Partnervest Advisory Services LLC increased its stake in PepsiCo Inc. (NYSE:PEP) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,730 shares of the company’s stock after buying an additional 216 shares during the period. PepsiCo makes up approximately 1.6% of Partnervest Advisory Services LLC’s portfolio, making the stock its 9th largest position. Partnervest Advisory Services LLC’s holdings in PepsiCo were worth $3,150,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the company. D. Scott Neal Inc. raised its stake in PepsiCo by 8.1% in the second quarter. D. Scott Neal Inc. now owns 944 shares of the company’s stock valued at $100,000 after buying an additional 71 shares in the last quarter. Piershale Financial Group Inc. raised its stake in PepsiCo by 0.4% in the second quarter. Piershale Financial Group Inc. now owns 1,005 shares of the company’s stock valued at $106,000 after buying an additional 4 shares in the last quarter. Stelac Advisory Services LLC raised its stake in PepsiCo by 13.9% in the second quarter. Stelac Advisory Services LLC now owns 1,185 shares of the company’s stock valued at $126,000 after buying an additional 145 shares in the last quarter. Cypress Capital Management LLC WY bought a new stake in PepsiCo during the second quarter valued at approximately $129,000. Finally, Gradient Investments LLC raised its stake in PepsiCo by 7.0% in the second quarter. Gradient Investments LLC now owns 1,530 shares of the company’s stock valued at $162,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 69.81% of the company’s stock.
PepsiCo Inc. (NYSE:PEP) traded down 1.26% during trading on Tuesday, hitting $106.89. The stock had a trading volume of 2,596,319 shares. The firm has a market cap of $153.30 billion, a price-to-earnings ratio of 23.45 and a beta of 0.46. The stock’s 50-day moving average is $107.18 and its 200 day moving average is $105.23. PepsiCo Inc. has a one year low of $93.25 and a one year high of $110.94.
PepsiCo (NYSE:PEP) last posted its quarterly earnings results on Thursday, September 29th. The company reported $1.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.08. PepsiCo had a return on equity of 57.14% and a net margin of 10.74%. The firm had revenue of $16 billion for the quarter. During the same quarter last year, the firm earned $1.35 earnings per share. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. Equities analysts anticipate that PepsiCo Inc. will post $4.79 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 2nd were paid a $0.7525 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $3.01 dividend on an annualized basis and a dividend yield of 2.78%. PepsiCo’s dividend payout ratio (DPR) is presently 66.01%.
Several equities research analysts have commented on the company. BMO Capital Markets restated an “outperform” rating on shares of PepsiCo in a research report on Friday, July 15th. Zacks Investment Research downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Vetr downgraded PepsiCo from a “hold” rating to a “sell” rating and set a $99.50 target price for the company. in a research note on Wednesday, June 29th. Bank of America Corp. reaffirmed a “buy” rating and set a $120.00 target price on shares of PepsiCo in a research note on Friday. Finally, Argus upped their target price on PepsiCo from $116.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, July 13th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $112.25.
In related news, CEO Albert P. Carey sold 170,003 shares of PepsiCo stock in a transaction that occurred on Tuesday, July 12th. The stock was sold at an average price of $108.81, for a total value of $18,498,026.43. Following the sale, the chief executive officer now directly owns 306,138 shares in the company, valued at $33,310,875.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Ramon Laguarta sold 17,221 shares of PepsiCo 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 sale, the chief executive officer now owns 142,325 shares in the company, valued at $15,409,527.75. The disclosure for this sale can be found here. 0.33% of the stock is owned by corporate insiders.
PepsiCo Company Profile
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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