First Quadrant L P CA decreased its position in PepsiCo Inc. (NYSE:PEP) by 83.2% during the second quarter, Holdings Channel reports. The firm owned 74,686 shares of the company’s stock after selling 368,610 shares during the period. First Quadrant L P CA’s holdings in PepsiCo were worth $7,912,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in PEP. BlackRock Fund Advisors increased its stake in PepsiCo by 2.8% in the first quarter. BlackRock Fund Advisors now owns 20,058,028 shares of the company’s stock worth $2,055,547,000 after buying an additional 543,183 shares during the period. Credit Agricole S A increased its stake in PepsiCo by 3.9% in the first quarter. Credit Agricole S A now owns 2,119,767 shares of the company’s stock worth $217,235,000 after buying an additional 80,183 shares during the period. AMP Capital Investors Ltd increased its stake in PepsiCo by 7.9% in the first quarter. AMP Capital Investors Ltd now owns 956,160 shares of the company’s stock worth $98,191,000 after buying an additional 70,410 shares during the period. BlackRock Japan Co. Ltd increased its stake in PepsiCo by 4.3% in the first quarter. BlackRock Japan Co. Ltd now owns 1,912,976 shares of the company’s stock worth $196,042,000 after buying an additional 78,848 shares during the period. Finally, Svenska Handelsbanken AB publ increased its stake in PepsiCo by 5,341.9% in the second quarter. Svenska Handelsbanken AB publ now owns 815,737 shares of the company’s stock worth $86,419,000 after buying an additional 800,747 shares during the period. 69.81% of the stock is currently owned by institutional investors and hedge funds.
PepsiCo Inc. (NYSE:PEP) traded down 0.39% on Friday, reaching $105.99. 4,398,433 shares of the company traded hands. The company has a market capitalization of $152.01 billion, a PE ratio of 23.25 and a beta of 0.46. The stock has a 50-day moving average of $106.96 and a 200 day moving average of $105.32. PepsiCo Inc. has a 52-week low of $93.25 and a 52-week high of $110.94.
PepsiCo (NYSE:PEP) last announced its quarterly earnings results on Thursday, September 29th. The company reported $1.40 EPS for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.08. PepsiCo had a net margin of 10.74% and a return on equity of 56.16%. The business had revenue of $16 billion for the quarter. During the same quarter last year, the company posted $1.35 EPS. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. On average, equities analysts forecast that PepsiCo Inc. will post $4.79 EPS for the current year.
The business 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 yield of 2.84%. PepsiCo’s dividend payout ratio (DPR) is currently 66.01%.
PEP has been the topic of a number of recent research reports. Bank of America Corp. reissued a “buy” rating and set a $120.00 target price on shares of PepsiCo in a research report on Thursday, September 22nd. Credit Agricole SA reissued an “outperform” rating on shares of PepsiCo in a research report on Monday, August 22nd. Credit Suisse Group AG started coverage on PepsiCo in a research report on Thursday, September 15th. They set an “outperform” rating and a $121.00 target price on the stock. Zacks Investment Research cut shares of PepsiCo from a “hold” rating to a “sell” rating in a research note on Wednesday, September 7th. Finally, Susquehanna restated a “neutral” rating on shares of PepsiCo in a research note on Tuesday, June 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $113.68.
In related news, CEO Laxman Narasimhan sold 3,219 shares of the company’s stock in a transaction dated Wednesday, July 13th. The shares were sold at an average price of $109.11, for a total value of $351,225.09. Following the transaction, the chief executive officer now owns 97,057 shares in the company, valued at approximately $10,589,889.27. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Marie T. Gallagher sold 13,586 shares of the company’s stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $109.01, for a total transaction of $1,481,009.86. Following the completion of the transaction, the senior vice president now owns 58,183 shares in the company, valued at approximately $6,342,528.83. The disclosure for this sale can be found here. 0.33% of the stock is currently 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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