Delta Capital Management LLC trimmed its position in shares of Pepsico, Inc. (NYSE:PEP) by 0.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,907 shares of the company’s stock after selling 150 shares during the quarter. Pepsico makes up about 2.2% of Delta Capital Management LLC’s portfolio, making the stock its 23rd biggest holding. Delta Capital Management LLC’s holdings in Pepsico were worth $3,223,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Howe & Rusling Inc. increased its holdings in shares of Pepsico by 3.1% during the 2nd quarter. Howe & Rusling Inc. now owns 83,923 shares of the company’s stock valued at $9,692,000 after purchasing an additional 2,547 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its holdings in Pepsico by 0.6% in the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 1,597,900 shares of the company’s stock worth $184,542,000 after acquiring an additional 10,205 shares in the last quarter. Somerset Trust Co increased its holdings in Pepsico by 2.8% in the 2nd quarter. Somerset Trust Co now owns 12,790 shares of the company’s stock worth $1,477,000 after acquiring an additional 352 shares in the last quarter. National Pension Service increased its holdings in Pepsico by 9.8% in the 2nd quarter. National Pension Service now owns 1,037,487 shares of the company’s stock worth $119,498,000 after acquiring an additional 92,487 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in Pepsico by 2.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 154,719 shares of the company’s stock worth $17,867,000 after acquiring an additional 3,335 shares in the last quarter. 70.06% of the stock is owned by hedge funds and other institutional investors.

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Shares of Pepsico, Inc. (NYSE:PEP) traded down 0.05% during midday trading on Friday, reaching $110.40. 3,240,259 shares of the company’s stock traded hands. The stock’s 50 day moving average is $114.11 and its 200-day moving average is $114.73. The company has a market capitalization of $157.00 billion, a PE ratio of 22.81 and a beta of 0.68. Pepsico, Inc. has a 52 week low of $98.50 and a 52 week high of $119.39.

Pepsico (NYSE:PEP) last announced its quarterly earnings results on Wednesday, October 4th. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.05. Pepsico had a return on equity of 59.68% and a net margin of 10.97%. The business had revenue of $16.24 billion during the quarter, compared to analysts’ expectations of $16.35 billion. During the same quarter last year, the business posted $1.40 earnings per share. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, analysts forecast that Pepsico, Inc. will post $5.22 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 1st were given a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date was Wednesday, August 30th. Pepsico’s dividend payout ratio is presently 66.53%.

Several brokerages recently commented on PEP. Deutsche Bank AG reissued a “buy” rating and issued a $122.00 price target (down previously from $125.00) on shares of Pepsico in a report on Friday. Credit Suisse Group reissued a “hold” rating and issued a $122.00 price target (down previously from $124.00) on shares of Pepsico in a report on Thursday. Zacks Investment Research raised shares of Pepsico from a “hold” rating to a “buy” rating and set a $122.00 price target for the company in a report on Tuesday, October 3rd. Susquehanna Bancshares Inc reissued a “buy” rating and issued a $135.00 price target on shares of Pepsico in a report on Monday, October 2nd. Finally, Jefferies Group LLC lowered shares of Pepsico from a “buy” rating to a “hold” rating and cut their price target for the stock from $133.00 to $108.00 in a report on Monday, October 2nd. Seven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Pepsico presently has an average rating of “Buy” and a consensus target price of $121.71.

In related news, Chairman Indra K. Nooyi sold 452,830 shares of Pepsico stock in a transaction dated 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 completion of the sale, the chairman now owns 733,315 shares in the company, valued at approximately $85,387,198.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Marie T. Gallagher sold 41,489 shares of Pepsico stock in a transaction dated 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 sale, the senior vice president now 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 quarter, insiders have sold 898,164 shares of company stock valued at $104,585,929. 0.26% of the stock is currently owned by company insiders.

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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