St. Johns Investment Management Company LLC lowered its holdings in shares of Pepsico, Inc. (NYSE:PEP) by 0.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,678 shares of the company’s stock after selling 3 shares during the period. Pepsico makes up 1.1% of St. Johns Investment Management Company LLC’s investment portfolio, making the stock its 24th largest holding. St. Johns Investment Management Company LLC’s holdings in Pepsico were worth $1,464,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Schwab Charles Investment Management Inc. lifted its stake in shares of Pepsico by 3.9% in the first 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 in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Pepsico by 5.0% in the second quarter. Fisher Asset Management LLC now owns 5,775,278 shares of the company’s stock worth $666,987,000 after buying an additional 277,607 shares in the last quarter. Pioneer Investment Management Inc. lifted its stake in shares of Pepsico by 19.9% in the first 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 in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Pepsico by 14.6% in the first 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 in the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in shares of Pepsico by 92.5% in the first quarter. Canada Pension Plan Investment Board now owns 3,317,230 shares of the company’s stock worth $371,065,000 after buying an additional 1,593,550 shares in the last quarter. 70.06% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have recently issued reports on the stock. Deutsche Bank AG reiterated a “buy” rating and issued a $122.00 target price (down previously from $125.00) on shares of Pepsico in a research note on Friday. Credit Suisse Group reiterated a “hold” rating and issued a $122.00 target price (down previously from $124.00) on shares of Pepsico in a research note on Thursday. Zacks Investment Research upgraded shares of Pepsico from a “hold” rating to a “buy” rating and set a $122.00 target price on the stock in a research note on Tuesday, October 3rd. Susquehanna Bancshares Inc reiterated a “buy” rating and issued a $135.00 target price on shares of Pepsico in a research note on Monday, October 2nd. Finally, Jefferies Group LLC downgraded shares of Pepsico from a “buy” rating to a “hold” rating and dropped their target price for the stock from $133.00 to $108.00 in a research note on Monday, October 2nd. Seven 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 stock. The stock currently has an average rating of “Buy” and a consensus price target of $121.71.

In other Pepsico news, SVP Marie T. Gallagher sold 41,489 shares of the firm’s 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 completion of the transaction, the senior vice president now directly owns 76,037 shares of the company’s stock, valued at approximately $8,878,840.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Indra K. Nooyi sold 452,830 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $116.44, for a total transaction of $52,727,525.20. Following the transaction, the chairman now directly owns 733,315 shares of the company’s stock, valued at $85,387,198.60. 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 over the last three months. 0.26% of the stock is currently owned by insiders.

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Shares of Pepsico, Inc. (PEP) traded down 0.05% during mid-day trading on Friday, reaching $110.40. 3,240,259 shares of the company’s stock were exchanged. The company has a market capitalization of $157.00 billion, a PE ratio of 22.81 and a beta of 0.68. Pepsico, Inc. has a one year low of $98.50 and a one year high of $119.39. The company’s 50-day moving average price is $114.11 and its 200-day moving average price is $114.73.

Pepsico (NYSE:PEP) last posted its quarterly earnings results on Wednesday, October 4th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.05. Pepsico had a net margin of 10.97% and a return on equity of 59.68%. The company had revenue of $16.24 billion during the quarter, compared to analyst estimates of $16.35 billion. During the same period last year, the firm posted $1.40 EPS. Pepsico’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, equities analysts expect that Pepsico, Inc. will post $5.22 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 1st were given 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 was Wednesday, August 30th. Pepsico’s dividend payout ratio is presently 66.53%.

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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