KAMES CAPITAL plc reduced its stake in shares of Pepsico, Inc. (NYSE:PEP) by 1.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,471 shares of the company’s stock after selling 118 shares during the period. KAMES CAPITAL plc’s holdings in Pepsico were worth $836,000 as of its most recent filing with the SEC.
Several other large investors have also bought and sold shares of the stock. Stellar Capital Management LLC acquired a new stake in Pepsico during the fourth quarter valued at approximately $481,000. Leith Wheeler Investment Counsel Ltd. acquired a new stake in Pepsico during the first quarter valued at approximately $157,000. Cigna Investments Inc. New acquired a new stake in Pepsico during the fourth quarter valued at approximately $7,843,000. Norges Bank acquired a new stake in Pepsico during the fourth quarter valued at approximately $1,492,411,000. Finally, AE Wealth Management LLC acquired a new stake in Pepsico during the fourth quarter valued at approximately $544,000. Institutional investors and hedge funds own 70.19% of the company’s stock.
Pepsico, Inc. (PEP) traded down 0.67% during mid-day trading on Friday, reaching $117.60. 3,776,515 shares of the company’s stock traded hands. The stock’s 50 day moving average is $116.16 and its 200-day moving average is $113.32. Pepsico, Inc. has a 52 week low of $98.50 and a 52 week high of $119.39. The stock has a market capitalization of $167.64 billion, a PE ratio of 24.90 and a beta of 0.67. Pepsico also saw unusually large options trading activity on Wednesday. Stock traders acquired 1,176 call options on the company. This is an increase of approximately 536% compared to the typical daily volume of 185 call options.
Pepsico (NYSE:PEP) last released its quarterly earnings data on Tuesday, July 11th. The company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.10. The company had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $15.57 billion. Pepsico had a net margin of 10.77% and a return on equity of 59.74%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the company earned $1.35 earnings per share. On average, equities analysts anticipate that Pepsico, Inc. will post $5.16 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be given a dividend of $0.805 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.74%. Pepsico’s dividend payout ratio (DPR) is presently 68.22%.
Several equities research analysts have recently commented on PEP shares. Jefferies Group LLC restated a “buy” rating and issued a $130.00 price target (up previously from $127.00) on shares of Pepsico in a report on Thursday, July 6th. Vetr upgraded shares of Pepsico from a “hold” rating to a “buy” rating and set a $125.54 price objective for the company in a research note on Wednesday, April 26th. Credit Suisse Group reiterated a “buy” rating on shares of Pepsico in a research note on Thursday, April 27th. BMO Capital Markets reiterated a “buy” rating and set a $115.00 price objective on shares of Pepsico in a research note on Thursday, April 27th. Finally, Susquehanna Bancshares Inc reiterated a “positive” rating and set a $134.00 price objective (up previously from $132.00) on shares of Pepsico in a research note on Monday, May 1st. Five research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $123.40.
In other news, SVP Marie T. Gallagher sold 41,489 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were 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 directly owns 76,037 shares in the company, valued at $8,878,840.49. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Mehmood Khan sold 63,396 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $116.39, for a total transaction of $7,378,660.44. Following the transaction, the executive vice president now owns 174,273 shares in the company, valued at $20,283,634.47. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 898,164 shares of company stock worth $104,585,929. Insiders own 0.26% of the company’s stock.
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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