Pepsico, Inc. (PEP) Shares Bought by KLCM Advisors Inc.
KLCM Advisors Inc. raised its stake in shares of Pepsico, Inc. (NYSE:PEP) by 2.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,490 shares of the company’s stock after buying an additional 231 shares during the quarter. KLCM Advisors Inc.’s holdings in Pepsico were worth $1,327,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Barnett & Company Inc. raised its stake in Pepsico by 270.4% during the second quarter. Barnett & Company Inc. now owns 900 shares of the company’s stock valued at $104,000 after buying an additional 657 shares during the last quarter. Aviance Capital Management LLC bought a new stake in shares of Pepsico in the 2nd quarter worth $111,000. Asset Planning Services Ltd. increased its holdings in shares of Pepsico by 0.3% in the 2nd quarter. Asset Planning Services Ltd. now owns 1,006 shares of the company’s stock worth $116,000 after purchasing an additional 3 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Pepsico by 5.9% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,211 shares of the company’s stock worth $138,000 after purchasing an additional 67 shares in the last quarter. Finally, Riggs Asset Managment Co. Inc. increased its holdings in shares of Pepsico by 14.9% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 1,270 shares of the company’s stock worth $142,000 after purchasing an additional 165 shares in the last quarter. Institutional investors and hedge funds own 70.50% of the company’s stock.
Shares of Pepsico, Inc. (NYSE PEP) traded up $0.82 on Tuesday, hitting $117.39. The company had a trading volume of 2,429,300 shares, compared to its average volume of 3,665,022. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 2.32. Pepsico, Inc. has a one year low of $101.06 and a one year high of $119.39. The company has a market capitalization of $165,779.20, a price-to-earnings ratio of 22.77, a P/E/G ratio of 3.17 and a beta of 0.68.
Pepsico (NYSE:PEP) last issued 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 company had revenue of $16.24 billion during the quarter, compared to analyst estimates of $16.35 billion. During the same quarter in the previous year, the company posted $1.40 earnings per share. Pepsico’s revenue was up 1.3% compared to the same quarter last year. research analysts anticipate that Pepsico, Inc. will post 5.22 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 8th. Investors of record on Friday, December 1st will be issued a $0.805 dividend. This represents a $3.22 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Thursday, November 30th. Pepsico’s payout ratio is currently 66.53%.
In related news, insider Ramon Laguarta sold 21,449 shares of Pepsico stock in a transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.26% of the company’s stock.
A number of analysts have commented on the company. Zacks Investment Research raised Pepsico from a “sell” rating to a “hold” rating in a report on Tuesday. BidaskClub raised Pepsico from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Susquehanna Bancshares reissued a “buy” rating and issued a $135.00 target price on shares of Pepsico in a report on Monday, October 2nd. Jefferies Group lowered Pepsico from a “buy” rating to a “hold” rating and reduced their target price for the stock from $133.00 to $108.00 in a report on Monday, October 2nd. Finally, Credit Suisse Group reissued a “hold” rating and issued a $122.00 target price (down previously from $124.00) on shares of Pepsico in a report on Thursday, October 5th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Pepsico currently has a consensus rating of “Buy” and a consensus target price of $121.96.
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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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