Aristotle Capital Management LLC Has $4,732,000 Stake in Pepsico, Inc. (PEP)
Aristotle Capital Management LLC maintained its position in shares of Pepsico, Inc. (NYSE:PEP) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,307 shares of the company’s stock at the end of the first quarter. Aristotle Capital Management LLC’s holdings in Pepsico were worth $4,732,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Shepherd Financial Partners LLC bought a new position in shares of Pepsico during the fourth quarter worth approximately $832,000. United Capital Financial Advisers LLC boosted its position in shares of Pepsico by 0.8% in the fourth quarter. United Capital Financial Advisers LLC now owns 589,702 shares of the company’s stock worth $61,701,000 after buying an additional 4,722 shares during the last quarter. Cigna Investments Inc. New bought a new position in shares of Pepsico during the fourth quarter worth approximately $7,843,000. L & S Advisors Inc bought a new position in shares of Pepsico during the fourth quarter worth approximately $471,000. Finally, Princeton Portfolio Strategies Group LLC boosted its position in shares of Pepsico by 0.3% in the fourth quarter. Princeton Portfolio Strategies Group LLC now owns 46,907 shares of the company’s stock worth $4,908,000 after buying an additional 150 shares during the last quarter. Institutional investors own 70.19% of the company’s stock.
Shares of Pepsico, Inc. (NYSE PEP) traded up 0.97% during mid-day trading on Monday, hitting $117.64. The stock had a trading volume of 492,738 shares. Pepsico, Inc. has a 12 month low of $98.50 and a 12 month high of $118.24. The stock has a market cap of $167.70 billion, a P/E ratio of 24.91 and a beta of 0.67. The firm has a 50 day moving average price of $115.87 and a 200-day moving average price of $112.81.
Pepsico (NYSE:PEP) last posted its earnings results on Tuesday, July 11th. The company reported $1.50 EPS for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.10. The business had revenue of $15.71 billion during the quarter, compared to analyst estimates of $15.57 billion. Pepsico had a return on equity of 59.74% and a net margin of 10.77%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.35 EPS. On average, equities research analysts forecast that Pepsico, Inc. will post $5.16 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be issued a $0.805 dividend. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Wednesday, August 30th. Pepsico’s payout ratio is 68.22%.
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Several research firms recently weighed in on PEP. Stifel Nicolaus reaffirmed a “hold” rating on shares of Pepsico in a research note on Wednesday, May 31st. BMO Capital Markets lowered Pepsico from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $118.00 to $120.00 in a research note on Wednesday, June 7th. They noted that the move was a valuation call. Zacks Investment Research lowered Pepsico from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $115.00 price objective on shares of Pepsico in a research note on Thursday, May 25th. Finally, BidaskClub lowered Pepsico from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. Six research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $123.40.
In other Pepsico news, CEO Indra K. Nooyi sold 340,449 shares of Pepsico stock in a transaction on Monday, July 24th. The stock was sold at an average price of $116.42, for a total value of $39,635,072.58. Following the completion of the sale, the chief executive officer now owns 733,315 shares of the company’s stock, valued at approximately $85,372,532.30. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Marie T. Gallagher sold 41,489 shares of Pepsico stock in a transaction on Monday, August 7th. The stock was sold at an average price of $116.77, for a total value of $4,844,670.53. Following the completion of 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. In the last three months, insiders sold 898,164 shares of company stock valued at $104,585,929. Corporate insiders own 0.26% of the company’s stock.
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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