub-Saharan Africa, and Asia, Middle East and North Africa (AMENA), which includes its beverage, food and snack businesses in Asia, Middle East and North Africa.
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