PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 4.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 326,452 shares of the company’s stock after selling 15,372 shares during the quarter. Janus Henderson Group PLC’s holdings in PepsiCo were worth $57,135,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Strategy Asset Managers LLC increased its stake in shares of PepsiCo by 0.9% during the 1st quarter. Strategy Asset Managers LLC now owns 6,632 shares of the company’s stock worth $1,161,000 after purchasing an additional 57 shares during the last quarter. SYM FINANCIAL Corp increased its stake in shares of PepsiCo by 2.7% during the 4th quarter. SYM FINANCIAL Corp now owns 2,290 shares of the company’s stock worth $389,000 after purchasing an additional 61 shares during the last quarter. Clearwater Capital Advisors LLC grew its stake in PepsiCo by 2.3% in the 4th quarter. Clearwater Capital Advisors LLC now owns 2,758 shares of the company’s stock valued at $468,000 after buying an additional 61 shares during the last quarter. Security Financial Services INC. raised its holdings in PepsiCo by 1.6% in the 1st quarter. Security Financial Services INC. now owns 3,943 shares of the company’s stock valued at $690,000 after acquiring an additional 61 shares during the period. Finally, Arbor Investment Advisors LLC raised its holdings in PepsiCo by 3.6% in the 1st quarter. Arbor Investment Advisors LLC now owns 1,779 shares of the company’s stock valued at $311,000 after acquiring an additional 61 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Insider Transactions at PepsiCo

In other news, CEO Ramkumar Krishnan sold 5,620 shares of PepsiCo 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 transaction, the chief executive officer now owns 53,953 shares in the company, valued at $9,603,634. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.15% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PEP. Royal Bank of Canada lowered their price target on shares of PepsiCo from $180.00 to $177.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th. Morgan Stanley lowered their target price on shares of PepsiCo from $190.00 to $185.00 and set an “overweight” rating on the stock in a report on Friday, July 12th. Wedbush reaffirmed an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a report on Tuesday, April 23rd. Argus cut shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Finally, Bank of America lowered their target price on shares of PepsiCo from $210.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, July 8th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $185.53.

PepsiCo Price Performance

PepsiCo stock traded down $0.03 during mid-day trading on Tuesday, reaching $173.18. The company had a trading volume of 4,985,381 shares, compared to its average volume of 5,514,207. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $189.97. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.87. The company has a market cap of $237.87 billion, a P/E ratio of 24.97, a P/E/G ratio of 2.99 and a beta of 0.52. The business has a fifty day simple moving average of $168.58 and a 200 day simple moving average of $169.94.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, July 11th. The company reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.12. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The firm had revenue of $22.50 billion for the quarter, compared to analyst estimates of $22.59 billion. During the same quarter last year, the business posted $2.09 earnings per share. The company’s quarterly revenue was up .8% on a year-over-year basis. On average, equities research analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be issued a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.13%. PepsiCo’s dividend payout ratio (DPR) is presently 78.66%.

PepsiCo 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.