Grand Jean Capital Management Inc. decreased its position in PepsiCo, Inc. (NASDAQ:PEP) by 3.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 66,263 shares of the company’s stock after selling 2,035 shares during the period. PepsiCo comprises approximately 3.5% of Grand Jean Capital Management Inc.’s portfolio, making the stock its 15th biggest holding. Grand Jean Capital Management Inc.’s holdings in PepsiCo were worth $8,689,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of PEP. BlackRock Inc. boosted its stake in shares of PepsiCo by 1.4% during the second quarter. BlackRock Inc. now owns 102,361,480 shares of the company’s stock valued at $13,422,659,000 after acquiring an additional 1,413,723 shares during the last quarter. Northern Trust Corp boosted its stake in shares of PepsiCo by 0.7% during the second quarter. Northern Trust Corp now owns 20,818,749 shares of the company’s stock valued at $2,729,962,000 after acquiring an additional 143,784 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of PepsiCo by 1.9% during the second quarter. Bank of New York Mellon Corp now owns 19,884,685 shares of the company’s stock valued at $2,607,480,000 after acquiring an additional 378,960 shares during the last quarter. FMR LLC lifted its position in PepsiCo by 0.8% during the first quarter. FMR LLC now owns 10,952,213 shares of the company’s stock worth $1,342,194,000 after buying an additional 84,974 shares during the period. Finally, Magellan Asset Management Ltd lifted its position in PepsiCo by 0.4% during the second quarter. Magellan Asset Management Ltd now owns 8,221,813 shares of the company’s stock worth $1,078,126,000 after buying an additional 30,012 shares during the period. 71.51% of the stock is currently owned by institutional investors.

Shares of PepsiCo stock traded down $0.99 during trading hours on Friday, reaching $136.30. The stock had a trading volume of 557,387 shares, compared to its average volume of 3,696,356. The firm has a 50 day simple moving average of $132.01 and a two-hundred day simple moving average of $127.77. The firm has a market capitalization of $189.96 billion, a price-to-earnings ratio of 24.08, a P/E/G ratio of 3.53 and a beta of 0.56. The company has a current ratio of 0.86, a quick ratio of 0.66 and a debt-to-equity ratio of 1.97. PepsiCo, Inc. has a 1 year low of $104.53 and a 1 year high of $139.18.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, July 9th. The company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.05. The company had revenue of $16.45 billion for the quarter, compared to the consensus estimate of $16.44 billion. PepsiCo had a return on equity of 59.50% and a net margin of 19.59%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period last year, the business posted $1.61 EPS. Sell-side analysts forecast that PepsiCo, Inc. will post 5.51 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be issued a $0.955 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $3.82 dividend on an annualized basis and a dividend yield of 2.80%. PepsiCo’s dividend payout ratio (DPR) is 67.49%.

In other news, CEO Steven C. Williams sold 2,420 shares of the stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $133.95, for a total value of $324,159.00. Following the completion of the sale, the chief executive officer now owns 54,920 shares in the company, valued at $7,356,534. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Kirk Tanner sold 9,573 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $128.15, for a total value of $1,226,779.95. Following the completion of the sale, the chief executive officer now owns 105,350 shares of the company’s stock, valued at approximately $13,500,602.50. The disclosure for this sale can be found here. Company insiders own 0.28% of the company’s stock.

Several research firms recently weighed in on PEP. BidaskClub upgraded PepsiCo from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. Atlantic Securities began coverage on PepsiCo in a research report on Monday, July 29th. They set an “overweight” rating and a $145.00 target price on the stock. BMO Capital Markets reiterated an “average” rating and set a $128.00 target price on shares of PepsiCo in a research report on Wednesday, July 10th. UBS Group increased their target price on PepsiCo from $130.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Finally, SunTrust Banks reiterated a “hold” rating and set a $125.00 target price on shares of PepsiCo in a research report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $130.50.

About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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