Tarbox Family Office Inc. Continues to Hold Stake in Pepsico, Inc. (PEP)

Tarbox Family Office Inc. held its position in Pepsico, Inc. (NYSE:PEP) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,720 shares of the company’s stock at the end of the second quarter. Tarbox Family Office Inc.’s holdings in Pepsico were worth $199,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PEP. Asset Planning Services Ltd. raised its position in Pepsico by 66.1% in the first quarter. Asset Planning Services Ltd. now owns 1,003 shares of the company’s stock worth $112,000 after buying an additional 399 shares during the period. Patriot Financial Group Insurance Agency LLC bought a new position in Pepsico during the fourth quarter worth $125,000. Riggs Asset Managment Co. Inc. raised its position in Pepsico by 14.9% in the first quarter. Riggs Asset Managment Co. Inc. now owns 1,270 shares of the company’s stock worth $142,000 after buying an additional 165 shares during the period. Israel Discount Bank of New York GFN bought a new position in Pepsico during the fourth quarter worth $150,000. Finally, Leith Wheeler Investment Counsel Ltd. bought a new position in Pepsico during the first quarter worth $157,000. 70.52% of the stock is owned by institutional investors.

Shares of Pepsico, Inc. (NYSE PEP) traded down 0.30% during midday trading on Tuesday, hitting $116.61. The stock had a trading volume of 481,202 shares. The stock has a market cap of $166.23 billion, a PE ratio of 24.70 and a beta of 0.67. Pepsico, Inc. has a 52-week low of $98.50 and a 52-week high of $118.24. The firm has a 50 day moving average price of $116.01 and a 200-day moving average price of $112.24.

Pepsico (NYSE:PEP) last issued its quarterly earnings results on Tuesday, July 11th. The company reported $1.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.10. The firm had revenue of $15.71 billion for the quarter, compared to analyst estimates of $15.57 billion. Pepsico had a net margin of 10.77% and a return on equity of 59.74%. Pepsico’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company posted $1.35 EPS. Equities analysts predict that Pepsico, Inc. will post $5.16 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be paid a $0.805 dividend. This represents a $3.22 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Wednesday, August 30th. Pepsico’s dividend payout ratio is presently 68.22%.

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A number of research analysts recently weighed in on the company. Vetr raised Pepsico from a “hold” rating to a “buy” rating and set a $125.54 price objective for the company in a research report on Wednesday, April 26th. Zacks Investment Research raised Pepsico from a “hold” rating to a “buy” rating and set a $129.00 price objective for the company in a research report on Friday, July 14th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and set a $133.00 price objective (down previously from $134.00) on shares of Pepsico in a research report on Thursday, July 6th. Jefferies Group LLC raised their price objective on Pepsico from $120.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, April 19th. Finally, BMO Capital Markets lowered Pepsico from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $118.00 to $120.00 in a research report on Wednesday, June 7th. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Pepsico has a consensus rating of “Buy” and an average target price of $123.04.

In related news, EVP Mehmood Khan sold 63,396 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 174,273 shares of the company’s stock, valued at approximately $20,283,634.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 completion of 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 sold a total of 856,675 shares of company stock worth $99,741,258 over the last ninety days. 0.26% of the stock is currently owned by corporate insiders.

Pepsico Company Profile

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).

Institutional Ownership by Quarter for Pepsico (NYSE:PEP)

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