NS Partners Ltd Boosts Stake in Pepsico, Inc. (PEP)
NS Partners Ltd raised its stake in Pepsico, Inc. (NYSE:PEP) by 24.3% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 144,721 shares of the company’s stock after buying an additional 28,322 shares during the period. Pepsico comprises approximately 2.3% of NS Partners Ltd’s holdings, making the stock its 5th largest position. NS Partners Ltd’s holdings in Pepsico were worth $16,188,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of PEP. Leith Wheeler Investment Counsel Ltd. acquired a new stake in shares of Pepsico during the first quarter valued at approximately $157,000. Cigna Investments Inc. New acquired a new stake in shares of Pepsico during the fourth quarter valued at approximately $7,843,000. Norges Bank acquired a new stake in shares of Pepsico during the fourth quarter valued at approximately $1,492,411,000. AE Wealth Management LLC acquired a new stake in shares of Pepsico during the fourth quarter valued at approximately $544,000. Finally, National Pension Service boosted its stake in shares of Pepsico by 2.0% in the first quarter. National Pension Service now owns 945,000 shares of the company’s stock valued at $106,010,000 after buying an additional 18,835 shares in the last quarter. Institutional investors own 70.52% of the company’s stock.
Pepsico, Inc. (NYSE PEP) traded up 0.11% on Friday, hitting $116.51. 2,759,739 shares of the stock traded hands. The company has a market cap of $166.09 billion, a price-to-earnings ratio of 24.67 and a beta of 0.67. The stock has a 50-day moving average price of $115.87 and a 200 day moving average price of $112.81. Pepsico, Inc. has a 1-year low of $98.50 and a 1-year high of $118.24.
Pepsico (NYSE:PEP) last announced its quarterly earnings data on Tuesday, July 11th. The company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.40 by $0.10. The company had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $15.57 billion. Pepsico had a net margin of 10.77% and a return on equity of 59.74%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.35 EPS. On average, analysts anticipate that Pepsico, Inc. will post $5.16 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be given a dividend of $0.805 per share. This represents a $3.22 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Wednesday, August 30th. Pepsico’s dividend payout ratio (DPR) is 68.22%.
Several equities research analysts have recently commented on PEP shares. Zacks Investment Research cut shares of Pepsico from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Jefferies Group LLC reiterated a “buy” rating and set a $130.00 price target (up previously from $127.00) on shares of Pepsico in a research report on Thursday, July 6th. Vetr upgraded shares of Pepsico from a “hold” rating to a “buy” rating and set a $125.54 price target for the company in a research report on Wednesday, April 26th. Credit Suisse Group reiterated a “buy” rating on shares of Pepsico in a research report on Thursday, April 27th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $115.00 price target on shares of Pepsico in a research report on Thursday, April 27th. 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’s stock. The stock currently has an average rating of “Buy” and an average price target of $123.40.
In other news, Chairman Indra K. Nooyi sold 452,830 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chairman now owns 733,315 shares of the company’s stock, valued at approximately $85,387,198.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Marie T. Gallagher sold 41,489 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $116.77, for a total transaction of $4,844,670.53. Following the sale, the senior vice president now directly owns 76,037 shares of the company’s stock, valued at approximately $8,878,840.49. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 898,164 shares of company stock valued at $104,585,929. Insiders own 0.26% of the company’s stock.
Pepsico Company Profile
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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