Iberiabank Corp boosted its stake in Pepsico, Inc. (NYSE:PEP) by 7.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,106 shares of the company’s stock after buying an additional 275 shares during the period. Iberiabank Corp’s holdings in Pepsico were worth $474,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Gierl Augustine Investment Management Inc raised its holdings in Pepsico by 0.8% in the 1st quarter. Gierl Augustine Investment Management Inc now owns 1,846 shares of the company’s stock valued at $207,000 after buying an additional 14 shares during the period. Willingdon Wealth Management raised its holdings in Pepsico by 0.3% in the 1st quarter. Willingdon Wealth Management now owns 6,381 shares of the company’s stock valued at $714,000 after buying an additional 16 shares during the period. SRS Capital Advisors Inc. raised its holdings in Pepsico by 0.7% in the 1st quarter. SRS Capital Advisors Inc. now owns 2,710 shares of the company’s stock valued at $303,000 after buying an additional 20 shares during the period. Alexandria Capital LLC raised its holdings in Pepsico by 0.5% in the 1st quarter. Alexandria Capital LLC now owns 4,160 shares of the company’s stock valued at $465,000 after buying an additional 21 shares during the period. Finally, Clear Harbor Asset Management LLC raised its holdings in Pepsico by 0.6% in the 1st quarter. Clear Harbor Asset Management LLC now owns 4,159 shares of the company’s stock valued at $465,000 after buying an additional 26 shares during the period. Hedge funds and other institutional investors own 70.06% of the company’s stock.

Several research firms have weighed in on PEP. Cowen and Company reaffirmed a “buy” rating on shares of Pepsico in a research report on Sunday, September 17th. Macquarie began coverage on Pepsico in a research report on Thursday, September 14th. They issued an “outperform” rating and a $125.00 target price for the company. Credit Suisse Group downgraded Pepsico from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $126.00 to $124.00 in a research report on Friday, September 8th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $115.00 target price on shares of Pepsico in a research report on Wednesday, September 6th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $120.00 target price on shares of Pepsico in a research report on Wednesday, September 6th. Six investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $123.75.

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In other news, Chairman Indra K. Nooyi sold 452,830 shares of Pepsico stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $116.44, for a total value of $52,727,525.20. Following the completion of the transaction, the chairman now owns 733,315 shares in the company, valued at approximately $85,387,198.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Mehmood Khan sold 63,396 shares of Pepsico stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $116.39, for a total value of $7,378,660.44. Following the completion of the transaction, the executive vice president now owns 174,273 shares of the company’s stock, valued at approximately $20,283,634.47. The disclosure for this sale can be found here. In the last quarter, insiders sold 898,164 shares of company stock valued at $104,585,929. Insiders own 0.26% of the company’s stock.

Shares of Pepsico, Inc. (NYSE:PEP) traded down 0.84% during trading on Friday, hitting $111.85. The stock had a trading volume of 3,746,257 shares. The stock’s 50-day moving average price is $116.31 and its 200-day moving average price is $114.69. The company has a market cap of $159.44 billion, a P/E ratio of 23.69 and a beta of 0.68. Pepsico, Inc. has a one year low of $98.50 and a one year high of $119.39.

Pepsico (NYSE:PEP) last issued its earnings results 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 analyst estimates of $15.57 billion. Pepsico had a return on equity of 59.74% and a net margin of 10.77%. The business’s revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.35 EPS. On average, equities research analysts forecast that Pepsico, Inc. will post $5.16 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be given a $0.805 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.22 annualized dividend and a dividend yield of 2.88%. Pepsico’s payout ratio is 68.22%.

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).

Institutional Ownership by Quarter for Pepsico (NYSE:PEP)

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