TD Asset Management Inc. raised its stake in PepsiCo Inc. (NYSE:PEP) by 1.2% during the second quarter, according to its most recent filing with the SEC. The fund owned 3,163,870 shares of the company’s stock after buying an additional 38,982 shares during the period. TD Asset Management Inc. owned approximately 0.22% of PepsiCo worth $335,180,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. D. Scott Neal Inc. boosted its position 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 position 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 during the last quarter. Stelac Advisory Services LLC raised its position 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 during the last quarter. Cypress Capital Management LLC WY bought a new position in PepsiCo during the second quarter valued at $129,000. Finally, Gradient Investments LLC raised its position 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 during the last quarter. Institutional investors own 69.81% of the company’s stock.
Shares of PepsiCo Inc. (NYSE:PEP) traded down 0.39% on Friday, hitting $105.99. The stock had a trading volume of 4,398,433 shares. PepsiCo Inc. has a 52 week low of $93.25 and a 52 week high of $110.94. The company has a 50-day moving average of $106.96 and a 200 day moving average of $105.32. The company has a market capitalization of $152.01 billion, a price-to-earnings ratio of 23.25 and a beta of 0.46.
PepsiCo (NYSE:PEP) last announced its quarterly earnings data on Thursday, September 29th. The company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.08. The company had revenue of $16 billion for the quarter. PepsiCo had a return on equity of 56.16% and a net margin of 10.74%. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.35 earnings per share. On average, equities research analysts predict that PepsiCo Inc. will post $4.79 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 2nd were paid a $0.7525 dividend. This represents a $3.01 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date was Wednesday, August 31st. PepsiCo’s dividend payout ratio is 66.01%.
A number of equities research analysts have recently commented on the company. Vetr lowered PepsiCo from a “hold” rating to a “sell” rating and set a $99.50 price target on the stock. in a research report on Wednesday, June 29th. Argus raised their price target on PepsiCo from $116.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, July 13th. BMO Capital Markets reaffirmed an “outperform” rating on shares of PepsiCo in a research report on Friday, July 15th. Jefferies Group reaffirmed a “buy” rating and set a $122.00 price target (down previously from $124.00) on shares of PepsiCo in a research report on Friday, September 30th. Finally, Zacks Investment Research raised PepsiCo from a “hold” rating to a “buy” rating and set a $116.00 price target on the stock in a research report on Tuesday, June 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $113.68.
In other news, CEO Albert P. Carey sold 170,003 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 306,138 shares of the company’s stock, valued at approximately $33,310,875.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ramon Laguarta sold 17,221 shares of the business’s stock in a transaction dated 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 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 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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