BNP Paribas Arbitrage SA decreased its stake in PepsiCo Inc. (NYSE:PEP) by 13.5% during the second quarter, Holdings Channel reports. The fund owned 990,188 shares of the company’s stock after selling 153,882 shares during the period. BNP Paribas Arbitrage SA’s holdings in PepsiCo were worth $104,901,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the company. Tiemann Investment Advisors LLC acquired a new position in PepsiCo during the first quarter valued at about $200,000. BTC Capital Management Inc. acquired a new position in PepsiCo during the first quarter valued at about $224,000. Clarius Group LLC boosted its position in PepsiCo by 8.1% in the first quarter. Clarius Group LLC now owns 2,345 shares of the company’s stock valued at $240,000 after buying an additional 175 shares during the last quarter. IMS Capital Management boosted its position in PepsiCo by 11.6% in the first quarter. IMS Capital Management now owns 2,444 shares of the company’s stock valued at $250,000 after buying an additional 254 shares during the last quarter. Finally, Sadoff Investment Management LLC boosted its position in PepsiCo by 3.3% in the first quarter. Sadoff Investment Management LLC now owns 2,531 shares of the company’s stock valued at $259,000 after buying an additional 80 shares during the last quarter. Institutional investors own 69.81% of the company’s stock.
Shares of PepsiCo Inc. (NYSE:PEP) traded up 0.94% during mid-day trading on Friday, reaching $108.77. The company had a trading volume of 7,173,287 shares. PepsiCo Inc. has a 52-week low of $93.25 and a 52-week high of $110.94. The stock has a market capitalization of $156.54 billion, a P/E ratio of 30.73 and a beta of 0.48. The company’s 50-day moving average is $107.19 and its 200 day moving average is $105.12.
PepsiCo (NYSE:PEP) last posted its quarterly earnings data on Thursday, September 29th. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.08. PepsiCo had a net margin of 8.34% and a return on equity of 54.91%. The firm earned $16 billion during the quarter. During the same period in the prior year, the business posted $1.35 EPS. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. Analysts anticipate that PepsiCo Inc. will post $4.79 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 2nd were paid a $0.7525 dividend. This represents a $3.01 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date was Wednesday, August 31st. PepsiCo’s dividend payout ratio is 84.79%.
PEP has been the topic of a number of research reports. BMO Capital Markets restated an “outperform” rating on shares of PepsiCo in a report on Friday, July 15th. Zacks Investment Research cut PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. Vetr cut PepsiCo from a “hold” rating to a “sell” rating and set a $99.50 price target on the stock. in a report on Wednesday, June 29th. Bank of America Corp. restated a “buy” rating and issued a $120.00 price target on shares of PepsiCo in a report on Friday. Finally, Argus upped 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. One analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $111.39.
In related news, SVP Marie T. Gallagher sold 13,586 shares of the firm’s stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $109.01, for a total value of $1,481,009.86. Following the completion of the transaction, the senior vice president now owns 58,183 shares of the company’s stock, valued at approximately $6,342,528.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Laxman Narasimhan sold 3,219 shares of the firm’s stock in a transaction that occurred on Wednesday, July 13th. The stock was sold at an average price of $109.11, for a total transaction of $351,225.09. Following the completion of the transaction, the chief executive officer now directly owns 97,057 shares of the company’s stock, valued at approximately $10,589,889.27. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by corporate insiders.
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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