Chartwell Investment Partners LLC raised its position in PepsiCo Inc. (NYSE:PEP) by 0.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 104,678 shares of the company’s stock after buying an additional 40 shares during the period. Chartwell Investment Partners LLC’s holdings in PepsiCo were worth $11,089,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the company. Wellington Management Group LLP increased its position in shares of PepsiCo by 40.9% in the first quarter. Wellington Management Group LLP now owns 21,691,078 shares of the company’s stock worth $2,222,902,000 after buying an additional 6,297,861 shares during the period. Bank of Montreal Can acquired a new position in shares of PepsiCo during the second quarter worth about $519,379,000. Emerald Acquisition Ltd. acquired a new position in shares of PepsiCo during the second quarter worth about $370,675,000. Renaissance Technologies LLC increased its position in shares of PepsiCo by 108.4% in the first quarter. Renaissance Technologies LLC now owns 3,729,062 shares of the company’s stock worth $382,154,000 after buying an additional 1,940,000 shares during the period. Finally, State Street Corp increased its position in shares of PepsiCo by 1.5% in the first quarter. State Street Corp now owns 58,107,763 shares of the company’s stock worth $5,954,891,000 after buying an additional 860,005 shares during the period. 70.06% of the stock is owned by institutional investors and hedge funds.
Shares of PepsiCo Inc. (NYSE:PEP) traded up 0.2810% on Wednesday, reaching $105.8666. The company had a trading volume of 921,850 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 price of $106.83 and a 200 day moving average price of $105.42. The stock has a market capitalization of $151.83 billion, a PE ratio of 23.2265 and a beta of 0.46.
PepsiCo (NYSE:PEP) last released its earnings results on Thursday, September 29th. The company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.08. The firm earned $16 billion during the quarter. PepsiCo had a return on equity of 56.16% and a net margin of 10.74%. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the company earned $1.35 earnings per share. On average, equities research analysts anticipate that PepsiCo Inc. will post $4.79 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 2nd were given a $0.7525 dividend. The ex-dividend date 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%.
A number of equities analysts have recently issued reports on PEP shares. Vetr raised PepsiCo from a “hold” rating to a “buy” rating and set a $112.11 target price for the company in a research note on Wednesday, September 7th. Argus increased 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. Zacks Investment Research downgraded PepsiCo from a “hold” rating to a “sell” rating in a research note on Wednesday, September 7th. Jefferies Group reaffirmed a “buy” rating and issued a $119.00 price objective on shares of PepsiCo in a research note on Wednesday, June 29th. Finally, Credit Suisse Group AG assumed coverage on PepsiCo in a research note on Thursday, September 15th. They issued an “outperform” rating and a $121.00 price objective for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company. PepsiCo presently has an average rating of “Buy” and a consensus target price of $113.68.
In other PepsiCo news, EVP Mehmood Khan sold 51,137 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $107.30, for a total value of $5,487,000.10. Following the completion of the sale, the executive vice president now directly owns 164,464 shares in the company, valued at $17,646,987.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.33% of the stock is owned by company 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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