Rainier Group Investment Advisory LLC increased its position in shares of Pepsico, Inc. (NYSE:PEP) by 3.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,965 shares of the company’s stock after buying an additional 109 shares during the period. Rainier Group Investment Advisory LLC’s holdings in Pepsico were worth $332,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in PEP. Asset Planning Services Ltd. raised its stake in shares of Pepsico by 66.1% in the first quarter. Asset Planning Services Ltd. now owns 1,003 shares of the company’s stock worth $112,000 after buying an additional 399 shares during the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Pepsico during the fourth quarter worth approximately $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 worth $142,000 after buying an additional 165 shares during the last quarter. 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 worth $147,000 after buying an additional 145,637 shares during the last quarter. Finally, Israel Discount Bank of New York GFN purchased a new stake in Pepsico during the fourth quarter worth $150,000. Institutional investors and hedge funds own 70.19% of the company’s stock.
Pepsico, Inc. (NYSE PEP) traded down 0.67% during trading on Friday, reaching $117.60. 3,776,515 shares of the company’s stock traded hands. The company has a 50-day moving average of $116.16 and a 200 day moving average of $113.32. The stock has a market capitalization of $167.64 billion, a P/E ratio of 24.90 and a beta of 0.67. Pepsico, Inc. has a 12 month low of $98.50 and a 12 month high of $119.39. Pepsico also was the recipient of unusually large options trading on Wednesday. Stock investors purchased 1,176 call options on the company. This represents an increase of approximately 536% compared to the average volume of 185 call options.
Pepsico (NYSE:PEP) last issued its earnings results on Tuesday, July 11th. The company reported $1.50 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $15.57 billion. During the same quarter last year, the business earned $1.35 earnings per share. The company’s revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts expect that Pepsico, Inc. will post $5.16 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Wednesday, August 30th. Pepsico’s dividend payout ratio (DPR) is currently 68.22%.
PEP has been the topic of a number of recent analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $127.00 target price on shares of Pepsico in a research report on Friday, May 19th. Credit Suisse Group reaffirmed a “buy” rating on shares of Pepsico in a research report on Thursday, April 27th. BMO Capital Markets reissued a “buy” rating and set a $115.00 price objective on shares of Pepsico in a report on Thursday, April 27th. 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. Finally, Zacks Investment Research upgraded shares of Pepsico from a “hold” rating to a “buy” rating and set a $129.00 target price for the company in a research note on Friday, July 14th. Five investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Pepsico presently has a consensus rating of “Buy” and a consensus price target of $123.40.
In other news, EVP Mehmood Khan sold 63,396 shares of Pepsico stock in a transaction dated 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 approximately $20,283,634.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Marie T. Gallagher sold 41,489 shares of Pepsico stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $116.77, for a total value 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 898,164 shares of company stock worth $104,585,929. Company insiders own 0.26% of the company’s stock.
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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