HPM Partners LLC Takes Position in Pepsico, Inc. (PEP)
HPM Partners LLC bought a new stake in shares of Pepsico, Inc. (NYSE:PEP) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 79,975 shares of the company’s stock, valued at approximately $8,946,000. Pepsico makes up approximately 0.7% of HPM Partners LLC’s investment portfolio, making the stock its 18th largest position.
Several other hedge funds and other institutional investors also recently made changes to their positions in PEP. Girard Partners LTD. boosted its stake in Pepsico by 4.4% in the first quarter. Girard Partners LTD. now owns 32,377 shares of the company’s stock valued at $3,622,000 after buying an additional 1,360 shares in the last quarter. Capital Fund Management S.A. boosted its stake in Pepsico by 1,890.0% in the first quarter. Capital Fund Management S.A. now owns 306,971 shares of the company’s stock valued at $34,338,000 after buying an additional 291,545 shares in the last quarter. Alpha Cubed Investments LLC boosted its stake in Pepsico by 8.5% in the first quarter. Alpha Cubed Investments LLC now owns 4,100 shares of the company’s stock valued at $459,000 after buying an additional 320 shares in the last quarter. Strategic Financial Group LLC boosted its stake in Pepsico by 4.4% in the first quarter. Strategic Financial Group LLC now owns 2,336 shares of the company’s stock valued at $261,000 after buying an additional 98 shares in the last quarter. Finally, Searle & CO. boosted its stake in Pepsico by 1.7% in the first quarter. Searle & CO. now owns 15,012 shares of the company’s stock valued at $1,679,000 after buying an additional 250 shares in the last quarter. Institutional investors own 70.15% of the company’s stock.
Shares of Pepsico, Inc. (NYSE PEP) traded down 0.01% during trading on Wednesday, reaching $115.02. The company had a trading volume of 481,683 shares. The stock has a market capitalization of $163.96 billion, a PE ratio of 24.36 and a beta of 0.67. Pepsico, Inc. has a 12 month low of $98.50 and a 12 month high of $119.39. The stock’s 50-day moving average price is $116.38 and its 200-day moving average price is $113.78.
Pepsico (NYSE:PEP) last released its earnings results on Tuesday, July 11th. The company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $15.57 billion. During the same quarter in the previous year, the business earned $1.35 EPS. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. Equities analysts forecast that Pepsico, Inc. will post $5.15 earnings per share for the current fiscal 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 dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Wednesday, August 30th. Pepsico’s dividend payout ratio is presently 68.22%.
Several analysts have recently commented on the company. BidaskClub cut Pepsico from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Zacks Investment Research raised Pepsico from a “hold” rating to a “buy” rating and set a $129.00 price target for the company in a report on Tuesday. Royal Bank Of Canada reissued a “hold” rating and issued a $115.00 price target on shares of Pepsico in a report on Thursday, May 25th. Susquehanna Bancshares Inc reissued a “positive” rating and issued a $133.00 price target (down from $134.00) on shares of Pepsico in a report on Thursday, July 6th. Finally, Credit Suisse Group raised their price target on Pepsico from $124.00 to $126.00 and gave the company an “outperform” rating in a report on Wednesday, July 12th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $123.40.
In other news, SVP Marie T. Gallagher sold 41,489 shares of Pepsico stock in a transaction on Monday, August 7th. The shares were sold at an average price of $116.77, for a total transaction of $4,844,670.53. Following the transaction, the senior vice president now directly owns 76,037 shares of the company’s stock, valued at $8,878,840.49. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Indra K. Nooyi sold 452,830 shares of Pepsico stock in a transaction on 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 transaction, the chairman now directly owns 733,315 shares in the company, valued at $85,387,198.60. The disclosure for this sale can be found here. Insiders have sold a total of 898,164 shares of company stock valued at $104,585,929 in the last ninety days. 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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