Lazard Freres Gestion S.A.S. Purchases 2,907 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Lazard Freres Gestion S.A.S. boosted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 1.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 238,826 shares of the company’s stock after buying an additional 2,907 shares during the period. Lazard Freres Gestion S.A.S.’s holdings in PepsiCo were worth $28,747,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. OLD Mission Capital LLC acquired a new position in shares of PepsiCo during the 3rd quarter worth approximately $256,000. First United Bank Trust grew its position in shares of PepsiCo by 1.5% during the 4th quarter. First United Bank Trust now owns 17,795 shares of the company’s stock worth $2,639,000 after purchasing an additional 255 shares in the last quarter. Crescent Capital Consulting LLC acquired a new stake in shares of PepsiCo during the 4th quarter worth approximately $392,000. Hedeker Wealth LLC boosted its position in shares of PepsiCo by 1.6% during the 4th quarter. Hedeker Wealth LLC now owns 9,874 shares of the company’s stock worth $1,464,000 after acquiring an additional 153 shares in the last quarter. Finally, DNB Asset Management AS boosted its position in shares of PepsiCo by 6.2% during the 4th quarter. DNB Asset Management AS now owns 211,515 shares of the company’s stock worth $31,368,000 after acquiring an additional 12,299 shares in the last quarter. Institutional investors and hedge funds own 69.94% of the company’s stock.

In other news, CEO Silviu Popovici sold 20,000 shares of the company’s stock in a transaction dated Friday, May 7th. The shares were sold at an average price of $145.40, for a total value of $2,908,000.00. Following the sale, the chief executive officer now directly owns 75,886 shares of the company’s stock, valued at approximately $11,033,824.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is currently owned by corporate insiders.

PEP has been the topic of several analyst reports. Zacks Investment Research upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $142.00 price target on the stock in a research report on Friday, February 12th. Wolfe Research started coverage on shares of PepsiCo in a research note on Monday, April 19th. They issued a “peer perform” rating for the company. Deutsche Bank Aktiengesellschaft increased their price objective on shares of PepsiCo from $145.00 to $147.00 and gave the company a “hold” rating in a research note on Thursday, April 22nd. Credit Suisse Group increased their price objective on shares of PepsiCo from $144.00 to $155.00 and gave the company an “outperform” rating in a research note on Thursday, April 22nd. Finally, Sanford C. Bernstein began coverage on shares of PepsiCo in a research note on Tuesday, January 19th. They set an “underperform” rating and a $136.00 price target for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $149.23.

Shares of NASDAQ PEP traded down $0.37 during midday trading on Monday, hitting $146.22. The company’s stock had a trading volume of 63,708 shares, compared to its average volume of 5,531,408. The stock has a fifty day moving average price of $143.79 and a 200 day moving average price of $140.77. The firm has a market capitalization of $202.02 billion, a price-to-earnings ratio of 29.03, a P/E/G ratio of 3.63 and a beta of 0.57. PepsiCo, Inc. has a one year low of $126.53 and a one year high of $148.77. The company has a current ratio of 0.93, a quick ratio of 0.77 and a debt-to-equity ratio of 2.79.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Wednesday, April 14th. The company reported $1.21 EPS for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.09. The business had revenue of $14.82 billion during the quarter, compared to analysts’ expectations of $14.54 billion. PepsiCo had a net margin of 10.27% and a return on equity of 56.28%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.07 EPS. On average, equities research analysts predict that PepsiCo, Inc. will post 5.51 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Shareholders of record on Friday, June 4th will be issued a $1.075 dividend. The ex-dividend date of this dividend is Thursday, June 3rd. This is a positive change from PepsiCo’s previous quarterly dividend of $1.02. This represents a $4.30 annualized dividend and a yield of 2.94%. PepsiCo’s dividend payout ratio is 73.96%.

PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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