LVM Capital Management Ltd. MI Acquires 1,150 Shares of Pepsico, Inc. (PEP)
LVM Capital Management Ltd. MI increased its holdings in Pepsico, Inc. (NYSE:PEP) by 9.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,890 shares of the company’s stock after acquiring an additional 1,150 shares during the quarter. LVM Capital Management Ltd. MI’s holdings in Pepsico were worth $1,604,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Asset Planning Services Ltd. increased its holdings in shares of 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 acquiring an additional 399 shares during the period. Riggs Asset Managment Co. Inc. increased its holdings in shares of 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 acquiring an additional 165 shares during the period. Millie Capital Management LLC acquired a new position in shares of Pepsico in the 1st quarter valued at $202,000. Granite Investment Advisors LLC acquired a new position in shares of Pepsico in the 1st quarter valued at $204,000. Finally, Spectrum Management Group Inc. acquired a new position in shares of Pepsico in the 1st quarter valued at $205,000. 70.17% of the stock is currently owned by institutional investors and hedge funds.
Shares of Pepsico, Inc. (NYSE PEP) traded up 0.73% during midday trading on Thursday, hitting $112.32. 1,495,092 shares of the company’s stock traded hands. Pepsico, Inc. has a 52 week low of $98.50 and a 52 week high of $119.39. The company has a 50 day moving average of $113.49 and a 200 day moving average of $114.72. The stock has a market cap of $159.74 billion, a P/E ratio of 23.21 and a beta of 0.68.
Pepsico (NYSE:PEP) last issued its quarterly earnings results on Wednesday, October 4th. The company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.05. The company had revenue of $16.24 billion for the quarter, compared to analyst estimates of $16.35 billion. Pepsico had a return on equity of 59.68% and a net margin of 10.97%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the company earned $1.40 earnings per share. On average, equities analysts forecast that Pepsico, Inc. will post $5.23 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 1st were issued a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date was Wednesday, August 30th. Pepsico’s dividend payout ratio (DPR) is 66.53%.
A number of equities analysts recently weighed in on PEP shares. Royal Bank Of Canada reiterated a “hold” rating and issued a $115.00 price objective on shares of Pepsico in a research report on Friday, June 30th. BidaskClub lowered shares of Pepsico from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $133.00 price objective (down from $134.00) on shares of Pepsico in a research report on Thursday, July 6th. Jefferies Group LLC reiterated a “buy” rating and issued a $130.00 price objective (up from $127.00) on shares of Pepsico in a research report on Thursday, July 6th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating on shares of Pepsico in a research report on Wednesday, July 12th. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $121.80.
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In other news, EVP Mehmood Khan sold 63,396 shares of the firm’s stock in a transaction 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 directly owns 174,273 shares of the company’s stock, valued at $20,283,634.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Marie T. Gallagher sold 41,489 shares of the firm’s stock in a transaction on 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 directly 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 898,164 shares of company stock worth $104,585,929 over the last three months. Corporate 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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