Financial Planners of Cleveland Inc. lowered its position in PepsiCo, Inc. (NASDAQ: PEP – Get Rating) by 51.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,491 shares of the company stock after selling 1,598 shares during the quarter. Financial Planners of Cleveland Inc.’s holdings in PepsiCo were worth $ 250,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. raised its holdings in PepsiCo by 5.5% during the fourth quarter. BlackRock Inc. now owns 105,501,759 shares of the company stock worth $ 18,326,710,000 after purchasing an additional 5,454,097 shares in the last quarter. State Street Corp raised its holdings in PepsiCo by 1.3% during the fourth quarter. State Street Corp now owns 58,904,562 shares of the company stock worth $ 10,293,622,000 after purchasing an additional 763,595 shares in the last quarter. Geode Capital Management LLC raised its holdings in PepsiCo by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 23,137,438 shares of the company stock worth $ 4,008,329,000 after purchasing an additional 585,018 shares in the last quarter. Capital Research Global Investors raised its holdings in PepsiCo by 9.6% during the fourth quarter. Capital Research Global Investors now owns 18,698,968 shares of the company stock worth $ 3,248,196,000 after purchasing an additional 1,634,702 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of PepsiCo by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,837,497 shares of the company stock valued at $ 2,403,712,000 after acquiring an additional 93,169 shares during the period. Institutional investors own 72.12% of the company stock.
In related news, CEO Eugene Willemsen sold 4,560 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 8,277 shares in the company, valued at $ 1,453,523.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David Flavell sold 5,150 shares of the stock in a transaction on Monday, May 16th. The stock was sold at an average price of $ 175.11, for a total value of $ 901,816.50. Following the completion of the year, the executive vice president now directly owns 28,275 shares in the company, valued at $ 4,951,235.25. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by corporate insiders.
PEP has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on shares of PepsiCo from $ 183.00 to $ 186.00 in a report on Wednesday, April 27th. StockNews.com assumed coverage on shares of PepsiCo in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. Guggenheim boosted their price objective on shares of PepsiCo from $ 188.00 to $ 193.00 in a research note on Wednesday, April 27th. Citigroup boosted their price objective on shares of PepsiCo from $ 194.00 to $ 198.00 in a research note on Wednesday, April 27th. Finally, Wells Fargo & Company dropped their price target on shares of PepsiCo from $ 175.00 to $ 172.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company stock. According to MarketBeat.com, PepsiCo currently has an average rating of “Moderate Buy” and an average price target of $ 177.13.
NASDAQ PEP opened at $ 164.10 on Friday. PepsiCo, Inc. has a 12 month low of $ 144.61 and a 12 month high of $ 177.62. The company has a 50-day moving average of $ 166.85 and a 200-day moving average of $ 168.08. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.87 and a quick ratio of 0.68. The company has a market cap of $ 226.90 billion, a P / E ratio of 22.45, a P / E / G ratio of 3.22 and a beta of 0.59.
PepsiCo (NASDAQ: PEP – Get Rating) last posted its quarterly earnings data on Tuesday, April 26th. The company reported $ 1.29 EPS for the quarter, beating analysts’ consensus estimates of $ 1.24 by $ 0.05. PepsiCo had a net margin of 12.57% and a return on equity of 53.44%. The company had revenue of $ 16.20 billion during the quarter, compared to the estimate consensus of $ 15.54 billion. During the same quarter in the prior year, the company posted $ 1.21 EPS. The company quarterly revenue was up 9.3% compared to the same quarter last year. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 6.64 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Friday, June 3rd will be given a dividend of $ 1.15 per share. This represents a $ 4.60 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend 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%.
PepsiCo 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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