Pepsico, Inc. (PEP) Stake Held by F&V Capital Management LLC
F&V Capital Management LLC maintained its stake in Pepsico, Inc. (NYSE:PEP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,723 shares of the company’s stock at the close of the second quarter. F&V Capital Management LLC’s holdings in Pepsico were worth $314,000 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. Schwab Charles Investment Management Inc. increased its stake in Pepsico by 3.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 7,543,614 shares of the company’s stock worth $843,829,000 after purchasing an additional 280,480 shares in the last quarter. Fisher Asset Management LLC increased its stake in Pepsico by 0.9% in the 1st quarter. Fisher Asset Management LLC now owns 5,497,671 shares of the company’s stock worth $614,970,000 after purchasing an additional 50,154 shares in the last quarter. Pioneer Investment Management Inc. increased its stake in Pepsico by 19.9% in the 1st quarter. Pioneer Investment Management Inc. now owns 4,414,828 shares of the company’s stock worth $493,842,000 after purchasing an additional 733,294 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Pepsico by 14.6% in the 1st quarter. Russell Investments Group Ltd. now owns 3,881,793 shares of the company’s stock worth $434,310,000 after purchasing an additional 495,542 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in Pepsico by 92.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 3,317,230 shares of the company’s stock worth $371,065,000 after purchasing an additional 1,593,550 shares in the last quarter. 70.06% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Pepsico, Inc. (NYSE:PEP) traded down 0.04% during midday trading on Tuesday, hitting $111.90. The stock had a trading volume of 1,052,870 shares. Pepsico, Inc. has a one year low of $98.50 and a one year high of $119.39. The firm’s 50-day moving average is $116.31 and its 200 day moving average is $114.69. The company has a market capitalization of $159.51 billion, a PE ratio of 23.70 and a beta of 0.68.
Pepsico (NYSE:PEP) last posted its quarterly earnings data on Tuesday, July 11th. The company reported $1.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.10. The business had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $15.57 billion. Pepsico had a return on equity of 59.74% and a net margin of 10.77%. Pepsico’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the company earned $1.35 earnings per share. Equities analysts expect that Pepsico, Inc. will post $5.16 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be issued a dividend of $0.805 per share. The ex-dividend date is Wednesday, August 30th. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.88%. Pepsico’s payout ratio is presently 68.22%.
PEP has been the topic of a number of analyst reports. Jefferies Group LLC reissued a “buy” rating and issued a $133.00 price target (up previously from $130.00) on shares of Pepsico in a research note on Wednesday, July 12th. Zacks Investment Research raised Pepsico from a “hold” rating to a “buy” rating and set a $129.00 price target on the stock in a research note on Friday, July 14th. BidaskClub raised Pepsico from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Cowen and Company reissued a “buy” rating on shares of Pepsico in a research note on Sunday, September 17th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Pepsico in a research note on Wednesday, May 31st. Six equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $123.75.
In related news, SVP Marie T. Gallagher sold 41,489 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $116.77, for a total transaction of $4,844,670.53. Following the completion of the transaction, the senior vice president now directly owns 76,037 shares in the company, valued at $8,878,840.49. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Mehmood Khan sold 63,396 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 174,273 shares of the company’s stock, valued at $20,283,634.47. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 898,164 shares of company stock valued at $104,585,929. 0.26% of the stock is owned by corporate insiders.
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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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