QS Investors LLC boosted its position in shares of Pepsico, Inc. (NYSE:PEP) by 6.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 382,754 shares of the company’s stock after buying an additional 21,985 shares during the quarter. QS Investors LLC’s holdings in Pepsico were worth $44,204,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in PEP. Vanguard Group Inc. boosted its position in shares of Pepsico by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 112,083,751 shares of the company’s stock valued at $12,944,553,000 after purchasing an additional 2,635,738 shares during the period. Sanders Capital LLC acquired a new position in shares of Pepsico in the 1st quarter valued at $254,277,000. Harbour Capital Advisors LLC lifted its stake in Pepsico by 11,316.2% in the 2nd quarter. Harbour Capital Advisors LLC now owns 2,183,685 shares of the company’s stock worth $18,908,000 after acquiring an additional 2,164,557 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in Pepsico by 92.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 3,317,230 shares of the company’s stock worth $371,065,000 after acquiring an additional 1,593,550 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its stake in Pepsico by 49.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 4,155,387 shares of the company’s stock worth $479,906,000 after acquiring an additional 1,383,267 shares in the last quarter. 70.50% of the stock is owned by institutional investors and hedge funds.
Pepsico, Inc. (NYSE:PEP) traded down $0.16 on Monday, hitting $116.57. The stock had a trading volume of 3,127,400 shares, compared to its average volume of 3,670,236. Pepsico, Inc. has a 52 week low of $101.06 and a 52 week high of $119.39. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.35 and a quick ratio of 1.21. The stock has a market cap of $165,779.20, a P/E ratio of 22.77, a PEG ratio of 3.17 and a beta of 0.68.
Pepsico (NYSE:PEP) last posted its quarterly earnings results on Wednesday, October 4th. The company reported $1.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.05. Pepsico had a return on equity of 59.68% and a net margin of 10.97%. The company had revenue of $16.24 billion during the quarter, compared to the consensus estimate of $16.35 billion. During the same period last year, the business earned $1.40 EPS. The business’s quarterly revenue was up 1.3% on a year-over-year basis. equities analysts forecast that Pepsico, Inc. will post 5.22 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 8th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Thursday, November 30th. Pepsico’s dividend payout ratio (DPR) is presently 66.53%.
In other news, insider Ramon Laguarta sold 21,449 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $110.51, for a total transaction of $2,370,328.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.26% of the stock is owned by company insiders.
PEP has been the subject of several research analyst reports. Zacks Investment Research raised Pepsico from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a research note on Tuesday, August 22nd. Jefferies Group downgraded Pepsico from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $133.00 to $108.00 in a research note on Monday, October 2nd. Credit Suisse Group downgraded Pepsico from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $126.00 to $124.00 in a research note on Friday, September 8th. BidaskClub raised Pepsico from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $115.00 price objective on shares of Pepsico in a research note on Wednesday, September 6th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $121.96.
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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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