Signaturefd LLC Purchases 3,599 Shares of Pepsico, Inc. (PEP)
Signaturefd LLC boosted its stake in shares of Pepsico, Inc. (NYSE:PEP) by 21.5% during the first quarter, Holdings Channel reports. The fund owned 20,312 shares of the company’s stock after buying an additional 3,599 shares during the period. Signaturefd LLC’s holdings in Pepsico were worth $2,272,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Pepsico during the fourth quarter valued at $1,492,411,000. Canada Pension Plan Investment Board boosted its position in shares of Pepsico by 92.5% in the first quarter. Canada Pension Plan Investment Board now owns 3,317,230 shares of the company’s stock valued at $371,065,000 after buying an additional 1,593,550 shares during the last quarter. Karp Capital Management Corp purchased a new position in shares of Pepsico during the first quarter valued at $112,080,000. Bank of Montreal Can boosted its position in shares of Pepsico by 16.6% in the first quarter. Bank of Montreal Can now owns 5,812,519 shares of the company’s stock valued at $650,189,000 after buying an additional 827,376 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of Pepsico during the fourth quarter valued at $83,989,000. 70.52% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Pepsico, Inc. (NYSE PEP) traded up 0.11% during mid-day trading on Friday, hitting $116.51. 2,759,739 shares of the stock traded hands. The stock has a 50 day moving average price of $115.87 and a 200-day moving average price of $112.81. Pepsico, Inc. has a one year low of $98.50 and a one year high of $118.24. The company has a market cap of $166.09 billion, a P/E ratio of 24.67 and a beta of 0.67.
Pepsico (NYSE:PEP) last released its quarterly earnings data 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 analyst estimates of $15.57 billion. Pepsico had a return on equity of 59.74% and a net margin of 10.77%. The company’s revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.35 EPS. On average, analysts forecast 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. Stockholders of record on Friday, September 1st will be paid a $0.805 dividend. This represents a $3.22 annualized dividend and a dividend yield of 2.76%. The ex-dividend date is Wednesday, August 30th. Pepsico’s dividend payout ratio is currently 68.22%.
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Several research analysts have recently weighed in on PEP shares. Zacks Investment Research cut shares of Pepsico from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. BMO Capital Markets reissued a “buy” rating and set a $115.00 price target on shares of Pepsico in a research report on Thursday, April 27th. Jefferies Group LLC reissued a “buy” rating and set a $127.00 price target on shares of Pepsico in a research report on Friday, May 19th. Vetr raised shares of Pepsico from a “buy” rating to a “strong-buy” rating and set a $125.54 price target on the stock in a research report on Wednesday, May 3rd. Finally, Susquehanna Bancshares Inc reissued a “positive” rating and set a $134.00 price target (up previously from $132.00) on shares of Pepsico in a research report on Monday, May 1st. Six 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 company. Pepsico currently has a consensus rating of “Buy” and a consensus price target of $123.40.
In other news, SVP Marie T. Gallagher sold 41,489 shares of Pepsico stock in a transaction dated 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 transaction, the senior vice president now directly owns 76,037 shares of the company’s stock, valued at approximately $8,878,840.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mehmood Khan sold 63,396 shares of Pepsico 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 transaction, 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 a total of 898,164 shares of company stock worth $104,585,929 over the last ninety days. Corporate insiders own 0.26% of the company’s stock.
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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