Mutual of America Capital Management LLC lifted its holdings in Pepsico, Inc. (NYSE:PEP) by 5.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 209,282 shares of the company’s stock after purchasing an additional 11,726 shares during the period. Pepsico accounts for about 0.4% of Mutual of America Capital Management LLC’s investment portfolio, making the stock its 28th biggest holding. Mutual of America Capital Management LLC’s holdings in Pepsico were worth $23,410,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in PEP. Asset Planning Services Ltd. increased its holdings in shares of Pepsico by 66.1% during the 1st quarter. Asset Planning Services Ltd. now owns 1,003 shares of the company’s stock worth $112,000 after purchasing an additional 399 shares during the period. Riggs Asset Managment Co. Inc. increased its holdings in shares of Pepsico by 14.9% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 1,270 shares of the company’s stock worth $142,000 after purchasing an additional 165 shares during the period. Leith Wheeler Investment Counsel Ltd. bought a new position in shares of Pepsico during the 1st quarter worth about $157,000. Millie Capital Management LLC bought a new position in shares of Pepsico during the 1st quarter worth about $202,000. Finally, Granite Investment Advisors LLC bought a new position in shares of Pepsico during the 1st quarter worth about $204,000. 70.16% of the stock is owned by institutional investors and hedge funds.

Shares of Pepsico, Inc. (NYSE PEP) traded up 0.10% during midday trading on Monday, reaching $115.84. 2,591,863 shares of the company’s stock traded hands. The stock has a market cap of $165.13 billion, a P/E ratio of 24.53 and a beta of 0.68. Pepsico, Inc. has a 52-week low of $98.50 and a 52-week high of $119.39. The stock has a 50-day moving average price of $116.54 and a 200-day moving average price of $114.13.

Pepsico (NYSE:PEP) last released its earnings results on Tuesday, July 11th. The company reported $1.50 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $15.71 billion for the quarter, compared to the consensus estimate of $15.57 billion. During the same quarter in the previous year, the company earned $1.35 EPS. Pepsico’s quarterly revenue was up 2.0% compared to the same quarter last year. Analysts forecast that Pepsico, Inc. will post $5.15 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.805 per share. The ex-dividend date is Wednesday, August 30th. This represents a $3.22 dividend on an annualized basis and a yield of 2.78%. Pepsico’s dividend payout ratio (DPR) is presently 68.22%.

In other news, Chairman Indra K. Nooyi sold 452,830 shares of the company’s stock in a transaction 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 sale, the chairman now owns 733,315 shares in the company, valued at approximately $85,387,198.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Marie T. Gallagher sold 41,489 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $116.77, for a total transaction of $4,844,670.53. Following the completion of the sale, the senior vice president now owns 76,037 shares of the company’s stock, valued at approximately $8,878,840.49. The disclosure for this sale can be found here. Insiders have sold a total of 898,164 shares of company stock valued at $104,585,929 in the last 90 days. 0.26% of the stock is currently owned by company insiders.

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A number of analysts recently weighed in on PEP shares. Jefferies Group LLC reissued a “buy” rating and issued a $127.00 target price on shares of Pepsico in a research note on Friday, May 19th. Zacks Investment Research cut shares of Pepsico from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Cowen and Company reissued an “outperform” rating and issued a $128.00 target price on shares of Pepsico in a research note on Thursday, July 13th. J P Morgan Chase & Co reissued an “overweight” rating on shares of Pepsico in a research note on Wednesday, July 12th. Finally, BMO Capital Markets cut shares of Pepsico from an “outperform” rating to a “market perform” rating and upped their target price for the company from $118.00 to $120.00 in a research note on Wednesday, June 7th. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Pepsico has a consensus rating of “Buy” and a consensus price target of $123.40.

About Pepsico

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).

Institutional Ownership by Quarter for Pepsico (NYSE:PEP)

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