Addison Capital Co reduced its position in PepsiCo Inc. (NYSE:PEP) by 1.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,517 shares of the company’s stock after selling 412 shares during the period. PepsiCo comprises approximately 2.2% of Addison Capital Co’s portfolio, making the stock its 10th largest position. Addison Capital Co’s holdings in PepsiCo were worth $2,385,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in PEP. BlackRock Fund Advisors raised its position 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 last quarter. Credit Agricole S A raised its position 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 last quarter. AMP Capital Investors Ltd raised its position in shares of PepsiCo by 7.9% in the first quarter. AMP Capital Investors Ltd now owns 956,160 shares of the company’s stock valued at $98,191,000 after buying an additional 70,410 shares in the last quarter. BlackRock Japan Co. Ltd raised its position in shares of PepsiCo by 4.3% in the first quarter. BlackRock Japan Co. Ltd now owns 1,912,976 shares of the company’s stock valued at $196,042,000 after buying an additional 78,848 shares in the last quarter. Finally, Svenska Handelsbanken AB publ raised its position in shares of PepsiCo by 5,341.9% in the second quarter. Svenska Handelsbanken AB publ now owns 815,737 shares of the company’s stock valued at $86,419,000 after buying an additional 800,747 shares in the last quarter. 70.06% of the stock is owned by institutional investors.
PepsiCo Inc. (NYSE:PEP) traded down 0.61% on Tuesday, hitting $105.57. The stock had a trading volume of 3,814,397 shares. The firm has a market capitalization of $151.41 billion, a price-to-earnings ratio of 23.16 and a beta of 0.46. The company’s 50 day moving average is $106.90 and its 200-day moving average is $105.42. PepsiCo Inc. has a 1-year low of $93.25 and a 1-year high of $110.94.
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 business had revenue of $16 billion for the quarter. PepsiCo had a net margin of 10.74% and a return on equity of 56.16%. The business’s revenue was down 1.9% compared to the same quarter last year. During the same period last year, the business earned $1.35 earnings per share. On average, analysts forecast that PepsiCo Inc. will post $4.79 EPS for the current 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. 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 2.85%. PepsiCo’s dividend payout ratio (DPR) is 66.01%.
Several equities analysts recently issued reports on the company. BMO Capital Markets restated an “outperform” rating on shares of PepsiCo in a research note on Friday, July 15th. Zacks Investment Research lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Argus boosted their price target on PepsiCo from $116.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, July 13th. Morgan Stanley restated an “overweight” rating and set a $121.00 price target on shares of PepsiCo in a research note on Friday, September 30th. Finally, Deutsche Bank AG restated a “buy” rating and set a $120.00 price target on shares of PepsiCo in a research note on Monday, October 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. PepsiCo currently has a consensus rating of “Buy” and an average price target of $113.68.
In related news, EVP Mehmood Khan sold 51,137 shares of PepsiCo stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $107.30, for a total value of $5,487,000.10. Following the transaction, the executive vice president now directly owns 164,464 shares of the company’s stock, valued at $17,646,987.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Laxman Narasimhan sold 3,219 shares of PepsiCo stock in a transaction that occurred 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 $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 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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