GHP Investment Advisors Inc. increased its stake in PepsiCo Inc. (NYSE:PEP) by 6.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,771 shares of the company’s stock after buying an additional 1,837 shares during the period. PepsiCo comprises 0.7% of GHP Investment Advisors Inc.’s holdings, making the stock its 26th largest position. GHP Investment Advisors Inc.’s holdings in PepsiCo were worth $3,366,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of PEP. D. Scott Neal Inc. raised its stake in PepsiCo by 8.1% in the second quarter. D. Scott Neal Inc. now owns 944 shares of the company’s stock valued at $100,000 after buying an additional 71 shares during the period. Piershale Financial Group Inc. raised its stake in PepsiCo by 0.4% in the second quarter. Piershale Financial Group Inc. now owns 1,005 shares of the company’s stock valued at $106,000 after buying an additional 4 shares during the period. Stelac Advisory Services LLC raised its stake in PepsiCo by 13.9% in the second quarter. Stelac Advisory Services LLC now owns 1,185 shares of the company’s stock valued at $126,000 after buying an additional 145 shares during the period. Cypress Capital Management LLC WY bought a new stake in PepsiCo during the second quarter valued at $129,000. Finally, Gradient Investments LLC raised its stake in PepsiCo by 7.0% in the second quarter. Gradient Investments LLC now owns 1,530 shares of the company’s stock valued at $162,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 69.81% of the company’s stock.
PepsiCo Inc. (NYSE:PEP) traded down 0.210% during mid-day trading on Monday, hitting $107.115. The stock had a trading volume of 3,150,952 shares. The firm has a market capitalization of $154.16 billion, a price-to-earnings ratio of 30.267 and a beta of 0.48. PepsiCo Inc. has a one year low of $92.20 and a one year high of $110.94. The stock’s 50 day moving average price is $107.31 and its 200 day moving average price is $104.87.
PepsiCo (NYSE:PEP) last posted its quarterly earnings results on Thursday, July 7th. The company reported $1.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.05. The firm earned $15.40 billion during the quarter. PepsiCo had a return on equity of 54.91% and a net margin of 8.34%. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.32 earnings per share. Analysts forecast that PepsiCo Inc. will post $4.76 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 2nd will be paid a $0.7525 dividend. The ex-dividend date is Wednesday, August 31st. This represents a $3.01 dividend on an annualized basis and a yield of 2.82%. PepsiCo’s dividend payout ratio is 84.79%.
Several equities research analysts recently weighed in on the company. Vetr lowered PepsiCo from a “buy” rating to a “hold” rating and set a $104.63 target price for the company. in a report on Wednesday, June 1st. Zacks Investment Research lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. Sanford C. Bernstein restated an “outperform” rating and issued a $118.00 target price on shares of PepsiCo in a report on Wednesday, August 10th. BMO Capital Markets restated an “outperform” rating on shares of PepsiCo in a report on Friday, July 15th. Finally, Credit Agricole SA restated an “outperform” rating on shares of PepsiCo in a report on Monday, August 22nd. 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 company. The stock currently has a consensus rating of “Buy” and a consensus target price of $111.34.
In other PepsiCo news, EVP Mehmood Khan sold 51,137 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $107.30, for a total value of $5,487,000.10. Following the completion of the transaction, the executive vice president now directly owns 164,464 shares in the company, valued at $17,646,987.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Marie T. Gallagher sold 13,586 shares of the firm’s stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $109.01, for a total value of $1,481,009.86. Following the completion of the transaction, the senior vice president now owns 58,183 shares of the company’s stock, valued at $6,342,528.83. The disclosure for this sale can be found here. 0.33% of the stock is owned by company insiders.
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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