Pepsico, Inc. (PEP) Position Decreased by Thompson Investment Management Inc.
Thompson Investment Management Inc. decreased its stake in shares of Pepsico, Inc. (NYSE:PEP) by 3.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,052 shares of the company’s stock after selling 1,161 shares during the period. Thompson Investment Management Inc.’s holdings in Pepsico were worth $3,809,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in PEP. Asset Planning Services Ltd. raised its position 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 valued at $112,000 after buying an additional 399 shares during the period. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Pepsico during the fourth quarter valued at about $125,000. Riggs Asset Managment Co. Inc. raised 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. Leith Wheeler Investment Counsel Ltd. acquired a new position in shares of Pepsico during the first quarter valued at about $157,000. Finally, Israel Discount Bank of New York GFN acquired a new position in shares of Pepsico during the fourth quarter valued at about $150,000. Institutional investors and hedge funds own 70.15% of the company’s stock.
Shares of Pepsico, Inc. (NYSE PEP) traded down 0.1707% during trading on Monday, hitting $115.6522. The stock had a trading volume of 512,682 shares. The stock’s 50 day moving average price is $116.38 and its 200-day moving average price is $113.78. The stock has a market cap of $164.86 billion, a P/E ratio of 24.4922 and a beta of 0.67. Pepsico, Inc. has a one year low of $98.50 and a one year high of $119.39.
Pepsico (NYSE:PEP) last posted its quarterly earnings data on Tuesday, July 11th. The company reported $1.50 EPS for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.10. Pepsico had a net margin of 10.77% and a return on equity of 59.74%. The firm had revenue of $15.71 billion for the quarter, compared to the consensus estimate of $15.57 billion. During the same period in the prior year, the firm posted $1.35 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. Analysts expect that Pepsico, Inc. will post $5.15 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be paid 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 yield of 2.78%. Pepsico’s dividend payout ratio (DPR) is 68.22%.
A number of brokerages recently issued reports on PEP. BidaskClub lowered Pepsico from a “buy” rating to a “hold” rating in a report on Friday. Zacks Investment Research upgraded Pepsico from a “hold” rating to a “buy” rating and set a $132.00 price target for the company in a report on Tuesday, August 22nd. Royal Bank Of Canada reiterated a “hold” rating and issued a $115.00 price target on shares of Pepsico in a report on Thursday, May 25th. Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $133.00 price target (down previously from $134.00) on shares of Pepsico in a report on Thursday, July 6th. Finally, Credit Suisse Group boosted their price target on Pepsico from $124.00 to $126.00 and gave the company an “outperform” rating in a report on Wednesday, July 12th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Pepsico currently has an average rating of “Buy” and an average target price of $123.61.
In other news, Chairman Indra K. Nooyi sold 452,830 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $116.44, for a total value of $52,727,525.20. Following the transaction, the chairman now directly owns 733,315 shares in the company, valued at approximately $85,387,198.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Marie T. Gallagher sold 41,489 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $116.77, for a total transaction of $4,844,670.53. Following the completion of the transaction, the senior vice president now owns 76,037 shares in the company, valued at $8,878,840.49. The disclosure for this sale can be found here. Insiders have sold a total of 898,164 shares of company stock worth $104,585,929 over the last quarter. 0.26% of the stock is currently 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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