SRS Capital Advisors Inc. grew its position in Pepsico, Inc. (NYSE:PEP) by 0.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,710 shares of the company’s stock after buying an additional 20 shares during the period. SRS Capital Advisors Inc.’s holdings in Pepsico were worth $303,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in PEP. Gierl Augustine Investment Management Inc boosted its stake in Pepsico by 0.8% in the 1st quarter. Gierl Augustine Investment Management Inc now owns 1,846 shares of the company’s stock worth $207,000 after purchasing an additional 14 shares during the period. Willingdon Wealth Management boosted its stake in Pepsico by 0.3% in the 1st quarter. Willingdon Wealth Management now owns 6,381 shares of the company’s stock worth $714,000 after purchasing an additional 16 shares during the period. Univest Corp of Pennsylvania boosted its stake in Pepsico by 0.7% in the 1st quarter. Univest Corp of Pennsylvania now owns 2,350 shares of the company’s stock worth $263,000 after purchasing an additional 17 shares during the period. Alexandria Capital LLC boosted its stake in Pepsico by 0.5% in the 1st quarter. Alexandria Capital LLC now owns 4,160 shares of the company’s stock worth $465,000 after purchasing an additional 21 shares during the period. Finally, Clear Harbor Asset Management LLC boosted its stake in Pepsico by 0.6% in the 1st quarter. Clear Harbor Asset Management LLC now owns 4,159 shares of the company’s stock worth $465,000 after purchasing an additional 26 shares during the period. 70.16% of the stock is owned by institutional investors.
In related news, SVP Marie T. Gallagher sold 41,489 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $116.77, for a total transaction of $4,844,670.53. Following the transaction, the senior vice president now directly owns 76,037 shares of the company’s stock, valued at $8,878,840.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Indra K. Nooyi sold 452,830 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $116.44, for a total transaction of $52,727,525.20. Following the transaction, the chairman now directly owns 733,315 shares in the company, valued at $85,387,198.60. The disclosure for this sale can be found here. Insiders have sold 898,164 shares of company stock worth $104,585,929 over the last three months. 0.26% of the stock is owned by insiders.
Shares of Pepsico, Inc. (PEP) traded up 0.46% during midday trading on Friday, hitting $114.71. 2,874,261 shares of the stock were exchanged. The firm’s 50 day moving average is $116.49 and its 200-day moving average is $114.52. The stock has a market capitalization of $163.52 billion, a price-to-earnings ratio of 24.29 and a beta of 0.68. Pepsico, Inc. has a 1-year low of $98.50 and a 1-year high of $119.39. Pepsico also was the recipient of some unusual options trading activity on Wednesday. Stock investors purchased 1,176 call options on the company. This represents an increase of 536% compared to the average daily volume of 185 call options.
Pepsico (NYSE:PEP) last issued its quarterly earnings data on Tuesday, July 11th. The company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.10. Pepsico had a net margin of 10.77% and a return on equity of 59.74%. The firm had revenue of $15.71 billion during the quarter, compared to analysts’ expectations of $15.57 billion. During the same period last year, the company earned $1.35 earnings per share. The business’s revenue was up 2.0% on a year-over-year basis. On average, analysts predict that Pepsico, Inc. will post $5.16 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be given a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date is Wednesday, August 30th. Pepsico’s payout ratio is currently 68.22%.
A number of equities analysts recently weighed in on PEP shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $127.00 target price on shares of Pepsico in a research note on Friday, May 19th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $115.00 target price on shares of Pepsico in a research note on Thursday, May 25th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Pepsico in a research note on Wednesday, May 31st. BMO Capital Markets lowered shares of Pepsico from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $118.00 to $120.00 in a research note on Wednesday, June 7th. They noted that the move was a valuation call. Finally, BidaskClub lowered shares of Pepsico from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. Six research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Pepsico presently has a consensus rating of “Buy” and an average 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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