Mountain Pacific Investment Advisers Inc. ID Sells 100 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Mountain Pacific Investment Advisers Inc. ID trimmed its position in PepsiCo, Inc. (NASDAQ:PEPFree Report) by 1.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,048 shares of the company’s stock after selling 100 shares during the quarter. Mountain Pacific Investment Advisers Inc. ID’s holdings in PepsiCo were worth $1,233,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of PepsiCo during the fourth quarter worth $2,686,139,000. International Assets Investment Management LLC boosted its position in PepsiCo by 9,623.6% during the 4th quarter. International Assets Investment Management LLC now owns 3,058,061 shares of the company’s stock worth $519,381,000 after acquiring an additional 3,026,611 shares during the last quarter. Flossbach Von Storch AG grew its stake in shares of PepsiCo by 121.4% during the 4th quarter. Flossbach Von Storch AG now owns 2,727,622 shares of the company’s stock worth $463,259,000 after acquiring an additional 1,495,586 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of PepsiCo by 17.9% in the fourth quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock valued at $1,641,389,000 after purchasing an additional 1,470,064 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of PepsiCo by 17.7% in the fourth quarter. Franklin Resources Inc. now owns 8,954,951 shares of the company’s stock worth $1,520,909,000 after purchasing an additional 1,345,065 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Insider Activity

In related news, CEO Ramkumar Krishnan sold 5,620 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the sale, the chief executive officer now owns 53,953 shares in the company, valued at $9,603,634. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.15% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP stock traded up $0.60 on Friday, reaching $167.28. The stock had a trading volume of 10,899,240 shares, compared to its average volume of 4,901,276. The company has a 50 day simple moving average of $173.71 and a 200 day simple moving average of $170.34. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $192.38. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. The stock has a market cap of $229.97 billion, a P/E ratio of 25.15, a price-to-earnings-growth ratio of 2.72 and a beta of 0.52.

PepsiCo (NASDAQ:PEPGet Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The business had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. During the same quarter last year, the business posted $1.50 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. Equities research analysts expect that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a $1.355 dividend. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend is Friday, June 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.24%. PepsiCo’s dividend payout ratio (DPR) is presently 81.50%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PEP. Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a research report on Monday, March 18th. Barclays lowered their price objective on PepsiCo from $185.00 to $180.00 and set an “overweight” rating for the company in a research note on Wednesday, June 12th. Jefferies Financial Group boosted their price target on PepsiCo from $209.00 to $211.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Argus lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $187.17.

Check Out Our Latest Research Report on PEP

PepsiCo Company Profile

(Free Report)

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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