PepsiCo, Inc. (PEP) Shares Sold by Chilton Capital Management LLC
Chilton Capital Management LLC cut its stake in PepsiCo, Inc. (NYSE:PEP) by 2.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,219 shares of the company’s stock after selling 1,008 shares during the period. Chilton Capital Management LLC’s holdings in PepsiCo were worth $3,894,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Itau Unibanco Holding S.A. bought a new position in shares of PepsiCo during the third quarter worth $101,000. Piershale Financial Group Inc. increased its position in shares of PepsiCo by 0.4% in the third quarter. Piershale Financial Group Inc. now owns 1,009 shares of the company’s stock worth $110,000 after buying an additional 4 shares during the period. Edmond DE Rothschild Monaco bought a new position in shares of PepsiCo during the third quarter worth $131,000. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in shares of PepsiCo by 11,898.4% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 146,861 shares of the company’s stock worth $147,000 after buying an additional 145,637 shares during the period. Finally, Peddock Capital Advisors LLC bought a new position in shares of PepsiCo during the third quarter worth $152,000. Hedge funds and other institutional investors own 70.43% of the company’s stock.
Shares of PepsiCo, Inc. (NYSE:PEP) opened at 113.59 on Friday. The company has a market cap of $162.12 billion, a price-to-earnings ratio of 26.06 and a beta of 0.53. PepsiCo, Inc. has a 12-month low of $98.50 and a 12-month high of $114.61. The stock has a 50 day moving average of $111.53 and a 200 day moving average of $106.61.
PepsiCo (NYSE:PEP) last issued its quarterly earnings data on Wednesday, February 15th. The company reported $1.20 EPS for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.04. The firm earned $19.52 billion during the quarter, compared to the consensus estimate of $19.51 billion. PepsiCo had a return on equity of 56.16% and a net margin of 10.74%. The firm’s revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.06 EPS. Equities research analysts predict that PepsiCo, Inc. will post $5.12 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Friday, March 3rd were paid a dividend of $0.7525 per share. The ex-dividend date was Wednesday, March 1st. This represents a $3.01 dividend on an annualized basis and a yield of 2.65%. PepsiCo’s payout ratio is currently 66.01%.
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A number of analysts have commented on the stock. Credit Suisse Group AG upped their target price on shares of PepsiCo from $115.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, March 23rd. Vetr cut shares of PepsiCo from a “buy” rating to a “hold” rating and set a $106.67 target price for the company. in a report on Wednesday, January 18th. JPMorgan Chase & Co. assumed coverage on shares of PepsiCo in a report on Tuesday, March 21st. They set an “overweight” rating and a $125.00 target price for the company. Barclays PLC assumed coverage on shares of PepsiCo in a report on Monday, January 9th. They set an “equal weight” rating and a $102.00 target price for the company. Finally, Zacks Investment Research cut shares of PepsiCo from a “hold” rating to a “sell” rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $117.12.
In other PepsiCo news, CEO Ramon Laguarta sold 23,585 shares of the business’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $109.05, for a total transaction of $2,571,944.25. Following the completion of the transaction, the chief executive officer now owns 135,859 shares in the company, valued at approximately $14,815,423.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Vivek Sankaran sold 2,000 shares of the business’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $110.22, for a total value of $220,440.00. Following the transaction, the chief operating officer now owns 73,595 shares of the company’s stock, valued at approximately $8,111,640.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 44,343 shares of company stock valued at $4,850,480. 0.33% of the stock is owned by company insiders.
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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