Harwood Advisory Group LLC decreased its stake in Pepsico, Inc. (NYSE:PEP) by 5.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,754 shares of the company’s stock after selling 927 shares during the period. Pepsico makes up 1.1% of Harwood Advisory Group LLC’s investment portfolio, making the stock its 29th largest position. Harwood Advisory Group LLC’s holdings in Pepsico were worth $2,050,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Asset Planning Services Ltd. raised its stake 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 during the last quarter. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Pepsico during the fourth quarter valued at $125,000. Riggs Asset Managment Co. Inc. increased 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 valued at $142,000 after buying an additional 165 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased 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 valued at $147,000 after buying an additional 145,637 shares during the period. Finally, Israel Discount Bank of New York GFN purchased a new position in shares of Pepsico during the fourth quarter valued at $150,000. 70.52% of the stock is owned by hedge funds and other institutional investors.
Shares of Pepsico, Inc. (NYSE:PEP) traded up 0.11% on Friday, hitting $116.51. 2,759,739 shares of the company’s stock traded hands. The company has a market cap of $166.09 billion, a price-to-earnings ratio of 24.67 and a beta of 0.67. Pepsico, Inc. has a 1-year low of $98.50 and a 1-year high of $118.24. The firm’s 50-day moving average price is $115.87 and its 200 day moving average price is $112.81.
Pepsico (NYSE:PEP) last released its quarterly earnings data on Tuesday, July 11th. The company reported $1.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.10. The firm had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $15.57 billion. Pepsico had a return on equity of 59.74% and a net margin of 10.77%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.35 earnings per share. On average, equities research analysts expect that Pepsico, Inc. will post $5.16 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be given a dividend of $0.805 per share. The ex-dividend date is Wednesday, August 30th. This represents a $3.22 annualized dividend and a dividend yield of 2.76%. Pepsico’s payout ratio is 68.22%.
Several research analysts have recently weighed in on the stock. Vetr upgraded shares of Pepsico from a “hold” rating to a “buy” rating and set a $125.54 target price for the company in a research note on Wednesday, April 26th. BidaskClub downgraded shares of Pepsico from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. Royal Bank Of Canada reiterated a “hold” rating and set a $115.00 price objective on shares of Pepsico in a research note on Thursday, May 25th. Zacks Investment Research downgraded shares of Pepsico from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Susquehanna Bancshares Inc restated a “positive” rating and issued a $133.00 price target (down from $134.00) on shares of Pepsico in a research report on Thursday, July 6th. 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. The stock has a consensus rating of “Buy” and a consensus price target of $123.40.
In other Pepsico news, CEO Indra K. Nooyi sold 340,449 shares of the business’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $116.42, for a total value of $39,635,072.58. Following the transaction, the chief executive officer now owns 733,315 shares of the company’s stock, valued at $85,372,532.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Mehmood Khan sold 63,396 shares of the business’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $116.39, for a total value of $7,378,660.44. Following the completion of the transaction, the executive vice president now directly owns 174,273 shares in the company, valued at approximately $20,283,634.47. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 898,164 shares of company stock worth $104,585,929. 0.26% of the stock is owned by insiders.
Pepsico Company Profile
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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