AE Wealth Management LLC reduced its stake in shares of PepsiCo, Inc. (NASDAQ: PEP – Get Rating) by 0.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 166,380 shares of the company stock after selling 650 shares during the quarter. AE Wealth Management LLC’s holdings in PepsiCo were worth $ 27,849,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of PepsiCo by 5.5% during the fourth quarter. BlackRock Inc. now owns 105,501,759 shares of the company stock valued at $ 18,326,710,000 after purchasing an additional 5,454,097 shares during the period. State Street Corp lifted its stake in PepsiCo by 1.3% in the fourth quarter. State Street Corp now owns 58,904,562 shares of the company stock worth $ 10,293,622,000 after acquiring an additional 763,595 shares during the period. Geode Capital Management LLC lifted its stake in PepsiCo by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 23,137,438 shares of the company stock worth $ 4,008,329,000 after acquiring an additional 585,018 shares during the period. Capital Research Global Investors lifted its stake in PepsiCo by 9.6% in the fourth quarter. Capital Research Global Investors now owns 18,698,968 shares of the company stock worth $ 3,248,196,000 after acquiring an additional 1,634,702 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in PepsiCo by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,837,497 shares of the company stock worth $ 2,403,712,000 after acquiring an additional 93,169 shares during the period. 72.12% of the stock is owned by hedge funds and other institutional investors.
PEP opened at $ 166.35 on Tuesday. PepsiCo, Inc. has a 52-week low of $ 146.40 and a 52-week high of $ 177.62. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 1.89. The company has a market cap of $ 230.01 billion, a P / E ratio of 22.76, a price-to-earnings-growth ratio of 3.30 and a beta of 0.59. The firm’s 50-day moving average price is $ 166.63 and its 200-day moving average price is $ 167.97.
PepsiCo (NASDAQ: PEP – Get Rating) last posted its quarterly earnings data on Tuesday, April 26th. The company reported $ 1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $ 1.24 by $ 0.05. PepsiCo had a net margin of 12.57% and a return on equity of 53.44%. The firm had revenue of $ 16.20 billion for the quarter, compared to the estimate consensus of $ 15.54 billion. During the same quarter in the prior year, the company posted $ 1.21 earnings per share. The company revenue for the quarter was up 9.3% compared to the same quarter last year. On average, research analysts anticipate that PepsiCo, Inc. will post 6.64 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Friday, June 3rd will be issued a $ 1.15 dividend. This represents a $ 4.60 annualized dividend and a yield of 2.77%. The ex-dividend date is Thursday, June 2nd. This is an increase from PepsiCo’s previous quarterly dividend of $ 1.08. PepsiCo’s dividend payout ratio is 62.93%.
In related news, EVP David Flavell sold 5,150 shares of the stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $ 175.11, for a total value of $ 901,816.50. Following the transaction, the executive vice president now owns 28,275 shares in the company, valued at approximately $ 4,951,235.25. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Eugene Willemsen sold 4,560 shares of the stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $ 175.61, for a total transaction of $ 800,781.60. Following the completion of the transaction, the chief executive officer now owns 8,277 shares in the company, valued at approximately $ 1,453,523.97. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by corporate insiders.
A number of research firms recently weighed in on PEP. Deutsche Bank Aktiengesellschaft upped their price objective on shares of PepsiCo from $ 173.00 to $ 175.00 in a research note on Wednesday, April 27th. Wells Fargo & Company lowered their price objective on shares of PepsiCo from $ 175.00 to $ 172.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 21st. Guggenheim boosted their target price on shares of PepsiCo from $ 188.00 to $ 193.00 in a report on Wednesday, April 27th. UBS Group reduced their target price on shares of PepsiCo from $ 190.00 to $ 182.00 and set a “buy” rating for the company in a report on Tuesday, June 21st. Finally, Citigroup boosted their target price on shares of PepsiCo from $ 194.00 to $ 198.00 in a report on Wednesday, April 27th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $ 177.13.
PepsiCo Company Profile: (Get Rating)
PepsiCo, Inc manufactures, markets, distributes, and sells 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.
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