Pepsico, Inc. (PEP) Shares Sold by KBC Group NV
KBC Group NV lessened its stake in shares of Pepsico, Inc. (NYSE:PEP) by 10.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,037,549 shares of the company’s stock after selling 123,457 shares during the quarter. Pepsico comprises about 1.2% of KBC Group NV’s investment portfolio, making the stock its 11th biggest holding. KBC Group NV owned 0.07% of Pepsico worth $119,827,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of PEP. Barnett & Company Inc. boosted its holdings in Pepsico by 270.4% during the second quarter. Barnett & Company Inc. now owns 900 shares of the company’s stock worth $104,000 after buying an additional 657 shares in the last quarter. Asset Planning Services Ltd. boosted its holdings in Pepsico by 0.3% during the second quarter. Asset Planning Services Ltd. now owns 1,006 shares of the company’s stock worth $116,000 after buying an additional 3 shares in the last quarter. Riggs Asset Managment Co. Inc. boosted its holdings in Pepsico by 14.9% during the first quarter. Riggs Asset Managment Co. Inc. now owns 1,270 shares of the company’s stock worth $142,000 after buying an additional 165 shares in the last quarter. Millie Capital Management LLC bought a new stake in Pepsico during the first quarter worth approximately $202,000. Finally, S. R. Schill & Associates bought a new stake in Pepsico during the second quarter worth approximately $203,000. Institutional investors and hedge funds own 70.21% of the company’s stock.
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A number of analysts recently weighed in on the stock. Zacks Investment Research cut shares of Pepsico from a “buy” rating to a “hold” rating in a report on Monday, September 4th. BMO Capital Markets reaffirmed a “hold” rating and issued a $120.00 price objective on shares of Pepsico in a research note on Wednesday, September 6th. BidaskClub raised shares of Pepsico from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Cowen and Company reaffirmed a “buy” rating on shares of Pepsico in a research note on Sunday, September 17th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating on shares of Pepsico in a research note on Sunday, November 12th. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $121.35.
In related news, insider Ramon Laguarta sold 21,449 shares of Pepsico stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $110.51, for a total value of $2,370,328.99. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.26% of the company’s stock.
Pepsico, Inc. (PEP) opened at $115.08 on Thursday. The firm has a market cap of $163,660.00, a price-to-earnings ratio of 22.44, a PEG ratio of 3.12 and a beta of 0.66. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.21 and a current ratio of 1.35. Pepsico, Inc. has a twelve month low of $98.50 and a twelve month high of $119.39.
Pepsico (NYSE:PEP) last released its quarterly earnings results on Wednesday, October 4th. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.05. The business had revenue of $16.24 billion for the quarter, compared to the consensus estimate of $16.35 billion. Pepsico had a net margin of 10.97% and a return on equity of 59.68%. Pepsico’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.40 EPS. sell-side analysts forecast that Pepsico, Inc. will post 5.22 earnings per share for the current fiscal year.
The company also recently announced 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. The ex-dividend date is Thursday, November 30th. This represents a $3.22 annualized dividend and a yield of 2.80%. Pepsico’s dividend payout ratio (DPR) is presently 66.53%.
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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