Partners Capital Investment Group Holdings LLC Holds Holdings in Pepsico, Inc. (PEP)
Partners Capital Investment Group Holdings LLC maintained its stake in shares of Pepsico, Inc. (NYSE:PEP) during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,389 shares of the company’s stock at the close of the first quarter. Partners Capital Investment Group Holdings LLC’s holdings in Pepsico were worth $603,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Schwab Charles Investment Management Inc. increased its stake in Pepsico by 3.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 7,543,614 shares of the company’s stock worth $843,829,000 after buying an additional 280,480 shares during the period. Bank of Montreal Can increased its stake in Pepsico by 16.6% during the 1st quarter. Bank of Montreal Can now owns 5,812,519 shares of the company’s stock worth $650,189,000 after buying an additional 827,376 shares during the period. Fisher Asset Management LLC increased its stake in Pepsico by 0.9% during the 1st quarter. Fisher Asset Management LLC now owns 5,497,671 shares of the company’s stock worth $614,970,000 after buying an additional 50,154 shares during the period. Pioneer Investment Management Inc. increased its stake in Pepsico by 19.9% during the 1st quarter. Pioneer Investment Management Inc. now owns 4,414,828 shares of the company’s stock worth $493,842,000 after buying an additional 733,294 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in Pepsico by 14.6% during the 1st quarter. Russell Investments Group Ltd. now owns 3,881,793 shares of the company’s stock worth $434,310,000 after buying an additional 495,542 shares during the period. Hedge funds and other institutional investors own 70.16% of the company’s stock.
In related news, Chairman Indra K. Nooyi sold 452,830 shares of Pepsico 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 $85,387,198.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mehmood Khan sold 63,396 shares of Pepsico stock in a transaction on Monday, July 24th. The stock was sold at an average price of $116.39, for a total transaction of $7,378,660.44. Following the completion of the sale, the executive vice president now owns 174,273 shares of the company’s stock, valued at approximately $20,283,634.47. The disclosure for this sale can be found here. In the last 90 days, insiders sold 898,164 shares of company stock valued at $104,585,929. Insiders own 0.26% of the company’s stock.
Shares of Pepsico, Inc. (NYSE PEP) traded down 1.67% during midday trading on Friday, hitting $115.04. 4,818,344 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $116.69 and its 200-day moving average is $114.37. Pepsico, Inc. has a 1-year low of $98.50 and a 1-year high of $119.39. The stock has a market cap of $163.99 billion, a PE ratio of 24.36 and a beta of 0.68.
Pepsico (NYSE:PEP) last issued its quarterly earnings results on Tuesday, July 11th. The company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.10. The business had revenue of $15.71 billion during the quarter, compared to analyst estimates of $15.57 billion. Pepsico had a net margin of 10.77% and a return on equity of 59.74%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.35 earnings per share. Analysts predict that Pepsico, Inc. will post $5.15 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be paid a $0.805 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.80%. Pepsico’s dividend payout ratio (DPR) is presently 68.22%.
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Several brokerages recently weighed in on PEP. Credit Suisse Group downgraded shares of Pepsico from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $126.00 to $124.00 in a research note on Friday. BMO Capital Markets downgraded shares of Pepsico from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $118.00 to $120.00 in a research note on Wednesday, June 7th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Pepsico from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Royal Bank Of Canada reaffirmed a “hold” rating and set a $115.00 target price on shares of Pepsico in a research note on Thursday, May 25th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $127.00 target price on shares of Pepsico in a research note on Friday, May 19th. Six research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $123.32.
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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