Creative Planning Buys 6,190 Shares of Pepsico, Inc. (PEP)
Creative Planning lifted its stake in Pepsico, Inc. (NYSE:PEP) by 0.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 765,883 shares of the company’s stock after buying an additional 6,190 shares during the quarter. Creative Planning owned approximately 0.05% of Pepsico worth $88,452,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Willingdon Wealth Management raised its position in Pepsico by 0.3% during the first quarter. Willingdon Wealth Management now owns 6,381 shares of the company’s stock valued at $714,000 after acquiring an additional 16 shares in the last quarter. SRS Capital Advisors Inc. boosted its position in Pepsico by 0.7% in the 1st quarter. SRS Capital Advisors Inc. now owns 2,710 shares of the company’s stock worth $303,000 after purchasing an additional 20 shares in the last quarter. Alexandria Capital LLC boosted its position in Pepsico by 0.5% in the 1st quarter. Alexandria Capital LLC now owns 4,160 shares of the company’s stock worth $465,000 after purchasing an additional 21 shares in the last quarter. Clear Harbor Asset Management LLC grew its stake in shares of Pepsico by 0.6% during the 1st quarter. Clear Harbor Asset Management LLC now owns 4,159 shares of the company’s stock worth $465,000 after purchasing an additional 26 shares during the period. Finally, Brightworth grew its stake in shares of Pepsico by 1.8% during the 1st quarter. Brightworth now owns 1,968 shares of the company’s stock worth $220,000 after purchasing an additional 35 shares during the period. Hedge funds and other institutional investors own 70.06% of the company’s stock.
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In other news, EVP Mehmood Khan sold 63,396 shares of Pepsico stock in a transaction that occurred on 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 directly owns 174,273 shares in the company, valued at approximately $20,283,634.47. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Indra K. Nooyi sold 340,449 shares of Pepsico stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $116.42, for a total transaction of $39,635,072.58. Following the sale, the chief executive officer now owns 733,315 shares of the company’s stock, valued at $85,372,532.30. 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. 0.26% of the stock is currently owned by company insiders.
Shares of Pepsico, Inc. (NYSE:PEP) traded up 0.10% during trading on Tuesday, hitting $109.23. The company’s stock had a trading volume of 2,188,048 shares. Pepsico, Inc. has a one year low of $98.50 and a one year high of $119.39. The company has a 50-day moving average price of $115.11 and a 200-day moving average price of $114.82. The stock has a market cap of $155.71 billion, a PE ratio of 23.13 and a beta of 0.68. Pepsico also was the target of some unusual options trading activity on Monday. Investors purchased 5,616 put options on the company. This represents an increase of approximately 248% compared to the average daily volume of 1,616 put options.
Pepsico (NYSE:PEP) last announced its quarterly earnings data on Tuesday, July 11th. The company reported $1.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.10. Pepsico had a net margin of 10.77% and a return on equity of 59.74%. The firm had revenue of $15.71 billion during the quarter, compared to analysts’ expectations of $15.57 billion. During the same quarter last year, the business earned $1.35 earnings per share. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. Equities analysts predict that Pepsico, Inc. will post $5.16 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 1st were given a dividend of $0.805 per share. The ex-dividend date was Wednesday, August 30th. This represents a $3.22 annualized dividend and a yield of 2.95%. Pepsico’s payout ratio is currently 68.22%.
Several equities analysts have recently weighed in on the stock. BMO Capital Markets lowered shares of Pepsico from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $118.00 to $120.00 in a report on Wednesday, June 7th. They noted that the move was a valuation call. Royal Bank Of Canada reiterated a “hold” rating and issued a $115.00 target price on shares of Pepsico in a research note on Friday, June 30th. BidaskClub downgraded shares of Pepsico from a “buy” rating to a “hold” rating in a report on Saturday, July 1st. Susquehanna Bancshares Inc reissued a “positive” rating and set a $133.00 price target (down from $134.00) on shares of Pepsico in a report on Thursday, July 6th. Finally, Jefferies Group LLC restated a “buy” rating and set a $130.00 price target (up previously from $127.00) on shares of Pepsico in a research report on Thursday, July 6th. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $122.38.
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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