Plancorp LLC Has $4.52 Million Position in Pepsico, Inc. (PEP)
Plancorp LLC cut its stake in Pepsico, Inc. (NYSE:PEP) by 1.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,077 shares of the company’s stock after selling 401 shares during the period. Pepsico accounts for 1.3% of Plancorp LLC’s investment portfolio, making the stock its 14th largest holding. Plancorp LLC’s holdings in Pepsico were worth $4,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently made changes to their positions in the stock. Accurate Investment Solutions Inc. boosted its holdings in Pepsico by 0.3% in 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 boosted its holdings in Pepsico by 0.4% in 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 boosted its holdings in Pepsico by 0.3% in 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. boosted its holdings in Pepsico by 0.7% in 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 boosted its holdings in Pepsico by 0.5% in the first quarter. Alexandria Capital LLC now owns 4,160 shares of the company’s stock valued at $465,000 after acquiring an additional 21 shares during the last quarter. Institutional investors and hedge funds own 70.06% of the company’s stock.
In other Pepsico news, SVP Marie T. Gallagher sold 41,489 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $116.77, for a total value of $4,844,670.53. Following the sale, the senior vice president now directly owns 76,037 shares of the company’s stock, valued at $8,878,840.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mehmood Khan sold 63,396 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 174,273 shares in the company, valued at $20,283,634.47. The disclosure for this sale can be found here. Insiders sold 898,164 shares of company stock worth $104,585,929 over the last three months. Corporate insiders own 0.26% of the company’s stock.
Shares of Pepsico, Inc. (NYSE:PEP) traded down 0.05% during trading on Friday, hitting $110.40. The company had a trading volume of 3,240,259 shares. Pepsico, Inc. has a 1-year low of $98.50 and a 1-year high of $119.39. The company’s 50 day moving average is $114.11 and its 200 day moving average is $114.73. The firm has a market capitalization of $157.00 billion, a P/E ratio of 22.81 and a beta of 0.68.
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 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 for the quarter, compared to analyst estimates of $16.35 billion. During the same period in the previous year, the company posted $1.40 earnings per share. The firm’s revenue was up 1.3% on a year-over-year basis. Analysts anticipate that Pepsico, Inc. will post $5.22 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 1st were issued a $0.805 dividend. This represents a $3.22 annualized dividend and a yield of 2.92%. The ex-dividend date was Wednesday, August 30th. Pepsico’s dividend payout ratio (DPR) is 66.53%.
A number of equities analysts have issued reports on the company. Zacks Investment Research cut Pepsico from a “buy” rating to a “hold” rating in a report on Monday, September 4th. Susquehanna Bancshares Inc restated a “positive” rating and set a $133.00 price target (down from $134.00) on shares of Pepsico in a report on Thursday, July 6th. BidaskClub upgraded Pepsico from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. BMO Capital Markets restated a “hold” rating and set a $120.00 price target on shares of Pepsico in a report on Wednesday, September 6th. Finally, Cowen and Company restated a “buy” rating on shares of Pepsico in a report on Sunday, September 17th. Seven equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $121.71.
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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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