Gyroscope Capital Management Group LLC purchased a new position in shares of Pepsico, Inc. (NYSE:PEP) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,914 shares of the company’s stock, valued at approximately $452,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in PEP. Barnett & Company Inc. grew its position in shares of 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 acquiring an additional 657 shares during the period. Aviance Capital Management LLC acquired a new stake in shares of Pepsico during the 2nd quarter valued at about $111,000. Asset Planning Services Ltd. grew its position in shares of 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 acquiring an additional 3 shares during the period. Patriot Financial Group Insurance Agency LLC grew its position in shares of Pepsico by 5.9% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,211 shares of the company’s stock valued at $138,000 after acquiring an additional 67 shares during the period. Finally, Riggs Asset Managment Co. Inc. grew its position in shares of 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 acquiring an additional 165 shares during the period. 70.50% of the stock is currently owned by institutional investors.

Shares of Pepsico, Inc. (PEP) traded up $0.82 during trading on Tuesday, reaching $117.39. 2,429,300 shares of the company were exchanged, compared to its average volume of 3,665,022. The stock has a market cap of $165,779.20, a price-to-earnings ratio of 22.77, a PEG ratio of 3.17 and a beta of 0.68. Pepsico, Inc. has a 1 year low of $101.06 and a 1 year high of $119.39. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.35 and a quick ratio of 1.21.

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

The business also recently declared a quarterly dividend, which will be paid on Monday, January 8th. Investors of record on Friday, December 1st will be paid a $0.805 dividend. This represents a $3.22 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Thursday, November 30th. Pepsico’s dividend payout ratio is presently 66.53%.

In related news, insider Ramon Laguarta sold 21,449 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $110.51, for a total value of $2,370,328.99. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.26% of the company’s stock.

A number of equities research analysts have recently commented on the company. Zacks Investment Research cut Pepsico from a “buy” rating to a “hold” rating in a research report on Monday, September 4th. BidaskClub upgraded Pepsico from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. BMO Capital Markets restated a “hold” rating and set a $120.00 target price on shares of Pepsico in a research report on Wednesday, September 6th. Cowen restated a “buy” rating on shares of Pepsico in a research report on Sunday, September 17th. Finally, Royal Bank of Canada restated a “hold” rating on shares of Pepsico in a research report on Sunday, November 12th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $121.96.

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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).

Institutional Ownership by Quarter for Pepsico (NYSE:PEP)

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