Sather Financial Group Inc lowered its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,688 shares of the company’s stock after selling 1,457 shares during the period. PepsiCo comprises 1.4% of Sather Financial Group Inc’s portfolio, making the stock its 24th largest holding. Sather Financial Group Inc’s holdings in PepsiCo were worth $7,433,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in PEP. Oregon Public Employees Retirement Fund raised its position in shares of PepsiCo by 10,622.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 34,704,199 shares of the company’s stock valued at $314,000 after buying an additional 34,380,553 shares during the last quarter. BlackRock Inc. raised its position in shares of PepsiCo by 2.4% in the fourth quarter. BlackRock Inc. now owns 97,102,071 shares of the company’s stock valued at $10,727,836,000 after buying an additional 2,275,511 shares during the last quarter. Thoroughbred Financial Services LLC raised its position in shares of PepsiCo by 13,410.8% in the second quarter. Thoroughbred Financial Services LLC now owns 1,806,262 shares of the company’s stock valued at $180,626,000 after buying an additional 1,792,893 shares during the last quarter. California Public Employees Retirement System raised its position in shares of PepsiCo by 34.2% in the fourth quarter. California Public Employees Retirement System now owns 6,285,045 shares of the company’s stock valued at $694,372,000 after buying an additional 1,600,360 shares during the last quarter. Finally, Railway Pension Investments Ltd acquired a new position in shares of PepsiCo in the second quarter valued at approximately $16,182,000. Institutional investors own 71.18% of the company’s stock.
PEP traded down $1.22 during trading on Monday, hitting $126.70. The company had a trading volume of 1,007,766 shares, compared to its average volume of 4,646,821. The company has a market cap of $178.85 billion, a P/E ratio of 22.39, a PEG ratio of 3.32 and a beta of 0.60. The stock has a 50-day moving average of $132.05. The company has a current ratio of 0.86, a quick ratio of 0.66 and a debt-to-equity ratio of 1.97. PepsiCo, Inc. has a 1-year low of $104.53 and a 1-year high of $135.24.
PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, July 9th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.05. The firm had revenue of $16.45 billion for the quarter, compared to analysts’ expectations of $16.44 billion. PepsiCo had a net margin of 19.59% and a return on equity of 59.50%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.61 earnings per share. Sell-side analysts predict that PepsiCo, Inc. will post 5.51 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be issued a $0.955 dividend. The ex-dividend date is Thursday, September 5th. This represents a $3.82 annualized dividend and a yield of 3.01%. PepsiCo’s dividend payout ratio is presently 67.49%.
In other PepsiCo news, CEO Steven C. Williams sold 2,420 shares of the stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $133.95, for a total transaction of $324,159.00. Following the sale, the chief executive officer now directly owns 54,920 shares of the company’s stock, valued at $7,356,534. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Ramon Laguarta sold 15,431 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $129.43, for a total transaction of $1,997,234.33. Following the sale, the chairman now directly owns 232,394 shares in the company, valued at $30,078,755.42. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.
PEP has been the subject of a number of analyst reports. BMO Capital Markets reissued an “average” rating and issued a $128.00 price objective on shares of PepsiCo in a research report on Wednesday, July 10th. Royal Bank of Canada set a $115.00 price target on shares of PepsiCo and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. BidaskClub lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Zacks Investment Research raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $142.00 price target for the company in a research report on Tuesday, April 23rd. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $125.00 price target on shares of PepsiCo in a research report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the company. PepsiCo presently has a consensus rating of “Hold” and an average price target of $129.35.
PepsiCo Company Profile
PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.
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