Sumitomo Mitsui Asset Management Company LTD lessened its holdings in Pepsico, Inc. (NYSE:PEP) by 4.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 113,784 shares of the company’s stock after selling 5,733 shares during the quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in Pepsico were worth $13,140,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Schwab Charles Investment Management Inc. increased its holdings in Pepsico by 3.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 7,543,614 shares of the company’s stock valued at $843,829,000 after buying an additional 280,480 shares during the last quarter. Fisher Asset Management LLC increased its holdings in Pepsico by 5.0% in the second quarter. Fisher Asset Management LLC now owns 5,775,278 shares of the company’s stock valued at $666,987,000 after buying an additional 277,607 shares during the last quarter. APG Asset Management N.V. increased its holdings in Pepsico by 0.9% in the second quarter. APG Asset Management N.V. now owns 5,110,832 shares of the company’s stock valued at $590,250,000 after buying an additional 43,100 shares during the last quarter. Pioneer Investment Management Inc. increased its holdings in Pepsico by 19.9% in the first quarter. Pioneer Investment Management Inc. now owns 4,414,828 shares of the company’s stock valued at $493,842,000 after buying an additional 733,294 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Pepsico by 7.9% in the second quarter. Russell Investments Group Ltd. now owns 4,187,858 shares of the company’s stock valued at $483,791,000 after buying an additional 306,065 shares during the last quarter. 70.06% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Mehmood Khan sold 63,396 shares of the business’s stock in a transaction dated 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Marie T. Gallagher sold 41,489 shares of the business’s 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 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 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 topic of several recent analyst reports. Royal Bank Of Canada reissued a “hold” rating and issued a $115.00 target price on shares of Pepsico in a report on Friday, June 30th. BidaskClub lowered Pepsico from a “buy” rating to a “hold” rating in a report on Saturday, July 1st. Susquehanna Bancshares Inc reissued a “positive” rating and issued a $133.00 target price (down previously from $134.00) on shares of Pepsico in a report on Thursday, July 6th. Jefferies Group LLC reissued a “buy” rating and issued a $130.00 target price (up previously from $127.00) on shares of Pepsico in a report on Thursday, July 6th. Finally, J P Morgan Chase & Co reissued an “overweight” rating on shares of Pepsico in a report on Wednesday, July 12th. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Pepsico currently has a consensus rating of “Buy” and an average price target of $121.71.

Pepsico, Inc. (PEP) opened at 110.40 on Monday. Pepsico, Inc. has a 1-year low of $98.50 and a 1-year high of $119.39. The firm has a 50-day moving average of $114.11 and a 200 day moving average of $114.73. The firm has a market cap of $157.00 billion, a P/E ratio of 22.81 and a beta of 0.68.

Pepsico (NYSE:PEP) last released its 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. The company had revenue of $16.24 billion during the quarter, compared to the consensus estimate of $16.35 billion. Pepsico had a net margin of 10.97% and a return on equity of 59.68%. The company’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.40 EPS. On average, analysts predict that Pepsico, Inc. will post $5.22 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 1st were given a $0.805 dividend. This represents a $3.22 annualized dividend and a dividend yield of 2.92%. The ex-dividend date was Wednesday, August 30th. Pepsico’s payout ratio is currently 66.53%.

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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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Institutional Ownership by Quarter for Pepsico (NYSE:PEP)

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