PepsiCo, Inc. (PEP) Shares Bought by Saturna Capital CORP

Saturna Capital CORP grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 494,955 shares of the company’s stock after acquiring an additional 1,050 shares during the quarter. PepsiCo comprises about 1.8% of Saturna Capital CORP’s holdings, making the stock its 14th largest position. Saturna Capital CORP’s holdings in PepsiCo were worth $54,683,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of PEP. Highwater Wealth Management LLC acquired a new position in shares of PepsiCo during the 4th quarter valued at about $28,000. Horan Securities Inc. increased its position in PepsiCo by 460.0% during the 4th quarter. Horan Securities Inc. now owns 280 shares of the company’s stock worth $30,000 after purchasing an additional 230 shares in the last quarter. 1 North Wealth Services LLC acquired a new stake in PepsiCo during the 4th quarter worth approximately $39,000. Financial Gravity Companies Inc. acquired a new stake in PepsiCo during the 4th quarter worth approximately $41,000. Finally, Sound Income Strategies LLC increased its position in PepsiCo by 50.8% during the 4th quarter. Sound Income Strategies LLC now owns 597 shares of the company’s stock worth $66,000 after purchasing an additional 201 shares in the last quarter. 71.44% of the stock is owned by institutional investors.

In related news, SVP Marie T. Gallagher sold 7,800 shares of the firm’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $125.99, for a total transaction of $982,722.00. Following the transaction, the senior vice president now directly owns 55,665 shares in the company, valued at $7,013,233.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vivek Sankaran sold 13,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $117.28, for a total value of $1,524,640.00. Following the transaction, the chief executive officer now owns 90,379 shares in the company, valued at $10,599,649.12. The disclosure for this sale can be found here. Insiders have sold 61,494 shares of company stock worth $7,698,345 over the last 90 days. 0.28% of the stock is currently owned by company insiders.

A number of equities analysts have weighed in on PEP shares. ValuEngine upgraded PepsiCo from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Zacks Investment Research upgraded PepsiCo from a “sell” rating to a “hold” rating in a report on Tuesday, February 12th. Goldman Sachs Group upgraded PepsiCo from a “sell” rating to a “neutral” rating and upped their price target for the stock from $111.00 to $132.00 in a report on Thursday, April 18th. Jefferies Financial Group upped their price target on PepsiCo to $119.00 and gave the stock a “hold” rating in a report on Tuesday, February 19th. They noted that the move was a valuation call. Finally, Bank of America upped their price target on PepsiCo from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $124.65.

Shares of PepsiCo stock traded down $0.06 on Friday, hitting $129.91. 6,876 shares of the company’s stock traded hands, compared to its average volume of 4,937,416. The stock has a market cap of $182.04 billion, a P/E ratio of 22.95, a price-to-earnings-growth ratio of 3.35 and a beta of 0.66. The company has a current ratio of 0.94, a quick ratio of 0.75 and a debt-to-equity ratio of 1.99. PepsiCo, Inc. has a 52-week low of $99.65 and a 52-week high of $130.90.

PepsiCo (NASDAQ:PEP) last released its earnings results on Wednesday, April 17th. The company reported $0.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.05. PepsiCo had a return on equity of 65.12% and a net margin of 19.37%. The company 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 business posted $0.96 EPS. The business’s revenue was up 2.6% on a year-over-year basis. As a group, equities analysts predict that PepsiCo, Inc. will post 5.51 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a dividend of $0.955 per share. The ex-dividend date of this dividend is Thursday, June 6th. This is a boost from PepsiCo’s previous quarterly dividend of $0.93. This represents a $3.82 annualized dividend and a yield of 2.94%. PepsiCo’s dividend payout ratio (DPR) is 65.55%.

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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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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