Regentatlantic Capital LLC Acquires 570 Shares of Pepsico, Inc. (PEP)
Regentatlantic Capital LLC raised its holdings in Pepsico, Inc. (NYSE:PEP) by 4.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 13,165 shares of the company’s stock after acquiring an additional 570 shares during the quarter. Regentatlantic Capital LLC’s holdings in Pepsico were worth $1,520,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Accurate Investment Solutions Inc. increased its position in Pepsico by 0.3% in the 2nd 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 period. Northwest Wealth Management LLC increased its position in Pepsico by 0.4% in the 2nd 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 period. Gierl Augustine Investment Management Inc increased its position in Pepsico by 0.8% in the 1st quarter. Gierl Augustine Investment Management Inc now owns 1,846 shares of the company’s stock valued at $207,000 after acquiring an additional 14 shares during the period. Willingdon Wealth Management increased its position in Pepsico by 0.3% in the 1st 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 period. Finally, SRS Capital Advisors Inc. increased its position in Pepsico by 0.7% in the 1st 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 period. Hedge funds and other institutional investors own 70.06% of the company’s stock.
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Shares of Pepsico, Inc. (NYSE PEP) traded down 0.84% on Friday, reaching $111.85. 3,746,257 shares of the company traded hands. Pepsico, Inc. has a one year low of $98.50 and a one year high of $119.39. The stock’s 50 day moving average price is $116.31 and its 200-day moving average price is $114.69. The stock has a market capitalization of $159.44 billion, a P/E ratio of 23.69 and a beta of 0.68.
Pepsico (NYSE:PEP) last released its quarterly earnings results on Tuesday, July 11th. The company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.10. The business had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $15.57 billion. Pepsico had a net margin of 10.77% and a return on equity of 59.74%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.35 earnings per share. Equities analysts forecast that Pepsico, Inc. will post $5.16 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be issued a $0.805 dividend. This represents a $3.22 annualized dividend and a yield of 2.88%. The ex-dividend date is Wednesday, August 30th. Pepsico’s dividend payout ratio (DPR) is currently 68.22%.
Several brokerages have issued reports on PEP. Zacks Investment Research cut shares of Pepsico from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. BMO Capital Markets cut shares of Pepsico from an “outperform” rating to a “market perform” rating and upped their price target for the company from $118.00 to $120.00 in a research report on Wednesday, June 7th. They noted that the move was a valuation call. Cowen and Company restated an “outperform” rating and issued a $128.00 price target on shares of Pepsico in a research report on Thursday, July 13th. Stifel Nicolaus restated a “hold” rating on shares of Pepsico in a research report on Wednesday, May 31st. Finally, Susquehanna Bancshares Inc restated a “positive” rating and issued a $133.00 price target (down from $134.00) on shares of Pepsico in a research report on Thursday, July 6th. Six equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $123.75.
In related news, EVP Mehmood Khan sold 63,396 shares of Pepsico stock in a transaction on 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 sale, the executive vice president now owns 174,273 shares in the company, valued at $20,283,634.47. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Indra K. Nooyi sold 340,449 shares of Pepsico stock in a transaction on Monday, July 24th. The shares were sold at an average price of $116.42, for a total transaction of $39,635,072.58. Following the completion of the sale, the chief executive officer now owns 733,315 shares in the company, valued at approximately $85,372,532.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 898,164 shares of company stock worth $104,585,929. 0.26% of the stock is currently owned by company insiders.
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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