Mogy Joel R Investment Counsel Inc. decreased its stake in shares of PepsiCo Inc. (NYSE:PEP) by 1.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,383 shares of the company’s stock after selling 1,980 shares during the period. PepsiCo accounts for approximately 2.4% of Mogy Joel R Investment Counsel Inc.’s portfolio, making the stock its 13th largest position. Mogy Joel R Investment Counsel Inc.’s holdings in PepsiCo were worth $12,859,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently made changes to their positions in PEP. D. Scott Neal Inc. increased its stake in shares of PepsiCo by 8.1% in the second quarter. D. Scott Neal Inc. now owns 944 shares of the company’s stock worth $100,000 after buying an additional 71 shares during the last quarter. Piershale Financial Group Inc. increased its stake in shares of PepsiCo by 0.4% in the second quarter. Piershale Financial Group Inc. now owns 1,005 shares of the company’s stock worth $106,000 after buying an additional 4 shares during the last quarter. Stelac Advisory Services LLC increased its stake in shares of PepsiCo by 13.9% in the second quarter. Stelac Advisory Services LLC now owns 1,185 shares of the company’s stock worth $126,000 after buying an additional 145 shares during the last quarter. Cypress Capital Management LLC WY bought a new stake in shares of PepsiCo during the second quarter worth $129,000. Finally, Gradient Investments LLC increased its stake in shares of PepsiCo by 7.0% in the second quarter. Gradient Investments LLC now owns 1,530 shares of the company’s stock worth $162,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 69.81% of the company’s stock.
Shares of PepsiCo Inc. (NYSE:PEP) traded up 0.43% during trading on Tuesday, hitting $107.49. The stock had a trading volume of 2,631,994 shares. The company has a market cap of $154.69 billion, a PE ratio of 30.37 and a beta of 0.48. The stock’s 50 day moving average is $107.26 and its 200-day moving average is $104.98. PepsiCo Inc. has a 12-month low of $92.31 and a 12-month high of $110.94.
PepsiCo (NYSE:PEP) last issued its earnings results on Thursday, July 7th. The company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.05. The business earned $15.40 billion during the quarter. PepsiCo had a return on equity of 54.91% and a net margin of 8.34%. The business’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period last year, the company posted $1.32 earnings per share. Analysts forecast that PepsiCo Inc. will post $4.76 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 2nd will be paid a dividend of $0.7525 per share. This represents a $3.01 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Wednesday, August 31st. PepsiCo’s dividend payout ratio (DPR) is 84.79%.
PEP has been the topic of a number of recent research reports. Vetr raised PepsiCo from a “hold” rating to a “buy” rating and set a $112.11 price objective on the stock in a research report on Wednesday, September 7th. Argus raised their price target on PepsiCo from $116.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, July 13th. Zacks Investment Research downgraded PepsiCo from a “hold” rating to a “sell” rating in a report on Wednesday, September 7th. Jefferies Group reissued a “buy” rating and issued a $119.00 price target on shares of PepsiCo in a report on Wednesday, June 29th. Finally, Credit Suisse Group AG started coverage on PepsiCo in a report on Thursday, September 15th. They issued an “outperform” rating and a $121.00 price target for the company. One analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $111.34.
In related news, EVP Mehmood Khan sold 51,137 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $107.30, for a total value of $5,487,000.10. Following the completion of the transaction, the executive vice president now directly owns 164,464 shares of the company’s stock, valued at approximately $17,646,987.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ramon Laguarta sold 17,221 shares of the firm’s stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $108.27, for a total value of $1,864,517.67. Following the completion of the transaction, the chief executive officer now directly owns 142,325 shares of the company’s stock, valued at $15,409,527.75. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.
PepsiCo, Inc is a food and beverage company. The Company, through its operations, bottlers, contract manufacturers and other third parties, is engaged in making, marketing, distributing and selling a range of beverages, foods and snacks, serving in over 200 countries and territories. The Company operates through six segments, namely, Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); North America Beverages (NAB); Latin America, which includes its beverage, food and snack businesses in Latin America; Europe Sub-Saharan Africa (ESSA), which includes its beverage, food and snack businesses in Europe and Sub-Saharan Africa, and Asia, Middle East and North Africa (AMENA), which includes its beverage, food and snack businesses in Asia, Middle East and North Africa.
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