Cantor Fitzgerald Investment Advisor L.P Increases Stake in PepsiCo, Inc. (NASDAQ:PEP)

Cantor Fitzgerald Investment Advisor L.P lifted its stake in PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 52.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,167 shares of the company’s stock after buying an additional 4,503 shares during the quarter. Cantor Fitzgerald Investment Advisor L.P’s holdings in PepsiCo were worth $2,204,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in PEP. BlackRock Inc. increased its stake in PepsiCo by 5.5% in the 4th quarter. BlackRock Inc. now owns 105,501,759 shares of the company’s stock worth $18,326,710,000 after acquiring an additional 5,454,097 shares during the last quarter. State Street Corp increased its stake in PepsiCo by 1.3% in the 4th quarter. State Street Corp now owns 58,904,562 shares of the company’s stock worth $10,293,622,000 after buying an additional 763,595 shares during the period. Geode Capital Management LLC lifted its holdings in PepsiCo by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 23,137,438 shares of the company’s stock valued at $4,008,329,000 after buying an additional 585,018 shares in the last quarter. Capital Research Global Investors grew its stake in PepsiCo by 9.6% in the 4th quarter. Capital Research Global Investors now owns 18,698,968 shares of the company’s stock worth $3,248,196,000 after acquiring an additional 1,634,702 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of PepsiCo by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,837,497 shares of the company’s stock worth $2,403,712,000 after acquiring an additional 93,169 shares during the period. Institutional investors own 72.12% of the company’s stock.

In other PepsiCo news, CEO Eugene Willemsen sold 4,560 shares of the business’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of $175.61, for a total value of $800,781.60. Following the transaction, the chief executive officer now owns 8,277 shares of the company’s stock, valued at $1,453,523.97. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP David Flavell sold 5,150 shares of PepsiCo stock in a transaction on Monday, May 16th. The stock was sold at an average price of $175.11, for a total transaction of $901,816.50. Following the sale, the executive vice president now directly owns 28,275 shares of the company’s stock, valued at approximately $4,951,235.25. The disclosure for this sale can be found here. 0.12% of the stock is owned by corporate insiders.

A number of research firms have weighed in on PEP. UBS Group lowered their target price on PepsiCo from $190.00 to $182.00 and set a “buy” rating for the company in a report on Tuesday. Citigroup raised their price target on shares of PepsiCo from $194.00 to $198.00 in a report on Wednesday, April 27th. Credit Suisse Group boosted their price objective on shares of PepsiCo from $163.00 to $168.00 in a research note on Wednesday, April 27th. Deutsche Bank Aktiengesellschaft raised their price objective on PepsiCo from $173.00 to $175.00 in a research report on Wednesday, April 27th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of PepsiCo from $183.00 to $186.00 in a report on Wednesday, April 27th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, PepsiCo presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.13.

PEP stock opened at $162.03 on Thursday. PepsiCo, Inc. has a 52-week low of $144.61 and a 52-week high of $177.62. The company’s 50 day simple moving average is $166.98 and its 200-day simple moving average is $168.10. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.87 and a quick ratio of 0.68. The firm has a market capitalization of $224.04 billion, a P/E ratio of 22.17, a P/E/G ratio of 3.19 and a beta of 0.59.

PepsiCo (NASDAQ:PEPGet Rating) last posted its earnings results on Tuesday, April 26th. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.24 by $0.05. The company had revenue of $16.20 billion during the quarter, compared to the consensus estimate of $15.54 billion. PepsiCo had a net margin of 12.57% and a return on equity of 53.44%. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.21 earnings per share. Sell-side analysts predict that PepsiCo, Inc. will post 6.64 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Friday, June 3rd will be issued a $1.15 dividend. The ex-dividend date is Thursday, June 2nd. This is an increase from PepsiCo’s previous quarterly dividend of $1.08. This represents a $4.60 dividend on an annualized basis and a yield of 2.84%. PepsiCo’s dividend payout ratio is 62.93%.

About PepsiCo (Get Rating)

PepsiCo, Inc manufactures, markets, distributes, and sells 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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