Pepsico, Inc. (PEP) Shares Sold by Osborn Williams & Donohoe LLC
Osborn Williams & Donohoe LLC cut its stake in shares of Pepsico, Inc. (NYSE:PEP) by 0.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 94,260 shares of the company’s stock after selling 868 shares during the period. Pepsico accounts for about 2.0% of Osborn Williams & Donohoe LLC’s portfolio, making the stock its 7th largest position. Osborn Williams & Donohoe LLC’s holdings in Pepsico were worth $10,886,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Pepsico during the fourth quarter valued at about $1,492,411,000. Sanders Capital LLC bought a new stake in shares of Pepsico during the first quarter valued at about $254,277,000. Canada Pension Plan Investment Board boosted its stake in shares of Pepsico by 92.5% in the first quarter. Canada Pension Plan Investment Board now owns 3,317,230 shares of the company’s stock valued at $371,065,000 after buying an additional 1,593,550 shares during the last quarter. Karp Capital Management Corp bought a new stake in shares of Pepsico during the first quarter valued at about $112,080,000. Finally, Bank of Montreal Can boosted its stake in shares of Pepsico by 16.6% in the first quarter. Bank of Montreal Can now owns 5,812,519 shares of the company’s stock valued at $650,189,000 after buying an additional 827,376 shares during the last quarter. Institutional investors and hedge funds own 70.15% of the company’s stock.
Pepsico, Inc. (PEP) traded down 0.5580% during mid-day trading on Monday, hitting $115.2036. The stock had a trading volume of 972,672 shares. The company has a 50 day moving average price of $116.38 and a 200 day moving average price of $113.78. The stock has a market cap of $164.22 billion, a P/E ratio of 24.3972 and a beta of 0.67. Pepsico, Inc. has a one year low of $98.50 and a one year high of $119.39.
Pepsico (NYSE:PEP) last issued its earnings results on Tuesday, July 11th. The company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.10. Pepsico had a net margin of 10.77% and a return on equity of 59.74%. The business had revenue of $15.71 billion for the quarter, compared to analyst estimates of $15.57 billion. During the same period in the previous year, the business earned $1.35 EPS. The firm’s revenue was up 2.0% on a year-over-year basis. On average, equities analysts anticipate that Pepsico, Inc. will post $5.15 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be given a dividend of $0.805 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.22 annualized dividend and a dividend yield of 2.78%. Pepsico’s dividend payout ratio (DPR) is currently 68.22%.
Several analysts have recently issued reports on PEP shares. Jefferies Group LLC reiterated a “buy” rating and issued a $127.00 price objective on shares of Pepsico in a research note on Friday, May 19th. Zacks Investment Research cut Pepsico from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Vetr upgraded Pepsico from a “buy” rating to a “strong-buy” rating and set a $125.54 price objective on the stock in a research note on Wednesday, May 3rd. Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $134.00 price objective (up from $132.00) on shares of Pepsico in a research note on Monday, May 1st. Finally, Cowen and Company reiterated an “outperform” rating and issued a $128.00 price objective on shares of Pepsico in a research note on Thursday, July 13th. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Pepsico has a consensus rating of “Buy” and a consensus target price of $123.61.
In other news, SVP Marie T. Gallagher sold 41,489 shares of Pepsico stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $116.77, for a total transaction of $4,844,670.53. Following the sale, the senior vice president now directly owns 76,037 shares in the company, valued at approximately $8,878,840.49. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Indra K. Nooyi sold 452,830 shares of Pepsico stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $116.44, for a total transaction of $52,727,525.20. Following the sale, the chairman now owns 733,315 shares in the company, valued at $85,387,198.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 898,164 shares of company stock worth $104,585,929. 0.26% of the stock is owned by company insiders.
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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