Private Advisor Group LLC Has $12.50 Million Position in Pepsico, Inc. (PEP)
Private Advisor Group LLC boosted its stake in shares of Pepsico, Inc. (NYSE:PEP) by 10.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 121,611 shares of the company’s stock after buying an additional 11,690 shares during the period. Private Advisor Group LLC’s holdings in Pepsico were worth $12,504,000 as of its most recent filing with the SEC.
Other institutional investors have also recently modified their holdings of the company. SRS Capital Advisors Inc. bought a new stake in Pepsico during the fourth quarter valued at about $282,000. Quest Investment Management Inc. OR boosted its stake in Pepsico by 5.8% in the fourth quarter. Quest Investment Management Inc. OR now owns 141,538 shares of the company’s stock valued at $14,809,000 after buying an additional 7,739 shares during the period. Glassman Wealth Services boosted its stake in Pepsico by 52.6% in the fourth quarter. Glassman Wealth Services now owns 7,205 shares of the company’s stock valued at $754,000 after buying an additional 2,485 shares during the period. Moloney Securities Asset Management LLC bought a new stake in Pepsico during the fourth quarter valued at about $626,000. Finally, Intellectus Partners LLC bought a new stake in Pepsico during the fourth quarter valued at about $503,000. Institutional investors own 70.52% of the company’s stock.
Shares of Pepsico, Inc. (NYSE:PEP) opened at 116.37 on Monday. The stock has a market cap of $165.89 billion, a PE ratio of 24.64 and a beta of 0.67. The stock has a 50 day moving average of $116.01 and a 200 day moving average of $112.24. Pepsico, Inc. has a 12 month low of $98.50 and a 12 month high of $118.24.
Pepsico (NYSE:PEP) last announced its quarterly earnings data on Tuesday, July 11th. The company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.10. The firm had revenue of $15.71 billion during the quarter, compared to analysts’ expectations of $15.57 billion. Pepsico had a net margin of 10.77% and a return on equity of 59.74%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.35 earnings per share. On average, equities analysts anticipate that Pepsico, Inc. will post $5.16 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be issued a $0.805 dividend. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Wednesday, August 30th. Pepsico’s dividend payout ratio (DPR) is currently 68.22%.
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Several research firms have issued reports on PEP. Jefferies Group LLC boosted their price objective on shares of Pepsico from $120.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, April 19th. UBS AG raised shares of Pepsico from a “neutral” rating to a “positive” rating in a research report on Wednesday, April 12th. BMO Capital Markets cut shares of Pepsico from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $118.00 to $120.00 in a research report on Wednesday, June 7th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Pepsico from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $115.00 price objective on shares of Pepsico in a research report on Thursday, May 25th. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $123.04.
In related news, Chairman Indra K. Nooyi sold 452,830 shares of Pepsico stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $116.44, for a total value of $52,727,525.20. Following the completion of the transaction, the chairman now owns 733,315 shares in the company, valued at $85,387,198.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Indra K. Nooyi sold 340,449 shares of Pepsico stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $116.42, for a total transaction of $39,635,072.58. Following the completion of the transaction, the chief executive officer now owns 733,315 shares of the company’s stock, valued at approximately $85,372,532.30. The disclosure for this sale can be found here. Insiders sold 856,675 shares of company stock valued at $99,741,258 in the last 90 days. Company insiders own 0.26% of the company’s stock.
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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