Page Arthur B reduced its stake in PepsiCo, Inc. (NYSE:PEP) by 14.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,320 shares of the company’s stock after selling 2,345 shares during the period. PepsiCo accounts for about 1.4% of Page Arthur B’s investment portfolio, making the stock its 28th biggest holding. Page Arthur B’s holdings in PepsiCo were worth $1,654,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. Macquarie Group Ltd. raised its holdings in shares of PepsiCo by 73.6% during the fourth quarter. Macquarie Group Ltd. now owns 319,234 shares of the company’s stock valued at $33,402,000 after buying an additional 135,291 shares during the last quarter. Beacon Financial Group raised its holdings in shares of PepsiCo by 7.4% during the first quarter. Beacon Financial Group now owns 10,948 shares of the company’s stock valued at $1,228,000 after buying an additional 758 shares during the last quarter. First Financial Bank N.A. Trust Division raised its holdings in shares of PepsiCo by 2.6% during the first quarter. First Financial Bank N.A. Trust Division now owns 96,400 shares of the company’s stock valued at $10,783,000 after buying an additional 2,441 shares during the last quarter. Liberty Capital Management Inc. raised its holdings in shares of PepsiCo by 5.2% during the first quarter. Liberty Capital Management Inc. now owns 17,168 shares of the company’s stock valued at $1,920,000 after buying an additional 850 shares during the last quarter. Finally, McQueen Ball & Associates Inc. raised its holdings in shares of PepsiCo by 0.6% during the first quarter. McQueen Ball & Associates Inc. now owns 20,475 shares of the company’s stock valued at $2,290,000 after buying an additional 130 shares during the last quarter. Institutional investors own 70.16% of the company’s stock.

PepsiCo, Inc. (PEP) traded up 0.10% on Monday, hitting $115.84. The company’s stock had a trading volume of 2,591,863 shares. The company has a 50 day moving average price of $116.54 and a 200-day moving average price of $114.13. PepsiCo, Inc. has a 1-year low of $98.50 and a 1-year high of $119.39. The company has a market capitalization of $165.13 billion, a P/E ratio of 24.53 and a beta of 0.68.

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 the Thomson Reuters’ consensus estimate of $1.40 by $0.10. PepsiCo had a net margin of 13.48% and a return on equity of 75.35%. 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 prior year, the business posted $1.35 earnings per share. PepsiCo’s revenue was up 2.0% compared to the same quarter last year. On average, equities analysts forecast that PepsiCo, Inc. will post $5.15 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. The ex-dividend date is Wednesday, August 30th. This represents a $3.22 annualized dividend and a yield of 2.78%. PepsiCo’s dividend payout ratio is currently 68.22%.

PEP has been the topic of a number of recent analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $127.00 price target on shares of PepsiCo in a report on Friday, May 19th. Zacks Investment Research raised PepsiCo from a “hold” rating to a “buy” rating and set a $129.00 price target on the stock in a report on Friday, July 14th. BidaskClub raised PepsiCo from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Stifel Nicolaus reaffirmed a “hold” rating on shares of PepsiCo in a report on Wednesday, May 31st. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $115.00 price target on shares of PepsiCo in a report on Thursday, May 25th. Six research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. PepsiCo currently has an average rating of “Buy” and a consensus price target of $123.40.

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In related news, CEO Indra K. Nooyi sold 340,449 shares of the stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $116.42, for a total value of $39,635,072.58. Following the transaction, the chief executive officer now directly owns 733,315 shares in the company, valued at $85,372,532.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Indra K. Nooyi sold 452,830 shares of the stock in a transaction that occurred on 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 completion of the transaction, 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. Insiders sold 898,164 shares of company stock worth $104,585,929 over the last 90 days. 0.26% of the stock is currently 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).

Institutional Ownership by Quarter for PepsiCo (NYSE:PEP)

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