Pepsico, Inc. (PEP) Stake Boosted by Paragon Capital Management Ltd
Paragon Capital Management Ltd grew its position in shares of Pepsico, Inc. (NYSE:PEP) by 0.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,952 shares of the company’s stock after acquiring an additional 2 shares during the period. Pepsico comprises 0.4% of Paragon Capital Management Ltd’s portfolio, making the stock its 27th largest position. Paragon Capital Management Ltd’s holdings in Pepsico were worth $918,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the company. Accurate Investment Solutions Inc. raised its stake in shares of Pepsico by 0.3% during the second quarter. Accurate Investment Solutions Inc. now owns 1,851 shares of the company’s stock valued at $214,000 after acquiring an additional 5 shares during the last quarter. Northwest Wealth Management LLC raised its stake in shares of Pepsico by 0.4% during the second quarter. Northwest Wealth Management LLC now owns 2,511 shares of the company’s stock valued at $290,000 after acquiring an additional 11 shares during the last quarter. Willingdon Wealth Management raised its stake in shares of Pepsico by 0.3% during the first quarter. Willingdon Wealth Management now owns 6,381 shares of the company’s stock valued at $714,000 after acquiring an additional 16 shares during the last quarter. SRS Capital Advisors Inc. raised its stake in shares of Pepsico by 0.7% during the first quarter. SRS Capital Advisors Inc. now owns 2,710 shares of the company’s stock valued at $303,000 after acquiring an additional 20 shares during the last quarter. Finally, Alexandria Capital LLC raised its stake in Pepsico by 0.5% in the first quarter. Alexandria Capital LLC now owns 4,160 shares of the company’s stock worth $465,000 after buying an additional 21 shares in the last quarter. 70.06% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently issued reports on PEP shares. Zacks Investment Research raised shares of Pepsico from a “hold” rating to a “buy” rating and set a $132.00 price target for the company in a research note on Tuesday, August 22nd. Credit Suisse Group downgraded shares of Pepsico from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $126.00 to $124.00 in a research note on Friday, September 8th. Jefferies Group LLC reissued a “buy” rating and issued a $130.00 price target (up from $127.00) on shares of Pepsico in a research note on Thursday, July 6th. BidaskClub raised shares of Pepsico from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $115.00 price target on shares of Pepsico in a research note on Wednesday, September 6th. Six investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $124.30.
In other news, EVP Mehmood Khan sold 63,396 shares of the business’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $116.39, for a total value of $7,378,660.44. Following the completion of the sale, the executive vice president now owns 174,273 shares in the company, valued at approximately $20,283,634.47. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Indra K. Nooyi sold 452,830 shares of the business’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $116.44, for a total transaction of $52,727,525.20. Following the completion of the sale, the chairman now owns 733,315 shares of the company’s stock, valued at approximately $85,387,198.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 898,164 shares of company stock valued at $104,585,929. Company insiders own 0.26% of the company’s stock.
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Shares of Pepsico, Inc. (PEP) traded down 0.19% during midday trading on Friday, reaching $111.43. 5,122,348 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $116.31 and its 200 day moving average price is $114.69. Pepsico, Inc. has a 12-month low of $98.50 and a 12-month high of $119.39. The company has a market cap of $158.84 billion, a price-to-earnings ratio of 23.60 and a beta of 0.68.
Pepsico (NYSE:PEP) last posted its quarterly earnings results on Tuesday, July 11th. The company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.40 by $0.10. Pepsico had a net margin of 10.77% and a return on equity of 59.74%. The business had revenue of $15.71 billion during the quarter, compared to analyst estimates of $15.57 billion. During the same quarter in the previous year, the business posted $1.35 EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. Equities analysts anticipate that Pepsico, Inc. will post $5.16 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 1st were issued a $0.805 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $3.22 annualized dividend and a dividend yield of 2.89%. Pepsico’s dividend payout ratio is currently 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).
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