Peoples Financial Services CORP. lowered its stake in Pepsico, Inc. (NYSE:PEP) by 0.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,198 shares of the company’s stock after selling 250 shares during the period. Pepsico makes up approximately 2.4% of Peoples Financial Services CORP.’s portfolio, making the stock its 7th largest position. Peoples Financial Services CORP.’s holdings in Pepsico were worth $4,180,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Asset Planning Services Ltd. raised its position in Pepsico by 66.1% in the first quarter. Asset Planning Services Ltd. now owns 1,003 shares of the company’s stock valued at $112,000 after buying an additional 399 shares in the last quarter. Patriot Financial Group Insurance Agency LLC bought a new position in shares of Pepsico during the fourth quarter worth about $125,000. Riggs Asset Managment Co. Inc. raised its position in shares of Pepsico by 14.9% in the first quarter. Riggs Asset Managment Co. Inc. now owns 1,270 shares of the company’s stock worth $142,000 after buying an additional 165 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in shares of Pepsico by 11,898.4% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 146,861 shares of the company’s stock worth $147,000 after buying an additional 145,637 shares in the last quarter. Finally, Israel Discount Bank of New York GFN bought a new position in shares of Pepsico during the fourth quarter worth about $150,000. Institutional investors and hedge funds own 70.52% of the company’s stock.
Pepsico, Inc. (NYSE PEP) traded up 0.11% during mid-day trading on Friday, reaching $116.51. 2,759,739 shares of the company’s stock were exchanged. The stock has a market cap of $166.09 billion, a P/E ratio of 24.67 and a beta of 0.67. Pepsico, Inc. has a 52 week low of $98.50 and a 52 week high of $118.24. The stock has a 50-day moving average price of $115.87 and a 200-day moving average price of $112.81.
Pepsico (NYSE:PEP) last released its quarterly earnings data on Tuesday, July 11th. The company reported $1.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.10. Pepsico had a return on equity of 59.74% and a net margin of 10.77%. The business had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $15.57 billion. During the same quarter in the previous year, the business posted $1.35 EPS. Pepsico’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, analysts forecast that Pepsico, Inc. will post $5.16 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.805 per share. This represents a $3.22 annualized dividend and a dividend yield of 2.76%. The ex-dividend date is Wednesday, August 30th. Pepsico’s dividend payout ratio (DPR) is presently 68.22%.
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A number of equities analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Pepsico from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Cowen and Company reiterated an “outperform” rating and issued a $128.00 target price on shares of Pepsico in a research report on Thursday, July 13th. Jefferies Group LLC reiterated a “buy” rating and issued a $133.00 target price (up previously from $130.00) on shares of Pepsico in a research report on Wednesday, July 12th. Credit Suisse Group increased their target price on shares of Pepsico from $124.00 to $126.00 and gave the company an “outperform” rating in a research report on Wednesday, July 12th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating on shares of Pepsico in a research report on Wednesday, July 12th. Six equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $123.40.
In other news, SVP Marie T. Gallagher sold 41,489 shares of Pepsico stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $116.77, for a total transaction of $4,844,670.53. Following the transaction, the senior vice president now owns 76,037 shares in the company, valued at approximately $8,878,840.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mehmood Khan sold 63,396 shares of Pepsico stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $116.39, for a total value of $7,378,660.44. Following the transaction, the executive vice president now owns 174,273 shares in the company, valued at approximately $20,283,634.47. The disclosure for this sale can be found here. Insiders have sold a total of 898,164 shares of company stock worth $104,585,929 in the last quarter. 0.26% of the stock is currently owned by company insiders.
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).
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