Sanders Capital LLC Raises Position in PepsiCo, Inc. (NASDAQ:PEP)

Sanders Capital LLC raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,278,487 shares of the company’s stock after purchasing an additional 47,400 shares during the period. PepsiCo accounts for about 2.0% of Sanders Capital LLC’s portfolio, making the stock its 23rd biggest position. Sanders Capital LLC owned about 0.23% of PepsiCo worth $481,824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of PEP. Laurel Wealth Advisors Inc. raised its holdings in shares of PepsiCo by 1.3% in the first quarter. Laurel Wealth Advisors Inc. now owns 23,826 shares of the company’s stock worth $2,920,000 after buying an additional 296 shares during the period. Lau Associates LLC raised its holdings in shares of PepsiCo by 7.6% in the fourth quarter. Lau Associates LLC now owns 57,455 shares of the company’s stock worth $6,348,000 after buying an additional 4,035 shares during the period. CenturyLink Investment Management Co raised its holdings in shares of PepsiCo by 41.5% in the second quarter. CenturyLink Investment Management Co now owns 17,769 shares of the company’s stock worth $2,330,000 after buying an additional 5,209 shares during the period. Dixon Hubard Feinour & Brown Inc. VA raised its holdings in shares of PepsiCo by 0.8% in the first quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 26,334 shares of the company’s stock worth $3,227,000 after buying an additional 207 shares during the period. Finally, NEXT Financial Group Inc raised its holdings in shares of PepsiCo by 160.5% in the second quarter. NEXT Financial Group Inc now owns 13,287 shares of the company’s stock worth $1,742,000 after buying an additional 8,187 shares during the period. Institutional investors and hedge funds own 71.18% of the company’s stock.

NASDAQ PEP traded down $1.33 during midday trading on Monday, hitting $126.59. 1,188,540 shares of the company traded hands, compared to its average volume of 4,646,821. The company has a current ratio of 0.86, a quick ratio of 0.66 and a debt-to-equity ratio of 1.97. The stock has a market capitalization of $178.85 billion, a P/E ratio of 22.37, a PEG ratio of 3.32 and a beta of 0.60. The firm has a 50-day simple moving average of $132.05. PepsiCo, Inc. has a 52 week low of $104.53 and a 52 week high of $135.24.

PepsiCo (NASDAQ:PEP) last announced its 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 business had revenue of $16.45 billion for the quarter, compared to analysts’ expectations of $16.44 billion. PepsiCo had a return on equity of 59.50% and a net margin of 19.59%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.61 EPS. As a group, research analysts anticipate that PepsiCo, Inc. will post 5.51 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be given a dividend of $0.955 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $3.82 annualized dividend and a yield of 3.02%. PepsiCo’s dividend payout ratio (DPR) is presently 67.49%.

PEP has been the topic of several research reports. SunTrust Banks restated a “hold” rating and set a $125.00 price objective on shares of PepsiCo in a report on Wednesday, July 10th. Wells Fargo & Co raised their price objective on PepsiCo from $120.00 to $127.00 and gave the stock a “positive” rating in a report on Tuesday, May 14th. ValuEngine downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday. Royal Bank of Canada set a $115.00 price objective on PepsiCo and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Finally, BMO Capital Markets restated an “average” rating and set a $128.00 price objective on shares of PepsiCo in a report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $129.35.

In other news, CEO Steven C. Williams sold 2,420 shares of the firm’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $133.95, for a total value of $324,159.00. Following the completion of the sale, the chief executive officer now owns 54,920 shares of the company’s stock, valued at approximately $7,356,534. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Ramon Laguarta sold 15,431 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $129.43, for a total value of $1,997,234.33. Following the completion of the sale, the chairman now directly owns 232,394 shares of the company’s stock, valued at approximately $30,078,755.42. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by company insiders.

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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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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