Oxbow Advisors LLC Lowers Holdings in Pepsico, Inc. (PEP)
Oxbow Advisors LLC lessened its stake in Pepsico, Inc. (NYSE:PEP) by 1.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,811 shares of the company’s stock after selling 108 shares during the quarter. Oxbow Advisors LLC’s holdings in Pepsico were worth $1,249,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Asset Planning Services Ltd. increased its position in Pepsico by 66.1% in the 1st quarter. Asset Planning Services Ltd. now owns 1,003 shares of the company’s stock valued at $112,000 after acquiring an additional 399 shares in the last quarter. Riggs Asset Managment Co. Inc. increased its position in Pepsico by 14.9% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 1,270 shares of the company’s stock valued at $142,000 after acquiring an additional 165 shares in the last quarter. Millie Capital Management LLC acquired a new stake in Pepsico in the 1st quarter valued at about $202,000. Proficio Capital Partners LLC increased its position in Pepsico by 114.2% in the 1st quarter. Proficio Capital Partners LLC now owns 1,810 shares of the company’s stock valued at $210,000 after acquiring an additional 965 shares in the last quarter. Finally, Granite Investment Advisors LLC acquired a new stake in Pepsico in the 1st quarter valued at about $204,000. Hedge funds and other institutional investors own 70.16% of the company’s stock.
Pepsico, Inc. (NYSE PEP) traded down 0.47% on Tuesday, reaching $115.15. 1,324,464 shares of the company traded hands. The stock has a market capitalization of $164.15 billion, a PE ratio of 24.39 and a beta of 0.68. The firm has a 50 day moving average of $116.69 and a 200-day moving average of $114.48. Pepsico, Inc. has a one year low of $98.50 and a one year high of $119.39.
Pepsico (NYSE:PEP) last released its earnings results 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 business had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $15.57 billion. Pepsico had a net margin of 10.77% and a return on equity of 59.74%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.35 EPS. On average, analysts anticipate that Pepsico, Inc. will post $5.15 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be given a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Wednesday, August 30th. Pepsico’s dividend payout ratio is presently 68.22%.
In other Pepsico news, EVP Mehmood Khan sold 63,396 shares of the stock in a transaction that occurred on Monday, July 24th. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Marie T. Gallagher sold 41,489 shares of the stock in a transaction that occurred on 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 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 three months. Insiders own 0.26% of the company’s stock.
PEP has been the subject of several research reports. Jefferies Group LLC restated a “buy” rating and issued a $127.00 price objective on shares of Pepsico in a research report on Friday, May 19th. Royal Bank Of Canada restated a “hold” rating and issued a $115.00 price objective on shares of Pepsico in a research report on Thursday, May 25th. Stifel Nicolaus restated a “hold” rating on shares of Pepsico in a research report on Wednesday, May 31st. BMO Capital Markets cut shares of Pepsico from an “outperform” rating to a “market perform” rating and raised 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. Finally, BidaskClub cut shares of Pepsico from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. Six research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $123.32.
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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