Chevy Chase Trust Holdings Inc. lifted its position in shares of Pepsico, Inc. (NYSE:PEP) by 0.6% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,597,900 shares of the company’s stock after buying an additional 10,205 shares during the quarter. Pepsico makes up 0.9% of Chevy Chase Trust Holdings Inc.’s holdings, making the stock its 22nd largest holding. Chevy Chase Trust Holdings Inc. owned 0.11% of Pepsico worth $184,542,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. lifted its stake in Pepsico by 3.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 7,543,614 shares of the company’s stock worth $843,829,000 after purchasing an additional 280,480 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Pepsico by 5.0% in the 2nd quarter. Fisher Asset Management LLC now owns 5,775,278 shares of the company’s stock worth $666,987,000 after purchasing an additional 277,607 shares in the last quarter. Pioneer Investment Management Inc. lifted its stake in Pepsico by 19.9% in the 1st quarter. Pioneer Investment Management Inc. now owns 4,414,828 shares of the company’s stock worth $493,842,000 after purchasing an additional 733,294 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Pepsico by 14.6% in the 1st quarter. Russell Investments Group Ltd. now owns 3,881,793 shares of the company’s stock worth $434,310,000 after purchasing an additional 495,542 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in Pepsico by 92.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 3,317,230 shares of the company’s stock worth $371,065,000 after purchasing an additional 1,593,550 shares in the last quarter. Institutional investors own 70.06% of the company’s stock.

In other Pepsico 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 transaction, the senior vice president now directly owns 76,037 shares of the company’s stock, valued at $8,878,840.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mehmood Khan sold 63,396 shares of Pepsico stock in a transaction dated 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 transaction, the executive vice president now directly owns 174,273 shares in the company, valued at $20,283,634.47. The disclosure for this sale can be found here. Insiders have sold 898,164 shares of company stock worth $104,585,929 over the last ninety days. 0.26% of the stock is owned by insiders.

Shares of Pepsico, Inc. (NYSE:PEP) traded down 0.32% during trading on Friday, reaching $110.10. 1,264,843 shares of the company traded hands. Pepsico, Inc. has a 52 week low of $98.50 and a 52 week high of $119.39. The firm has a 50 day moving average of $114.33 and a 200 day moving average of $114.73. The stock has a market capitalization of $156.67 billion, a PE ratio of 22.76 and a beta of 0.68.

Pepsico (NYSE:PEP) last posted its quarterly earnings results on Wednesday, October 4th. The company reported $1.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.05. Pepsico had a net margin of 10.97% and a return on equity of 60.16%. The firm had revenue of $16.24 billion for the quarter, compared to the consensus estimate of $16.35 billion. During the same period last year, the firm posted $1.40 earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, equities analysts predict that Pepsico, Inc. will post $5.19 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 1st were paid a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend was Wednesday, August 30th. Pepsico’s dividend payout ratio (DPR) is presently 66.53%.

Several analysts have commented on the stock. Deutsche Bank AG reiterated a “buy” rating and issued a $122.00 price target (down previously from $125.00) on shares of Pepsico in a research note on Friday. Credit Suisse Group AG reiterated a “hold” rating and issued a $122.00 price target (down previously from $124.00) on shares of Pepsico in a research note on Thursday. BidaskClub upgraded shares of Pepsico from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Susquehanna Bancshares Inc reiterated a “buy” rating and issued a $135.00 price target on shares of Pepsico in a research note on Monday. Finally, Zacks Investment Research upgraded shares of Pepsico from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a research note on Tuesday. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Pepsico presently has a consensus rating of “Buy” and an average target price of $121.71.

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Pepsico 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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Institutional Ownership by Quarter for Pepsico (NYSE:PEP)

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