Edmonds Duncan Registered Investment Advisors LLC maintained its stake in shares of Pepsico, Inc. (NYSE:PEP) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,732 shares of the company’s stock at the close of the first quarter. Pepsico makes up approximately 1.8% of Edmonds Duncan Registered Investment Advisors LLC’s investment portfolio, making the stock its 21st largest holding. Edmonds Duncan Registered Investment Advisors LLC’s holdings in Pepsico were worth $3,483,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the company. Asset Planning Services Ltd. boosted its stake in Pepsico by 66.1% during the 1st quarter. Asset Planning Services Ltd. now owns 1,003 shares of the company’s stock worth $112,000 after purchasing an additional 399 shares during the period. Riggs Asset Managment Co. Inc. lifted its stake in shares of Pepsico by 14.9% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 1,270 shares of the company’s stock worth $142,000 after acquiring an additional 165 shares during the period. Leith Wheeler Investment Counsel Ltd. acquired a new stake in shares of Pepsico in the 1st quarter worth $157,000. Millie Capital Management LLC acquired a new stake in shares of Pepsico in the 1st quarter worth $202,000. Finally, Wsfs Capital Management LLC purchased a new position in shares of Pepsico in the 4th quarter valued at about $203,000. Institutional investors and hedge funds own 70.16% of the company’s stock.
In related news, CEO Indra K. Nooyi sold 340,449 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $116.42, for a total transaction of $39,635,072.58. Following the completion of the sale, the chief executive officer now directly owns 733,315 shares of the company’s stock, valued at $85,372,532.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mehmood Khan sold 63,396 shares of the stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $116.39, for a total value of $7,378,660.44. Following the sale, the executive vice president now directly owns 174,273 shares of the company’s stock, valued at $20,283,634.47. The disclosure for this sale can be found here. In the last quarter, insiders sold 898,164 shares of company stock worth $104,585,929. Corporate insiders own 0.26% of the company’s stock.
Shares of Pepsico, Inc. (NYSE:PEP) traded up 0.58% during trading on Friday, hitting $114.85. 5,543,002 shares of the stock traded hands. Pepsico, Inc. has a 52 week low of $98.50 and a 52 week high of $119.39. The firm’s 50-day moving average price is $116.42 and its 200-day moving average price is $114.56. The company has a market cap of $163.72 billion, a price-to-earnings ratio of 24.32 and a beta of 0.68. Pepsico also saw some unusual options trading on Wednesday. Investors bought 1,176 call options on the stock. This represents an increase of approximately 536% compared to the typical daily volume of 185 call options.
Pepsico (NYSE:PEP) last announced its earnings results on Tuesday, July 11th. The company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.40 by $0.10. The company had revenue of $15.71 billion for the quarter, compared to analyst estimates of $15.57 billion. Pepsico had a return on equity of 59.74% and a net margin of 10.77%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.35 EPS. On average, equities research analysts anticipate that Pepsico, Inc. will post $5.16 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be issued a $0.805 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.22 annualized dividend and a yield of 2.80%. Pepsico’s payout ratio is currently 68.22%.
A number of brokerages have recently issued reports on PEP. BMO Capital Markets downgraded shares of Pepsico from an “outperform” rating to a “market perform” rating and increased their price target for the company from $118.00 to $120.00 in a report on Wednesday, June 7th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Pepsico from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Royal Bank Of Canada restated a “hold” rating and set a $115.00 target price on shares of Pepsico in a report on Thursday, May 25th. Jefferies Group LLC reiterated a “buy” rating and set a $127.00 price target on shares of Pepsico in a report on Friday, May 19th. Finally, Cowen and Company reiterated an “outperform” rating and set a $128.00 price target on shares of Pepsico in a report on Thursday, July 13th. Six analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Pepsico has a consensus rating of “Buy” and a consensus price target of $123.44.
PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).
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