PepsiCo, Inc. (PEP) Stake Lessened by M&R Capital Management Inc.

M&R Capital Management Inc. reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,390 shares of the company’s stock after selling 1,294 shares during the period. PepsiCo comprises approximately 1.6% of M&R Capital Management Inc.’s portfolio, making the stock its 21st largest position. M&R Capital Management Inc.’s holdings in PepsiCo were worth $6,009,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its position in PepsiCo by 10.4% in the fourth quarter. LPL Financial LLC now owns 530,696 shares of the company’s stock valued at $58,631,000 after acquiring an additional 50,025 shares during the last quarter. Spectrum Management Group Inc. lifted its position in PepsiCo by 26.2% in the fourth quarter. Spectrum Management Group Inc. now owns 1,319 shares of the company’s stock valued at $146,000 after acquiring an additional 274 shares during the last quarter. BancorpSouth Bank lifted its position in PepsiCo by 8.5% in the fourth quarter. BancorpSouth Bank now owns 36,095 shares of the company’s stock valued at $3,988,000 after acquiring an additional 2,831 shares during the last quarter. Lindbrook Capital LLC purchased a new stake in PepsiCo in the fourth quarter valued at $296,000. Finally, First Trust Advisors LP lifted its position in PepsiCo by 10.5% in the fourth quarter. First Trust Advisors LP now owns 1,032,917 shares of the company’s stock valued at $114,117,000 after acquiring an additional 98,038 shares during the last quarter. 71.44% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Vivek Sankaran sold 13,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $117.28, for a total value of $1,524,640.00. Following the completion of the sale, the chief executive officer now directly owns 90,379 shares of the company’s stock, valued at $10,599,649.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Ramon Laguarta sold 15,431 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $129.43, for a total transaction of $1,997,234.33. Following the completion of the sale, the chairman now directly owns 232,394 shares of the company’s stock, valued at $30,078,755.42. The disclosure for this sale can be found here. Insiders sold 61,494 shares of company stock valued at $7,698,345 over the last ninety days. Corporate insiders own 0.28% of the company’s stock.

Shares of NASDAQ:PEP opened at $130.07 on Thursday. PepsiCo, Inc. has a one year low of $99.61 and a one year high of $130.87. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.94 and a quick ratio of 0.75. The stock has a market capitalization of $180.91 billion, a PE ratio of 22.98, a price-to-earnings-growth ratio of 3.35 and a beta of 0.66.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Wednesday, April 17th. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. PepsiCo had a net margin of 19.37% and a return on equity of 65.12%. The business had revenue of $12.88 billion during the quarter, compared to analysts’ expectations of $12.68 billion. During the same period in the prior year, the company earned $0.96 earnings per share. The business’s revenue was up 2.6% compared to the same quarter last year. As a group, sell-side analysts predict that PepsiCo, Inc. will post 5.51 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a $0.955 dividend. This represents a $3.82 dividend on an annualized basis and a dividend yield of 2.94%. This is a boost from PepsiCo’s previous quarterly dividend of $0.93. The ex-dividend date is Thursday, June 6th. PepsiCo’s dividend payout ratio is presently 65.55%.

A number of equities research analysts recently weighed in on PEP shares. Goldman Sachs Group set a $132.00 price target on shares of PepsiCo and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Royal Bank of Canada set a $115.00 price target on shares of PepsiCo and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Zacks Investment Research cut shares of PepsiCo from a “hold” rating to a “sell” rating in a research report on Thursday, February 21st. Morgan Stanley boosted their price target on shares of PepsiCo from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Tuesday, February 19th. Finally, SunTrust Banks boosted their price target on shares of PepsiCo to $120.00 and gave the company a “hold” rating in a research report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $124.65.

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PepsiCo Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

Further Reading: Market Capitalization and Individual Investors

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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