Xact Kapitalforvaltning AB increased its holdings in Pepsico, Inc. (NYSE:PEP) by 0.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 255,398 shares of the company’s stock after purchasing an additional 1,481 shares during the period. Pepsico accounts for 0.9% of Xact Kapitalforvaltning AB’s investment portfolio, making the stock its 20th biggest position. Xact Kapitalforvaltning AB’s holdings in Pepsico were worth $29,496,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in PEP. Asset Planning Services Ltd. grew its position 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 valued at $112,000 after purchasing an additional 399 shares during the period. Riggs Asset Managment Co. Inc. grew its position in shares of Pepsico by 14.9% in the first quarter. Riggs Asset Managment Co. Inc. now owns 1,270 shares of the company’s stock valued at $142,000 after purchasing an additional 165 shares during the period. Millie Capital Management LLC purchased a new stake in shares of Pepsico in the first quarter valued at $202,000. Granite Investment Advisors LLC purchased a new stake in shares of Pepsico in the first quarter valued at $204,000. Finally, Spectrum Management Group Inc. purchased a new stake in shares of Pepsico in the first quarter valued at $205,000. 70.16% of the stock is owned by institutional investors and hedge funds.
Shares of Pepsico, Inc. (NYSE PEP) traded up 0.58% on Friday, hitting $114.85. The company’s stock had a trading volume of 5,543,002 shares. The stock has a market capitalization of $163.72 billion, a P/E ratio of 24.32 and a beta of 0.68. The stock’s 50 day moving average price is $116.42 and its 200 day moving average price is $114.56. Pepsico, Inc. has a 52 week low of $98.50 and a 52 week high of $119.39.
Pepsico (NYSE:PEP) last posted its earnings results on Tuesday, July 11th. The company reported $1.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.10. The firm had revenue of $15.71 billion for the quarter, compared to the consensus estimate of $15.57 billion. Pepsico had a net margin of 10.77% and a return on equity of 59.74%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.35 earnings per share. On average, analysts forecast 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 given a dividend of $0.805 per share. This represents a $3.22 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Wednesday, August 30th. Pepsico’s payout ratio is 68.22%.
A number of equities research analysts have issued reports on PEP shares. Cowen and Company reissued a “buy” rating on shares of Pepsico in a research report on Sunday. Macquarie started coverage on Pepsico in a research report on Thursday. They set an “outperform” rating and a $125.00 price target for the company. Credit Suisse Group downgraded Pepsico from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $126.00 to $124.00 in a research report on Friday, September 8th. Royal Bank Of Canada reissued a “hold” rating and set a $115.00 price target on shares of Pepsico in a research report on Wednesday, September 6th. Finally, BMO Capital Markets reissued a “hold” rating and set a $120.00 price target on shares of Pepsico in a research report on Wednesday, September 6th. Six research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Pepsico has an average rating of “Buy” and an average price target of $123.44.
In other news, EVP Mehmood Khan sold 63,396 shares of the firm’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $116.39, for a total value of $7,378,660.44. Following the sale, the executive vice president now directly owns 174,273 shares of the company’s stock, valued at $20,283,634.47. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Marie T. Gallagher sold 41,489 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were 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 in the company, valued at $8,878,840.49. The disclosure for this sale can be found here. Insiders have sold 898,164 shares of company stock worth $104,585,929 over the last three months. Company insiders own 0.26% of the company’s stock.
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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