Pepsico, Inc. (NYSE:PEP) Position Cut by Brown Advisory Securities LLC

Brown Advisory Securities LLC reduced its position in shares of Pepsico, Inc. (NYSE:PEP) by 1.5% during the first quarter, Holdings Channel reports. The institutional investor owned 39,636 shares of the company’s stock after selling 615 shares during the period. Pepsico accounts for about 1.1% of Brown Advisory Securities LLC’s portfolio, making the stock its 21st largest position. Brown Advisory Securities LLC’s holdings in Pepsico were worth $4,434,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Asset Planning Services Ltd. raised its stake in shares of Pepsico by 66.1% in the first quarter. Asset Planning Services Ltd. now owns 1,003 shares of the company’s stock worth $112,000 after buying an additional 399 shares during the last quarter. Patriot Financial Group Insurance Agency LLC bought a new position in Pepsico during the fourth quarter worth approximately $125,000. Riggs Asset Managment Co. Inc. raised its position in Pepsico by 14.9% in the first quarter. Riggs Asset Managment Co. Inc. now owns 1,270 shares of the company’s stock worth $142,000 after buying an additional 165 shares in the last quarter. Israel Discount Bank of New York GFN bought a new position in Pepsico during the fourth quarter worth approximately $150,000. Finally, Leith Wheeler Investment Counsel Ltd. bought a new position in Pepsico during the first quarter worth approximately $157,000. Hedge funds and other institutional investors own 70.52% of the company’s stock.

Pepsico, Inc. (NYSE:PEP) traded down 0.27% during midday trading on Thursday, hitting $116.32. The stock had a trading volume of 241,230 shares. The company has a market cap of $165.82 billion, a P/E ratio of 24.63 and a beta of 0.67. The firm’s 50-day moving average price is $115.89 and its 200 day moving average price is $112.69. Pepsico, Inc. has a 12 month low of $98.50 and a 12 month high of $118.24.

Pepsico (NYSE:PEP) last posted its earnings results on Tuesday, July 11th. The company reported $1.50 EPS for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.10. The business had revenue of $15.71 billion during the quarter, compared to analyst estimates of $15.57 billion. Pepsico had a return on equity of 59.74% and a net margin of 10.77%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.35 EPS. On average, analysts expect that Pepsico, Inc. will post $5.16 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be issued a $0.805 dividend. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Wednesday, August 30th. Pepsico’s payout ratio is 68.22%.

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PEP has been the topic of a number of recent analyst reports. UBS AG raised Pepsico from a “neutral” rating to a “positive” rating in a research note on Wednesday, April 12th. Susquehanna Bancshares Inc raised Pepsico from a “neutral” rating to a “positive” rating and lifted their price objective for the stock from $118.00 to $132.00 in a research note on Wednesday, April 12th. Zacks Investment Research lowered Pepsico from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Jefferies Group LLC lifted their price objective on Pepsico from $120.00 to $127.00 and gave the stock a “buy” rating in a research note on Wednesday, April 19th. Finally, Royal Bank Of Canada set a $115.00 price objective on Pepsico and gave the stock a “hold” rating in a research note on Monday, April 24th. Six research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Pepsico has a consensus rating of “Buy” and an average target price of $123.04.

In other Pepsico news, CEO Indra K. Nooyi sold 340,449 shares of Pepsico stock in a transaction on Monday, July 24th. The stock was sold at an average price of $116.42, for a total value of $39,635,072.58. Following the completion of the sale, the chief executive officer now owns 733,315 shares of the company’s stock, valued at approximately $85,372,532.30. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Marie T. Gallagher sold 41,489 shares of Pepsico stock in a transaction on Monday, August 7th. The stock was sold at an average price of $116.77, for a total value of $4,844,670.53. Following the completion of the sale, the senior vice president now directly owns 76,037 shares of the company’s stock, valued at approximately $8,878,840.49. The disclosure for this sale can be found here. In the last three months, insiders sold 898,164 shares of company stock valued at $104,585,929. Corporate insiders own 0.26% of the company’s stock.

Pepsico Company Profile

PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).

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Institutional Ownership by Quarter for Pepsico (NYSE:PEP)

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