Boyd Watterson Asset Management LLC OH decreased its stake in Pepsico, Inc. (NYSE:PEP) by 6.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,677 shares of the company’s stock after selling 930 shares during the quarter. Boyd Watterson Asset Management LLC OH’s holdings in Pepsico were worth $1,580,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Asset Planning Services Ltd. raised its position in Pepsico by 66.1% in the 1st quarter. Asset Planning Services Ltd. now owns 1,003 shares of the company’s stock valued at $112,000 after purchasing an additional 399 shares during the last quarter. Riggs Asset Managment Co. Inc. raised its position in Pepsico by 14.9% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 1,270 shares of the company’s stock valued at $142,000 after purchasing an additional 165 shares during the last quarter. Millie Capital Management LLC bought a new position in Pepsico in the 1st quarter valued at $202,000. Granite Investment Advisors LLC bought a new position in Pepsico in the 1st quarter valued at $204,000. Finally, Spectrum Management Group Inc. bought a new position in Pepsico in the 1st quarter valued at $205,000. 70.17% of the stock is currently owned by institutional investors and hedge funds.
Pepsico, Inc. (PEP) traded up 0.73% during midday trading on Thursday, reaching $112.32. The company had a trading volume of 1,495,092 shares. Pepsico, Inc. has a 12-month low of $98.50 and a 12-month high of $119.39. The stock has a 50-day moving average price of $113.49 and a 200 day moving average price of $114.72. The company has a market capitalization of $159.74 billion, a PE ratio of 23.21 and a beta of 0.68.
Pepsico (NYSE:PEP) last posted its quarterly earnings data on Wednesday, October 4th. The company reported $1.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.05. Pepsico had a return on equity of 59.68% and a net margin of 10.97%. The firm had revenue of $16.24 billion during the quarter, compared to analyst estimates of $16.35 billion. During the same period last year, the company posted $1.40 EPS. The business’s quarterly revenue was up 1.3% on a year-over-year basis. Equities analysts forecast that Pepsico, Inc. will post $5.23 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 1st were given a $0.805 dividend. This represents a $3.22 annualized dividend and a dividend yield of 2.89%. The ex-dividend date was Wednesday, August 30th. Pepsico’s dividend payout ratio (DPR) is presently 66.53%.
Several equities analysts have issued reports on the company. Zacks Investment Research downgraded Pepsico from a “buy” rating to a “hold” rating in a research report on Monday, September 4th. Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $133.00 price objective (down previously from $134.00) on shares of Pepsico in a research report on Thursday, July 6th. BidaskClub upgraded Pepsico from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. BMO Capital Markets reiterated a “hold” rating and issued a $120.00 price objective on shares of Pepsico in a research report on Wednesday, September 6th. Finally, Cowen and Company reiterated a “buy” rating on shares of Pepsico in a research report on Sunday, September 17th. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Pepsico currently has a consensus rating of “Buy” and a consensus target price of $121.80.
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 value of $4,844,670.53. Following the completion of the transaction, the senior vice president now directly owns 76,037 shares of the company’s stock, valued at approximately $8,878,840.49. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $7,378,660.44. Following the completion of the transaction, the executive vice president now directly owns 174,273 shares of the company’s stock, valued at $20,283,634.47. The disclosure for this sale can be found here. Over the last three months, insiders sold 898,164 shares of company stock valued at $104,585,929. Corporate 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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