Moody Lynn & Lieberson LLC Grows Holdings in Pepsico, Inc. (PEP)
Moody Lynn & Lieberson LLC raised its holdings in shares of Pepsico, Inc. (NYSE:PEP) by 95.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,898 shares of the company’s stock after purchasing an additional 6,800 shares during the quarter. Moody Lynn & Lieberson LLC’s holdings in Pepsico were worth $1,605,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Addison Capital Co raised its stake in shares of Pepsico by 1.3% in the first quarter. Addison Capital Co now owns 22,028 shares of the company’s stock valued at $2,464,000 after acquiring an additional 291 shares during the period. Pinnacle Bank purchased a new position in Pepsico in the 1st quarter worth about $696,000. Regent Investment Management LLC increased its stake in Pepsico by 39.6% in the 1st quarter. Regent Investment Management LLC now owns 8,089 shares of the company’s stock worth $905,000 after buying an additional 2,295 shares during the period. Howe & Rusling Inc. increased its stake in Pepsico by 499.4% in the 1st quarter. Howe & Rusling Inc. now owns 81,376 shares of the company’s stock worth $9,103,000 after buying an additional 67,800 shares during the period. Finally, Asset Planning Services Ltd. increased its stake in Pepsico by 66.1% in the 1st quarter. Asset Planning Services Ltd. now owns 1,003 shares of the company’s stock worth $112,000 after buying an additional 399 shares during the period. Institutional investors and hedge funds own 70.17% of the company’s stock.
Shares of Pepsico, Inc. (PEP) opened at 110.01 on Tuesday. Pepsico, Inc. has a 12-month low of $98.50 and a 12-month high of $119.39. The stock has a 50 day moving average of $113.89 and a 200-day moving average of $114.75. The company has a market capitalization of $156.45 billion, a PE ratio of 22.73 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 Zacks’ consensus estimate of $1.43 by $0.05. Pepsico had a net margin of 10.97% and a return on equity of 59.68%. The firm had revenue of $16.24 billion for the quarter, compared to analyst estimates of $16.35 billion. During the same period in the prior year, the firm earned $1.40 earnings per share. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. Analysts predict that Pepsico, Inc. will post $5.22 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 1st were paid a dividend of $0.805 per share. The ex-dividend date was Wednesday, August 30th. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.93%. Pepsico’s payout ratio is 66.53%.
In related news, SVP Marie T. Gallagher sold 41,489 shares of the company’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 sale, the senior vice president now directly owns 76,037 shares in the company, valued at $8,878,840.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Indra K. Nooyi sold 452,830 shares of the company’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 sale, the chairman now owns 733,315 shares in the company, valued at $85,387,198.60. 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 90 days. Insiders own 0.26% of the company’s stock.
Several research firms recently commented on PEP. Deutsche Bank AG reaffirmed 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 reaffirmed 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, October 5th. BidaskClub raised shares of Pepsico from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Zacks Investment Research raised 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, October 3rd. Finally, Susquehanna Bancshares Inc reaffirmed a “buy” rating and issued a $135.00 price target on shares of Pepsico in a research note on Monday, October 2nd. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $121.71.
ILLEGAL ACTIVITY WARNING: “Moody Lynn & Lieberson LLC Grows Holdings in Pepsico, Inc. (PEP)” was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/10/10/moody-lynn-lieberson-llc-grows-holdings-in-pepsico-inc-pep.html.
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).
Receive News & Stock Ratings for Pepsico Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pepsico Inc. and related stocks with our FREE daily email newsletter.