Kentucky Retirement Systems acquired a new stake in shares of PepsiCo Inc. (NYSE:PEP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 122,830 shares of the company’s stock, valued at approximately $13,013,000. PepsiCo accounts for approximately 0.8% of Kentucky Retirement Systems’ portfolio, making the stock its 24th largest position.

A number of other institutional investors have also recently bought and sold shares of PEP. Investec Asset Management North America Inc. increased its position in PepsiCo by 40.1% in the first quarter. Investec Asset Management North America Inc. now owns 23,307 shares of the company’s stock valued at $2,389,000 after buying an additional 6,673 shares during the last quarter. King Wealth Management Group LLC increased its position in PepsiCo by 2.5% in the first quarter. King Wealth Management Group LLC now owns 38,735 shares of the company’s stock valued at $3,970,000 after buying an additional 947 shares during the last quarter. Ancora Inverness LLC increased its position in PepsiCo by 1.5% in the first quarter. Ancora Inverness LLC now owns 49,698 shares of the company’s stock valued at $5,093,000 after buying an additional 717 shares during the last quarter. Aviva PLC increased its position in PepsiCo by 0.5% in the first quarter. Aviva PLC now owns 842,503 shares of the company’s stock valued at $86,339,000 after buying an additional 4,589 shares during the last quarter. Finally, Maryland Capital Management increased its position in PepsiCo by 7.3% in the first quarter. Maryland Capital Management now owns 217,259 shares of the company’s stock valued at $22,265,000 after buying an additional 14,734 shares during the last quarter. Institutional investors and hedge funds own 69.99% of the company’s stock.

Institutional Ownership by Quarter for PepsiCo (NYSE:PEP)

Shares of PepsiCo Inc. (NYSE:PEP) traded down 0.31% on Friday, hitting $101.31. The stock had a trading volume of 4,919,150 shares. The company has a 50 day moving average price of $106.65 and a 200-day moving average price of $105.92. The stock has a market cap of $145.30 billion, a PE ratio of 22.23 and a beta of 0.54. PepsiCo Inc. has a 12 month low of $93.25 and a 12 month high of $110.94.

PepsiCo (NYSE:PEP) last announced its earnings results on Thursday, September 29th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.08. The firm had revenue of $16 billion for the quarter. PepsiCo had a net margin of 10.74% and a return on equity of 56.16%. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.35 earnings per share. On average, equities research analysts anticipate that PepsiCo Inc. will post $4.81 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 6th. Stockholders of record on Friday, December 2nd will be given a dividend of $0.7525 per share. This represents a $3.01 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend is Wednesday, November 30th. PepsiCo’s dividend payout ratio is 66.01%.

PEP has been the topic of several research analyst reports. Sanford C. Bernstein reiterated an “outperform” rating and issued a $118.00 price objective on shares of PepsiCo in a research note on Wednesday, August 10th. Credit Agricole SA reiterated an “outperform” rating on shares of PepsiCo in a research note on Monday, August 22nd. Zacks Investment Research cut shares of PepsiCo from a “hold” rating to a “sell” rating in a report on Wednesday, September 7th. Vetr upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $112.11 target price on the stock in a research report on Wednesday, September 7th. Finally, Credit Suisse Group AG began coverage on PepsiCo in a research report on Thursday, September 15th. They set an “outperform” rating and a $121.00 target price on the stock. Nine investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $113.77.

PepsiCo Company Profile

PepsiCo, Inc is a food and beverage company. The Company, through its operations, bottlers, contract manufacturers and other third parties, is engaged in making, marketing, distributing and selling a range of beverages, foods and snacks, serving in over 200 countries and territories. The Company operates through six segments, namely, Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); North America Beverages (NAB); Latin America, which includes its beverage, food and snack businesses in Latin America; Europe Sub-Saharan Africa (ESSA), which includes its beverage, food and snack businesses in Europe and Sub-Saharan Africa, and Asia, Middle East and North Africa (AMENA), which includes its beverage, food and snack businesses in Asia, Middle East and North Africa.

5 Day Chart for NYSE:PEP

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