Buffington Mohr McNeal raised its position in PepsiCo Inc. (NYSE:PEP) by 1.3% during the second quarter, Holdings Channel reports. The firm owned 18,381 shares of the company’s stock after buying an additional 235 shares during the period. Buffington Mohr McNeal’s holdings in PepsiCo were worth $1,947,000 as of its most recent filing with the SEC.
Several other institutional investors have also added to or reduced their stakes in the company. V Wealth Management LLC purchased a new position in shares of PepsiCo during the first quarter worth approximately $669,000. Private Trust Co. NA raised its position in shares of PepsiCo by 44.6% in the first quarter. Private Trust Co. NA now owns 40,084 shares of the company’s stock worth $4,107,000 after buying an additional 12,367 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in shares of PepsiCo during the first quarter worth approximately $820,000. Country Trust Bank raised its position in shares of PepsiCo by 6,954.5% in the first quarter. Country Trust Bank now owns 83,032 shares of the company’s stock worth $8,509,000 after buying an additional 81,855 shares during the last quarter. Finally, Woodley Farra Manion Portfolio Management Inc. raised its position in shares of PepsiCo by 1.4% in the first quarter. Woodley Farra Manion Portfolio Management Inc. now owns 227,660 shares of the company’s stock worth $23,331,000 after buying an additional 3,092 shares during the last quarter. 69.81% of the stock is owned by hedge funds and other institutional investors.
PepsiCo Inc. (NYSE:PEP) traded down 0.39% on Friday, reaching $105.98. 2,125,336 shares of the company’s stock were exchanged. The firm has a market capitalization of $151.99 billion, a price-to-earnings ratio of 23.25 and a beta of 0.46. The firm has a 50-day moving average of $107.02 and a 200-day moving average of $105.28. PepsiCo Inc. has a 12 month low of $93.25 and a 12 month high of $110.94.
PepsiCo (NYSE:PEP) last posted its quarterly earnings data on Thursday, September 29th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.08. The business earned $16 billion during the quarter. PepsiCo had a net margin of 10.74% and a return on equity of 56.16%. PepsiCo’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.35 earnings per share. On average, equities analysts expect that PepsiCo Inc. will post $4.79 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 2nd were paid a dividend of $0.7525 per share. This represents a $3.01 annualized dividend and a yield of 2.83%. The ex-dividend date was Wednesday, August 31st. PepsiCo’s payout ratio is currently 66.01%.
A number of equities research analysts have issued reports 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 report on Wednesday, July 13th. Argus upped their price objective on PepsiCo from $116.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, July 13th. Morgan Stanley restated an “overweight” rating and set a $121.00 price objective on shares of PepsiCo in a research report on Friday, September 30th. Finally, Deutsche Bank AG restated a “buy” rating and set a $120.00 price objective on shares of PepsiCo in a research report on Monday. One analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $112.46.
In related news, CEO Laxman Narasimhan sold 3,219 shares of the company’s stock in a transaction on Wednesday, July 13th. The shares were 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 in the company, valued at approximately $10,589,889.27. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mehmood Khan sold 51,137 shares of the company’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $107.30, for a total transaction of $5,487,000.10. Following the transaction, the executive vice president now owns 164,464 shares of the company’s stock, valued at $17,646,987.20. The disclosure for this sale can be found here. Corporate 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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