Middleton & Co Inc MA Purchases 10,175 Shares of PepsiCo, Inc. (PEP)
Middleton & Co Inc MA increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 25.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,912 shares of the company’s stock after acquiring an additional 10,175 shares during the period. Middleton & Co Inc MA’s holdings in PepsiCo were worth $5,625,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the stock. Tarbox Family Office Inc. grew its holdings in PepsiCo by 253.9% during the 3rd quarter. Tarbox Family Office Inc. now owns 6,200 shares of the company’s stock worth $693,000 after acquiring an additional 4,448 shares in the last quarter. QUANTRES ASSET MANAGEMENT Ltd bought a new position in PepsiCo during the 3rd quarter worth about $693,000. Bell Asset Management Ltd grew its holdings in PepsiCo by 6.5% during the 3rd quarter. Bell Asset Management Ltd now owns 91,023 shares of the company’s stock worth $10,176,000 after acquiring an additional 5,532 shares in the last quarter. CWM LLC grew its holdings in PepsiCo by 167.0% during the 3rd quarter. CWM LLC now owns 12,006 shares of the company’s stock worth $1,342,000 after acquiring an additional 7,510 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in PepsiCo by 58.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 115,561 shares of the company’s stock worth $12,920,000 after acquiring an additional 42,674 shares in the last quarter. Institutional investors and hedge funds own 72.30% of the company’s stock.
A number of analysts have recently weighed in on the stock. Zacks Investment Research restated a “sell” rating on shares of PepsiCo in a report on Monday, December 31st. ValuEngine cut shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Saturday, January 5th. BidaskClub cut shares of PepsiCo from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 9th. Barclays restated a “hold” rating and issued a $111.00 price target (up from $104.00) on shares of PepsiCo in a report on Monday, February 18th. Finally, Jefferies Financial Group raised their price target on shares of PepsiCo to $119.00 and gave the company a “hold” rating in a report on Tuesday, February 19th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $123.00.
PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Wednesday, April 17th. The company reported $0.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.05. The firm had revenue of $12.88 billion during the quarter, compared to analyst estimates of $12.68 billion. PepsiCo had a net margin of 19.37% and a return on equity of 65.12%. PepsiCo’s revenue was up 2.6% on a year-over-year basis. During the same period last year, the firm posted $0.96 EPS. Analysts expect that PepsiCo, Inc. will post 5.51 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 1st were given a $0.9275 dividend. This represents a $3.71 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend was Thursday, February 28th. PepsiCo’s payout ratio is currently 65.55%.
In related news, CEO Vivek Sankaran sold 13,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $117.28, for a total value of $1,524,640.00. Following the completion of the transaction, the chief executive officer now directly owns 90,379 shares of the company’s stock, valued at approximately $10,599,649.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.28% of the company’s stock.
PepsiCo Company Profile
PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.
Featured Article: Stock Symbols, CUSIP and Other Stock Identifiers
Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP).
Receive News & Ratings for PepsiCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo and related companies with MarketBeat.com's FREE daily email newsletter.