Bernzott Capital Advisors Has $4.49 Million Position in Pepsico, Inc. (PEP)
Bernzott Capital Advisors reduced its holdings in Pepsico, Inc. (NYSE:PEP) by 0.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,901 shares of the company’s stock after selling 243 shares during the quarter. Bernzott Capital Advisors’ holdings in Pepsico were worth $4,493,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Barnett & Company Inc. boosted its stake in Pepsico by 270.4% during the 2nd quarter. Barnett & Company Inc. now owns 900 shares of the company’s stock valued at $104,000 after purchasing an additional 657 shares in the last quarter. Asset Planning Services Ltd. boosted its stake in Pepsico by 0.3% during the 2nd quarter. Asset Planning Services Ltd. now owns 1,006 shares of the company’s stock valued at $116,000 after purchasing an additional 3 shares in the last quarter. Riggs Asset Managment Co. Inc. boosted its stake in Pepsico by 14.9% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 1,270 shares of the company’s stock valued at $142,000 after purchasing an additional 165 shares in the last quarter. Millie Capital Management LLC bought a new position in Pepsico during the 1st quarter valued at $202,000. Finally, S. R. Schill & Associates bought a new position in Pepsico during the 2nd quarter valued at $203,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.
Shares of Pepsico, Inc. (NYSE PEP) opened at $114.91 on Tuesday. The company has a market capitalization of $163,250.00, a price-to-earnings ratio of 22.40, a PEG ratio of 3.12 and a beta of 0.66. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 2.32. Pepsico, Inc. has a 12-month low of $98.50 and a 12-month high of $119.39.
Pepsico (NYSE:PEP) last issued its earnings results on Wednesday, October 4th. The company reported $1.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.05. The business had revenue of $16.24 billion during the quarter, compared to analysts’ expectations of $16.35 billion. Pepsico had a return on equity of 59.68% and a net margin of 10.97%. Pepsico’s revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.40 earnings per share. research analysts expect that Pepsico, Inc. will post 5.22 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 8th. Stockholders of record on Friday, December 1st will be given a $0.805 dividend. The ex-dividend date is Thursday, November 30th. This represents a $3.22 annualized dividend and a dividend yield of 2.80%. Pepsico’s dividend payout ratio (DPR) is presently 66.53%.
In other news, insider Ramon Laguarta sold 21,449 shares of the firm’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $110.51, for a total value of $2,370,328.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.26% of the company’s stock.
A number of brokerages have issued reports on PEP. Zacks Investment Research lowered Pepsico from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. BMO Capital Markets reaffirmed a “hold” rating and set a $120.00 price target on shares of Pepsico in a research note on Wednesday, September 6th. Credit Suisse Group reaffirmed a “hold” rating and set a $122.00 price target (down from $124.00) on shares of Pepsico in a research note on Thursday, October 5th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Pepsico in a research note on Sunday, November 12th. Finally, Macquarie began coverage on Pepsico in a research note on Thursday, September 14th. They set an “outperform” rating and a $125.00 price target for the company. Seven equities research 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. The stock presently has a consensus rating of “Buy” and a consensus target price of $121.35.
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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