Symons Capital Management Inc. decreased its stake in shares of PepsiCo Inc. (NYSE:PEP) by 55.6% during the second quarter, Holdings Channel reports. The fund owned 69,517 shares of the company’s stock after selling 87,047 shares during the period. PepsiCo makes up 1.7% of Symons Capital Management Inc.’s holdings, making the stock its 25th largest position. Symons Capital Management Inc.’s holdings in PepsiCo were worth $7,365,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the stock. D. Scott Neal Inc. boosted its position in shares of PepsiCo by 8.1% in the second quarter. D. Scott Neal Inc. now owns 944 shares of the company’s stock worth $100,000 after buying an additional 71 shares during the last quarter. Piershale Financial Group Inc. boosted its position in shares of PepsiCo by 0.4% in the second quarter. Piershale Financial Group Inc. now owns 1,005 shares of the company’s stock worth $106,000 after buying an additional 4 shares during the last quarter. Stelac Advisory Services LLC boosted its position in shares of PepsiCo by 13.9% in the second quarter. Stelac Advisory Services LLC now owns 1,185 shares of the company’s stock worth $126,000 after buying an additional 145 shares during the last quarter. Cypress Capital Management LLC WY acquired a new position in shares of PepsiCo during the second quarter worth approximately $129,000. Finally, Gradient Investments LLC boosted its position in shares of PepsiCo by 7.0% in the second quarter. Gradient Investments LLC now owns 1,530 shares of the company’s stock worth $162,000 after buying an additional 100 shares during the last quarter. 69.81% of the stock is owned by institutional investors.
Shares of PepsiCo Inc. (NYSE:PEP) traded up 0.94% on Friday, hitting $108.77. 7,173,287 shares of the stock were exchanged. The company’s 50 day moving average is $107.19 and its 200-day moving average is $105.12. The stock has a market cap of $156.54 billion, a PE ratio of 30.73 and a beta of 0.48. PepsiCo Inc. has a 52-week low of $93.25 and a 52-week high of $110.94.
PepsiCo (NYSE:PEP) last announced its earnings results on Thursday, September 29th. The company reported $1.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.08. The company earned $16 billion during the quarter. PepsiCo had a net margin of 8.34% and a return on equity of 54.91%. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period last year, the business earned $1.35 EPS. Analysts predict that PepsiCo Inc. will post $4.77 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 2nd were paid a dividend of $0.7525 per share. This represents a $3.01 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend was Wednesday, August 31st. PepsiCo’s dividend payout ratio (DPR) is presently 84.79%.
PEP has been the subject of several analyst reports. Susquehanna restated a “neutral” rating on shares of PepsiCo in a report on Tuesday, June 14th. Zacks Investment Research upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $116.00 target price for the company in a report on Tuesday, June 21st. Goldman Sachs Group Inc. restated a “neutral” rating and issued a $104.00 target price (down previously from $105.00) on shares of PepsiCo in a report on Wednesday, June 29th. Jefferies Group restated a “buy” rating and issued a $119.00 target price on shares of PepsiCo in a report on Wednesday, June 29th. Finally, Vetr lowered shares of PepsiCo from a “hold” rating to a “sell” rating and set a $99.50 target price for the company. 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 company. The company currently has an average rating of “Buy” and an average price target of $111.39.
In other PepsiCo news, CEO Albert P. Carey sold 170,003 shares of the stock in a transaction dated Tuesday, July 12th. The shares were sold at an average price of $108.81, for a total transaction of $18,498,026.43. Following the completion of the transaction, the chief executive officer now owns 306,138 shares of the company’s stock, valued at $33,310,875.78. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mehmood Khan sold 51,137 shares of the stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $107.30, for a total transaction of $5,487,000.10. Following the transaction, the executive vice president now directly owns 164,464 shares of the company’s stock, valued at approximately $17,646,987.20. The disclosure for this sale can be found here. Company insiders own 0.33% of the company’s stock.
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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