Edmond DE Rothschild Holding S.A. Sells 6,059 Shares of Pepsico, Inc. (PEP)
Edmond DE Rothschild Holding S.A. lowered its stake in Pepsico, Inc. (NYSE:PEP) by 9.1% during the first quarter, Holdings Channel reports. The firm owned 60,486 shares of the company’s stock after selling 6,059 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Pepsico were worth $6,765,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Ancora Advisors LLC increased its stake in shares of Pepsico by 111.7% in the fourth quarter. Ancora Advisors LLC now owns 76,867 shares of the company’s stock valued at $8,043,000 after buying an additional 40,562 shares during the period. Seven Eight Capital LP bought a new stake in shares of Pepsico during the fourth quarter valued at $1,151,000. Hilltop Holdings Inc. increased its stake in shares of Pepsico by 1.7% in the fourth quarter. Hilltop Holdings Inc. now owns 10,892 shares of the company’s stock valued at $1,140,000 after buying an additional 185 shares during the period. Sciencast Management LP bought a new stake in shares of Pepsico during the fourth quarter valued at $435,000. Finally, STA Wealth Management LLC increased its stake in shares of Pepsico by 1.2% in the fourth quarter. STA Wealth Management LLC now owns 4,694 shares of the company’s stock valued at $491,000 after buying an additional 57 shares during the period. Institutional investors own 70.52% of the company’s stock.
Shares of Pepsico, Inc. (NYSE:PEP) traded down 0.35% during mid-day trading on Thursday, hitting $116.22. The company had a trading volume of 289,946 shares. Pepsico, Inc. has a 52-week low of $98.50 and a 52-week high of $118.24. The stock has a market cap of $165.67 billion, a price-to-earnings ratio of 24.61 and a beta of 0.67. The stock’s 50-day moving average is $115.89 and its 200-day moving average is $112.69.
Pepsico (NYSE:PEP) last announced its earnings results on Tuesday, July 11th. The company reported $1.50 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $15.71 billion for the quarter, compared to the consensus estimate of $15.57 billion. During the same period in the previous year, the business earned $1.35 EPS. The company’s revenue was up 2.0% on a year-over-year basis. Equities analysts forecast that Pepsico, Inc. will post $5.16 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.805 per share. This represents a $3.22 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Wednesday, August 30th. Pepsico’s dividend payout ratio (DPR) is currently 68.22%.
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Several brokerages have weighed in on PEP. Stifel Nicolaus restated a “hold” rating on shares of Pepsico in a report on Wednesday, May 31st. BMO Capital Markets downgraded Pepsico from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $118.00 to $120.00 in a report on Wednesday, June 7th. They noted that the move was a valuation call. Zacks Investment Research downgraded Pepsico from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Royal Bank Of Canada restated a “hold” rating and set a $115.00 price target on shares of Pepsico in a report on Thursday, May 25th. Finally, BidaskClub downgraded Pepsico from a “buy” rating to a “hold” rating in a report 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. The company presently has a consensus rating of “Buy” and a consensus price target of $123.04.
In other news, Chairman Indra K. Nooyi sold 452,830 shares of the business’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $116.44, for a total transaction of $52,727,525.20. Following the transaction, the chairman now directly owns 733,315 shares in the company, valued at approximately $85,387,198.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Indra K. Nooyi sold 340,449 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now owns 733,315 shares in the company, valued at $85,372,532.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 898,164 shares of company stock worth $104,585,929. Company insiders own 0.26% of the company’s stock.
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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