People s United Financial Inc. lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP – Get Rating) by 9.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,645 shares of the company’s stock after selling 13,928 shares during the quarter. People s United Financial Inc.’s holdings in PepsiCo were worth $23,563,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in PEP. Global Wealth Management Investment Advisory Inc. boosted its holdings in PepsiCo by 86.9% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 200 shares of the company’s stock worth $30,000 after acquiring an additional 93 shares during the last quarter. Life Planning Partners Inc purchased a new position in shares of PepsiCo in the 4th quarter worth about $35,000. Fortis Advisors LLC purchased a new position in shares of PepsiCo in the 3rd quarter worth about $38,000. Leverty Financial Group LLC purchased a new position in shares of PepsiCo in the 4th quarter worth about $38,000. Finally, Bell Investment Advisors Inc purchased a new position in shares of PepsiCo in the 3rd quarter worth about $56,000. Institutional investors and hedge funds own 72.12% of the company’s stock.
In other news, CEO Eugene Willemsen sold 4,560 shares of the stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $175.61, for a total transaction of $800,781.60. Following the completion of the sale, the chief executive officer now owns 8,277 shares of the company’s stock, valued at $1,453,523.97. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP David Flavell sold 5,150 shares of the stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $175.11, for a total value of $901,816.50. Following the sale, the executive vice president now directly owns 28,275 shares of the company’s stock, valued at approximately $4,951,235.25. The disclosure for this sale can be found here. 0.12% of the stock is owned by corporate insiders.
Shares of PEP stock traded up $4.00 during trading on Monday, hitting $166.21. The company had a trading volume of 177,757 shares, compared to its average volume of 5,574,134. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 1.89. The stock’s 50-day moving average is $169.32 and its two-hundred day moving average is $168.38. The stock has a market capitalization of $229.82 billion, a price-to-earnings ratio of 22.35, a price-to-earnings-growth ratio of 3.20 and a beta of 0.58. PepsiCo, Inc. has a 52 week low of $144.61 and a 52 week high of $177.62.
PepsiCo (NASDAQ:PEP – Get Rating) last issued its earnings results on Tuesday, April 26th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.05. The business had revenue of $16.20 billion during the quarter, compared to analyst estimates of $15.54 billion. PepsiCo had a return on equity of 53.44% and a net margin of 12.57%. PepsiCo’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.21 earnings per share. On average, research analysts predict that PepsiCo, Inc. will post 6.64 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Friday, June 3rd will be paid a $1.15 dividend. The ex-dividend date of this dividend is Thursday, June 2nd. This represents a $4.60 annualized dividend and a yield of 2.77%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.08. PepsiCo’s dividend payout ratio is currently 58.82%.
PepsiCo Company Profile (Get Rating)
PepsiCo, Inc manufactures, markets, distributes, and sells various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.
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