Rothschild Asset Management Inc. lowered its stake in shares of PepsiCo Inc. (NYSE:PEP) by 0.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 525,739 shares of the company’s stock after selling 62 shares during the period. PepsiCo makes up 1.0% of Rothschild Asset Management Inc.’s portfolio, making the stock its 9th largest position. Rothschild Asset Management Inc.’s holdings in PepsiCo were worth $55,697,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. Cypress Capital Management LLC WY acquired a new stake in PepsiCo during the second quarter valued at about $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 in the last quarter. 69.81% of the stock is owned by hedge funds and other institutional investors.
Shares of PepsiCo Inc. (NYSE:PEP) traded up 0.64% on Thursday, reaching $107.82. The company had a trading volume of 3,869,353 shares. PepsiCo Inc. has a one year low of $91.45 and a one year high of $110.94. The company’s 50-day moving average is $107.34 and its 200-day moving average is $104.79. The company has a market capitalization of $155.17 billion, a PE ratio of 30.47 and a beta of 0.48.
PepsiCo (NYSE:PEP) last issued its earnings results on Thursday, July 7th. The company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.05. PepsiCo had a net margin of 8.34% and a return on equity of 54.91%. The business had revenue of $15.40 billion for the quarter. During the same period in the previous year, the firm earned $1.32 EPS. The company’s revenue was down 3.3% compared to the same quarter last year. Equities research analysts predict that PepsiCo Inc. will post $4.76 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 2nd will be issued a $0.7525 dividend. The ex-dividend date is Wednesday, August 31st. This represents a $3.01 annualized dividend and a dividend yield of 2.79%. PepsiCo’s payout ratio is currently 84.79%.
A number of equities analysts have recently weighed in on PEP shares. Zacks Investment Research lowered PepsiCo from a “hold” rating to a “sell” rating in a research note on Thursday. Bank of America Corp. reiterated a “buy” rating and set a $120.00 target price on shares of PepsiCo in a research note on Thursday. Vetr lowered PepsiCo from a “hold” rating to a “sell” rating and set a $99.50 target price on the stock. in a research note on Wednesday, June 29th. BMO Capital Markets reiterated an “outperform” rating on shares of PepsiCo in a research note on Friday, July 15th. Finally, Argus increased their target price on PepsiCo from $116.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, July 13th. 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. PepsiCo currently has a consensus rating of “Buy” and an average target price of $111.34.
In other news, EVP Mehmood Khan sold 51,137 shares of the company’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $107.30, for a total value of $5,487,000.10. Following the transaction, the executive vice president now owns 164,464 shares of the company’s stock, valued at $17,646,987.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Laxman Narasimhan sold 3,219 shares of the company’s stock in a transaction on Wednesday, July 13th. The stock was sold at an average price of $109.11, for a total transaction of $351,225.09. Following the completion of the transaction, the chief executive officer now directly owns 97,057 shares in the company, valued at approximately $10,589,889.27. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by 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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