Colony Group LLC increased its holdings in Pepsico, Inc. (NYSE:PEP) by 7.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 170,658 shares of the company’s stock after purchasing an additional 11,856 shares during the period. Pepsico accounts for 1.4% of Colony Group LLC’s investment portfolio, making the stock its 10th biggest position. Colony Group LLC’s holdings in Pepsico were worth $19,709,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in PEP. Parsec Financial Management Inc. boosted its holdings in Pepsico by 2.7% in the first quarter. Parsec Financial Management Inc. now owns 183,302 shares of the company’s stock valued at $20,504,000 after acquiring an additional 4,823 shares during the last quarter. QV Investors Inc. boosted its holdings in Pepsico by 18.4% in the first quarter. QV Investors Inc. now owns 37,420 shares of the company’s stock valued at $4,185,000 after acquiring an additional 5,810 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in Pepsico by 73.1% in the first quarter. State of New Jersey Common Pension Fund D now owns 1,539,600 shares of the company’s stock valued at $172,220,000 after acquiring an additional 650,000 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Pepsico by 14.6% in the first quarter. Russell Investments Group Ltd. now owns 3,881,793 shares of the company’s stock valued at $434,310,000 after acquiring an additional 495,542 shares during the last quarter. Finally, Taylor Cottrill Erickson & Associates Inc. boosted its holdings in Pepsico by 3.6% in the first quarter. Taylor Cottrill Erickson & Associates Inc. now owns 5,222 shares of the company’s stock valued at $584,000 after acquiring an additional 183 shares during the last quarter. 70.50% of the stock is owned by institutional investors and hedge funds.
In other news, insider Ramon Laguarta sold 21,449 shares of Pepsico stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $110.51, for a total transaction of $2,370,328.99. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by insiders.
A number of research analysts recently weighed in on PEP shares. Zacks Investment Research upgraded Pepsico from a “hold” rating to a “buy” rating and set a $131.00 target price on the stock in a report on Monday, December 4th. BidaskClub cut Pepsico from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Susquehanna Bancshares restated a “buy” rating and set a $135.00 price objective on shares of Pepsico in a research note on Monday, October 2nd. Credit Suisse Group restated a “hold” rating and set a $122.00 price objective (down previously from $124.00) on shares of Pepsico in a research note on Thursday, October 5th. Finally, Royal Bank of Canada restated a “hold” rating and set a $115.00 price objective on shares of Pepsico in a research note on Wednesday, September 6th. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Pepsico presently has an average rating of “Buy” and an average target price of $121.96.
Shares of Pepsico, Inc. (NYSE PEP) traded up $0.01 on Wednesday, hitting $117.40. The company’s stock had a trading volume of 2,664,600 shares, compared to its average volume of 3,660,835. The firm has a market capitalization of $166,945.36, a PE ratio of 22.93, a PEG ratio of 3.19 and a beta of 0.68. Pepsico, Inc. has a 12 month low of $101.06 and a 12 month high of $119.39. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.21 and a current ratio of 1.35.
Pepsico (NYSE:PEP) last issued its quarterly earnings data on Wednesday, October 4th. The company reported $1.48 EPS for the quarter, topping the Zacks’ 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 analysts’ expectations of $16.35 billion. During the same quarter in the previous year, the firm posted $1.40 earnings per share. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. analysts predict that Pepsico, Inc. will post 5.22 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 8th. Stockholders of record on Friday, December 1st will be given a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend is Thursday, November 30th. Pepsico’s payout ratio is 66.53%.
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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