Advisory Research Inc. decreased its stake in PepsiCo, Inc. (NYSE:PEP) by 82.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 3,761 shares of the company’s stock after selling 17,621 shares during the period. Advisory Research Inc.’s holdings in PepsiCo were worth $394,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the company. Exchange Capital Management Inc. boosted its stake in shares of PepsiCo by 1.1% in the fourth quarter. Exchange Capital Management Inc. now owns 41,026 shares of the company’s stock valued at $4,293,000 after buying an additional 438 shares in the last quarter. Monetary Management Group Inc. boosted its stake in shares of PepsiCo by 1.7% in the fourth quarter. Monetary Management Group Inc. now owns 41,995 shares of the company’s stock valued at $4,394,000 after buying an additional 700 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in shares of PepsiCo during the fourth quarter valued at about $942,000. Glovista Investments LLC boosted its stake in shares of PepsiCo by 1.9% in the fourth quarter. Glovista Investments LLC now owns 5,355 shares of the company’s stock valued at $560,000 after buying an additional 100 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV acquired a new stake in shares of PepsiCo during the fourth quarter valued at about $9,402,000. 70.43% of the stock is currently owned by institutional investors and hedge funds.
Shares of PepsiCo, Inc. (NYSE:PEP) opened at 111.86 on Friday. The firm’s 50-day moving average is $109.99 and its 200-day moving average is $106.06. PepsiCo, Inc. has a 12-month low of $98.50 and a 12-month high of $112.76. The firm has a market cap of $159.65 billion, a PE ratio of 25.66 and a beta of 0.53.
PepsiCo (NYSE:PEP) last issued its quarterly earnings data on Wednesday, February 15th. The company reported $1.20 EPS for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.04. The firm earned $19.52 billion during the quarter, compared to the consensus estimate of $19.51 billion. PepsiCo had a return on equity of 56.16% and a net margin of 10.74%. The firm’s revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.06 EPS. Equities analysts expect that PepsiCo, Inc. will post $5.13 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Friday, March 3rd were paid a dividend of $0.7525 per share. The ex-dividend date was Wednesday, March 1st. This represents a $3.01 dividend on an annualized basis and a yield of 2.69%. PepsiCo’s payout ratio is currently 66.01%.
Several analysts have recently issued reports on the stock. Royal Bank of Canada reissued a “hold” rating and set a $115.00 price target on shares of PepsiCo in a research report on Thursday, March 23rd. Credit Suisse Group AG increased their price target on shares of PepsiCo from $115.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, March 23rd. BMO Capital Markets reissued a “buy” rating and set a $115.00 price target on shares of PepsiCo in a research report on Wednesday, March 22nd. JPMorgan Chase & Co. assumed coverage on shares of PepsiCo in a research report on Tuesday, March 21st. They set an “overweight” rating and a $125.00 price target on the stock. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of PepsiCo in a research report on Friday, March 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $114.76.
In related news, CEO Ramon Laguarta sold 23,585 shares of the company’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $109.05, for a total transaction of $2,571,944.25. Following the completion of the transaction, the chief executive officer now directly owns 135,859 shares in the company, valued at approximately $14,815,423.95. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Vivek Sankaran sold 2,000 shares of the company’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $110.22, for a total value of $220,440.00. Following the transaction, the chief operating officer now owns 73,595 shares of the company’s stock, valued at $8,111,640.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 44,343 shares of company stock valued at $4,850,480. 0.33% of the stock is owned by company insiders.
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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