Pepsico, Inc. (PEP) Holdings Maintained by Yorktown Management & Research Co Inc
Yorktown Management & Research Co Inc maintained its position in shares of Pepsico, Inc. (NYSE:PEP) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,200 shares of the company’s stock at the end of the second quarter. Yorktown Management & Research Co Inc’s holdings in Pepsico were worth $254,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently bought and sold shares of PEP. BT Investment Management Ltd acquired a new position in Pepsico in the 2nd quarter worth approximately $10,610,000. Destination Wealth Management increased its holdings in Pepsico by 8.5% in the 2nd quarter. Destination Wealth Management now owns 38,557 shares of the company’s stock worth $4,453,000 after buying an additional 3,015 shares during the period. Amalgamated Bank increased its holdings in Pepsico by 54.8% in the 2nd quarter. Amalgamated Bank now owns 167,682 shares of the company’s stock worth $19,366,000 after buying an additional 59,341 shares during the period. Edmond DE Rothschild Holding S.A. increased its holdings in Pepsico by 0.6% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 60,875 shares of the company’s stock worth $7,030,000 after buying an additional 389 shares during the period. Finally, Richard C. Young & CO. LTD. increased its holdings in Pepsico by 22.4% in the 2nd quarter. Richard C. Young & CO. LTD. now owns 9,023 shares of the company’s stock worth $1,042,000 after buying an additional 1,654 shares during the period. Hedge funds and other institutional investors own 70.50% of the company’s stock.
In other Pepsico news, insider Ramon Laguarta sold 21,449 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $110.51, for a total value of $2,370,328.99. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.26% of the company’s stock.
Several brokerages recently weighed in on PEP. BidaskClub upgraded shares of Pepsico from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Zacks Investment Research upgraded shares of Pepsico from a “hold” rating to a “buy” rating and set a $132.00 price target on the stock in a report on Tuesday, August 22nd. Credit Suisse Group downgraded shares of Pepsico from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $126.00 to $124.00 in a report on Friday, September 8th. Royal Bank Of Canada reiterated a “hold” rating and issued a $115.00 price target on shares of Pepsico in a report on Wednesday, September 6th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $120.00 price target on shares of Pepsico in a report on Wednesday, September 6th. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $121.96.
Pepsico, Inc. (PEP) traded down $2.17 during trading on Friday, reaching $116.73. The company’s stock had a trading volume of 5,409,500 shares, compared to its average volume of 3,672,536. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 2.32. Pepsico, Inc. has a 1-year low of $101.06 and a 1-year high of $119.39. The stock has a market cap of $169,092.80, a price-to-earnings ratio of 23.22, a PEG ratio of 3.23 and a beta of 0.68.
Pepsico (NYSE:PEP) last released its quarterly earnings data on Wednesday, October 4th. The company reported $1.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.05. Pepsico had a return on equity of 59.68% and a net margin of 10.97%. The business had revenue of $16.24 billion for the quarter, compared to analyst estimates of $16.35 billion. During the same quarter in the prior year, the firm posted $1.40 EPS. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. sell-side analysts forecast that Pepsico, Inc. will post 5.22 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 8th. Shareholders of record on Friday, December 1st will be given a $0.805 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $3.22 annualized dividend and a yield of 2.76%. Pepsico’s dividend payout ratio is presently 66.53%.
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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