LGT Capital Partners LTD. Sells 101,708 Shares of PepsiCo, Inc. (NASDAQ:PEP)

LGT Capital Partners LTD. trimmed its position in PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 19.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 423,080 shares of the company’s stock after selling 101,708 shares during the period. PepsiCo accounts for approximately 2.1% of LGT Capital Partners LTD.’s investment portfolio, making the stock its 16th biggest position. LGT Capital Partners LTD.’s holdings in PepsiCo were worth $70,511,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PEP. Cordant Inc. acquired a new stake in PepsiCo in the first quarter valued at $27,000. Landmark Wealth Management LLC acquired a new stake in PepsiCo in the first quarter valued at $29,000. Strategic Asset Management LLC increased its holdings in PepsiCo by 53.3% in the first quarter. Strategic Asset Management LLC now owns 276 shares of the company’s stock valued at $46,000 after purchasing an additional 96 shares during the period. Retirement Group LLC increased its holdings in PepsiCo by 100.0% in the first quarter. Retirement Group LLC now owns 322 shares of the company’s stock valued at $54,000 after purchasing an additional 161 shares during the period. Finally, Lansing Street Advisors acquired a new stake in PepsiCo in the first quarter valued at $58,000. 71.38% of the stock is currently owned by institutional investors.

Insider Transactions at PepsiCo

In related news, CEO Ramkumar Krishnan sold 3,433 shares of the firm’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $174.83, for a total value of $600,191.39. Following the transaction, the chief executive officer now owns 50,577 shares of the company’s stock, valued at approximately $8,842,376.91. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Steven C. Williams sold 1,753 shares of the firm’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $171.18, for a total value of $300,078.54. Following the transaction, the chief executive officer now owns 70,892 shares of the company’s stock, valued at approximately $12,135,292.56. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ramkumar Krishnan sold 3,433 shares of the firm’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $174.83, for a total transaction of $600,191.39. Following the completion of the transaction, the chief executive officer now directly owns 50,577 shares in the company, valued at approximately $8,842,376.91. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

PEP has been the subject of a number of recent research reports. Barclays decreased their price objective on PepsiCo from $187.00 to $183.00 and set an “overweight” rating for the company in a report on Wednesday, July 6th. Deutsche Bank Aktiengesellschaft increased their price objective on PepsiCo from $175.00 to $178.00 and gave the company a “hold” rating in a report on Thursday, July 7th. Wells Fargo & Company decreased their price target on PepsiCo from $175.00 to $172.00 and set an “equal weight” rating for the company in a report on Tuesday, June 21st. UBS Group decreased their price target on PepsiCo from $190.00 to $182.00 and set a “buy” rating for the company in a report on Tuesday, June 21st. Finally, Credit Suisse Group increased their price target on PepsiCo from $168.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday, July 13th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $182.00.

PepsiCo Price Performance

PEP stock opened at $168.60 on Friday. The stock has a market capitalization of $232.65 billion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 3.30 and a beta of 0.55. The company’s 50-day moving average is $173.32 and its 200-day moving average is $170.45. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.83 and a quick ratio of 0.64. PepsiCo, Inc. has a 1 year low of $149.48 and a 1 year high of $181.07.

PepsiCo (NASDAQ:PEPGet Rating) last released its quarterly earnings data on Tuesday, July 12th. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.13. The company had revenue of $20.23 billion for the quarter, compared to analysts’ expectations of $19.51 billion. PepsiCo had a net margin of 11.28% and a return on equity of 52.01%. The business’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.72 EPS. Equities research analysts expect that PepsiCo, Inc. will post 6.66 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 2nd will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.73%. PepsiCo’s dividend payout ratio (DPR) is presently 69.28%.

PepsiCo Profile

(Get Rating)

PepsiCo, Inc manufactures, markets, distributes, and sells various beverages and convenient foods 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.

See Also

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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