Ycg LLC Has $18.28 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Ycg LLC cut its stake in PepsiCo, Inc. (NASDAQ:PEP) by 2.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 106,259 shares of the company’s stock after selling 2,207 shares during the period. PepsiCo comprises approximately 1.5% of Ycg LLC’s holdings, making the stock its 25th largest holding. Ycg LLC’s holdings in PepsiCo were worth $18,283,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in PepsiCo during the 4th quarter valued at $2,686,139,000. International Assets Investment Management LLC boosted its position in PepsiCo by 9,623.6% in the 4th quarter. International Assets Investment Management LLC now owns 3,058,061 shares of the company’s stock valued at $519,381,000 after buying an additional 3,026,611 shares during the last quarter. Flossbach Von Storch AG boosted its position in PepsiCo by 67.2% in the 1st quarter. Flossbach Von Storch AG now owns 4,560,007 shares of the company’s stock valued at $798,047,000 after buying an additional 1,832,385 shares during the last quarter. California Public Employees Retirement System boosted its position in PepsiCo by 17.9% in the 4th quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock valued at $1,641,389,000 after buying an additional 1,470,064 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in PepsiCo by 17.7% in the 4th quarter. Franklin Resources Inc. now owns 8,954,951 shares of the company’s stock valued at $1,520,909,000 after buying an additional 1,345,065 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Performance

Shares of NASDAQ:PEP traded up $2.43 during trading on Friday, reaching $166.38. 6,675,848 shares of the stock were exchanged, compared to its average volume of 5,532,946. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $192.38. The firm has a market cap of $228.74 billion, a PE ratio of 25.24, a PEG ratio of 2.84 and a beta of 0.52. The stock has a 50-day moving average price of $171.12 and a 200-day moving average price of $169.99. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, July 11th. The company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.12. The business had revenue of $22.50 billion during the quarter, compared to analysts’ expectations of $22.59 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.09 earnings per share. Research analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were given a dividend of $1.355 per share. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend was Friday, June 7th. PepsiCo’s payout ratio is currently 81.50%.

Insider Buying and Selling at PepsiCo

In other news, CEO Ramkumar Krishnan sold 5,620 shares of the company’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 completion of the transaction, the chief executive officer now directly owns 53,953 shares in the company, valued at $9,603,634. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. BNP Paribas assumed coverage on PepsiCo in a research report on Monday, June 24th. They issued a “neutral” rating and a $174.00 price target on the stock. Argus lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Bank of America reduced their price target on PepsiCo from $210.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday. Wedbush reaffirmed an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a research note on Tuesday, April 23rd. Finally, Wells Fargo & Company dropped their price objective on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, PepsiCo has an average rating of “Moderate Buy” and an average target price of $185.27.

PepsiCo Company Profile

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.