Stillwater Investment Management LLC cut its stake in PepsiCo, Inc. (NASDAQ: PEP – Get Rating) by 1.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,595 shares of the company stock after selling 181 shares during the period. Stillwater Investment Management LLC’s holdings in PepsiCo were worth $ 2,945,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of PEP. TCW Group Inc. increased its holdings in PepsiCo by 44.3% during the 4th quarter. TCW Group Inc. now owns 440,689 shares of the company stock valued at $ 76,553,000 after purchasing an additional 135,394 shares in the last quarter. Wealth Advisors of Iowa LLC acquired a new stake in PepsiCo during the 4th quarter valued at $ 224,000. Atria Investments LLC boosted its position in PepsiCo by 5.1% in the 3rd quarter. Atria Investments LLC now owns 97,909 shares of the company stock valued at $ 14,726,000 after buying an additional 4,739 shares during the last quarter. Canandaigua National Corp boosted its position in PepsiCo by 2.3% in the 4th quarter. Canandaigua National Corp now owns 59,697 shares of the company stock valued at $ 10,370,000 after buying an additional 1,337 shares during the last quarter. Finally, Sheets Smith Wealth Management boosted its position in PepsiCo by 0.6% in the 4th quarter. Sheets Smith Wealth Management now owns 128,136 shares of the company stock valued at $ 22,259,000 after buying an additional 703 shares during the last quarter. 72.12% of the stock is owned by institutional investors and hedge funds.
Shares of PepsiCo stock opened at $ 157.06 on Friday. The company has a market capitalization of $ 217.16 billion, a PE ratio of 21.49, a PEG ratio of 3.12 and a beta of 0.59. PepsiCo, Inc. has a 12 month low of $ 144.61 and a 12 month high of $ 177.62. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 1.89. The stock’s fifty day simple moving average is $ 167.60 and its 200 day simple moving average is $ 168.41.
PepsiCo (NASDAQ: PEP – Get Rating) last issued its quarterly earnings data on Tuesday, April 26th. The company reported $ 1.29 EPS for the quarter, topping the consensus estimate of $ 1.24 by $ 0.05. The business had revenue of $ 16.20 billion for the quarter, compared to the estimate consensus of $ 15.54 billion. PepsiCo had a return on equity of 53.44% and a net margin of 12.57%. The firm’s revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the business posted $ 1.21 EPS. Analysts predict that PepsiCo, Inc. will post 6.64 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Friday, June 3rd will be paid a $ 1.15 dividend. This is an increase from PepsiCo’s previous quarterly dividend of $ 1.08. The ex-dividend date is Thursday, June 2nd. This represents a $ 4.60 annualized dividend and a dividend yield of 2.93%. PepsiCo’s dividend payout ratio (DPR) is currently 62.93%.
A number of brokerages have commented on PEP. StockNews.com began coverage on PepsiCo in a research report on Thursday, March 31st. They issued a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on PepsiCo from $ 173.00 to $ 175.00 in a research report on Wednesday, April 27th. Wells Fargo & Company decreased their price objective on PepsiCo from $ 175.00 to $ 170.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 9th. Guggenheim raised their price target on PepsiCo from $ 188.00 to $ 193.00 in a research report on Wednesday, April 27th. Finally, Credit Suisse Group raised their price target on PepsiCo from $ 163.00 to $ 168.00 in a research report on Wednesday, April 27th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $ 176.33.
In other PepsiCo news, CEO Eugene Willemsen sold 4,560 shares of PepsiCo stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $ 175.61, for a total value of $ 800,781.60. Following the sale, the chief executive officer now owns 8,277 shares of the company stock, valued at approximately $ 1,453,523.97. The transaction 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 PepsiCo stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $ 175.11, for a total value of $ 901,816.50. Following the completion of the sale, the executive vice president now directly owns 28,275 shares in the company, valued at approximately $ 4,951,235.25. The disclosure for this sale can be found here. Company insiders own 0.12% of the company stock.
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.
Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ: PEP – Get Rating).
Receive News & Ratings for PepsiCo Daily: – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for PepsiCo and related companies with MarketBeat.com’s FREE daily email newsletter.