LGT Capital Partners LTD. trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 9.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 269,453 shares of the company’s stock after selling 26,900 shares during the period. PepsiCo makes up approximately 2.6% of LGT Capital Partners LTD.’s portfolio, making the stock its 10th largest holding. LGT Capital Partners LTD.’s holdings in PepsiCo were worth $35,333,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in PepsiCo by 2.4% in the 4th quarter. BlackRock Inc. now owns 97,102,071 shares of the company’s stock worth $10,727,836,000 after acquiring an additional 2,275,511 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in PepsiCo by 10,622.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 34,704,199 shares of the company’s stock worth $314,000 after acquiring an additional 34,380,553 shares during the last quarter. Northern Trust Corp raised its holdings in PepsiCo by 3.2% in the 4th quarter. Northern Trust Corp now owns 20,185,841 shares of the company’s stock worth $2,230,132,000 after acquiring an additional 623,727 shares during the last quarter. FMR LLC raised its holdings in PepsiCo by 0.8% in the 1st quarter. FMR LLC now owns 10,952,213 shares of the company’s stock worth $1,342,194,000 after acquiring an additional 84,974 shares during the last quarter. Finally, Yacktman Asset Management LP raised its holdings in PepsiCo by 0.9% in the 4th quarter. Yacktman Asset Management LP now owns 7,691,249 shares of the company’s stock worth $849,729,000 after acquiring an additional 68,176 shares during the last quarter. Hedge funds and other institutional investors own 71.10% of the company’s stock.

In other news, CEO Steven C. Williams sold 2,420 shares of the business’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $133.95, for a total transaction of $324,159.00. Following the completion of the sale, the chief executive officer now owns 54,920 shares of the company’s stock, valued at approximately $7,356,534. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Ramon Laguarta sold 15,431 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $129.43, for a total transaction of $1,997,234.33. Following the sale, the chairman now directly owns 232,394 shares of the company’s stock, valued at approximately $30,078,755.42. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,114 shares of company stock valued at $5,515,142. Insiders own 0.28% of the company’s stock.

Shares of PEP stock traded up $0.46 during mid-day trading on Tuesday, reaching $130.74. 3,855,612 shares of the company’s stock traded hands, compared to its average volume of 4,796,686. PepsiCo, Inc. has a 12 month low of $104.53 and a 12 month high of $135.24. The firm’s 50 day moving average price is $132.59. The company has a quick ratio of 0.66, a current ratio of 0.86 and a debt-to-equity ratio of 1.97. The stock has a market cap of $183.03 billion, a price-to-earnings ratio of 23.10, a PEG ratio of 3.38 and a beta of 0.60.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, July 9th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.05. PepsiCo had a net margin of 19.59% and a return on equity of 59.50%. The firm had revenue of $16.45 billion during the quarter, compared to the consensus estimate of $16.44 billion. During the same quarter in the previous year, the firm posted $1.61 EPS. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, research analysts anticipate that PepsiCo, Inc. will post 5.51 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be given a dividend of $0.955 per share. This represents a $3.82 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Thursday, September 5th. PepsiCo’s payout ratio is 67.49%.

A number of equities research analysts have commented on PEP shares. Jefferies Financial Group lifted their target price on shares of PepsiCo from $123.00 to $134.00 and gave the stock a “hold” rating in a research report on Wednesday, July 10th. Cowen lifted their target price on shares of PepsiCo from $142.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 10th. SunTrust Banks reaffirmed a “hold” rating and issued a $125.00 target price on shares of PepsiCo in a research report on Wednesday, July 10th. BMO Capital Markets downgraded shares of GLENCORE PLC/ADR from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 10th. Finally, UBS Group lifted their target price on shares of Willis Towers Watson from $202.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $128.53.

About PepsiCo

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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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