RBO & Co. LLC reduced its position in shares of PepsiCo, Inc. (NYSE:PEP) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 115,050 shares of the company’s stock after selling 366 shares during the period. PepsiCo makes up about 3.6% of RBO & Co. LLC’s holdings, making the stock its 8th largest position. RBO & Co. LLC’s holdings in PepsiCo were worth $12,038,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of PEP. Itau Unibanco Holding S.A. purchased a new position in PepsiCo during the third quarter worth $101,000. Piershale Financial Group Inc. boosted its position in shares of PepsiCo by 0.4% in the third quarter. Piershale Financial Group Inc. now owns 1,009 shares of the company’s stock valued at $110,000 after buying an additional 4 shares during the last quarter. Edmond DE Rothschild Monaco bought a new position in shares of PepsiCo during the third quarter valued at approximately $131,000. Peddock Capital Advisors LLC bought a new position in shares of PepsiCo during the third quarter valued at approximately $152,000. Finally, NewSquare Capital LLC boosted its position in shares of PepsiCo by 2.8% in the third quarter. NewSquare Capital LLC now owns 1,622 shares of the company’s stock valued at $176,000 after buying an additional 44 shares during the last quarter. 70.43% of the stock is owned by institutional investors.
PepsiCo, Inc. (NYSE:PEP) opened at 111.15 on Tuesday. The firm has a 50-day moving average of $107.86 and a 200-day moving average of $105.68. PepsiCo, Inc. has a one year low of $98.50 and a one year high of $111.52. The company has a market cap of $158.63 billion, a PE ratio of 25.50 and a beta of 0.53.
PepsiCo (NYSE:PEP) last issued its earnings results on Wednesday, February 15th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.04. The company had revenue of $19.52 billion for 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 quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the company earned $1.06 EPS. On average, analysts predict that PepsiCo, Inc. will post $5.12 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 3rd will be paid a dividend of $0.7525 per share. This represents a $3.01 annualized dividend and a yield of 2.71%. The ex-dividend date is Wednesday, March 1st. PepsiCo’s dividend payout ratio (DPR) is presently 66.01%.
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Several equities analysts have recently commented on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of PepsiCo in a research report on Friday, March 3rd. Vetr cut shares of PepsiCo from a “sell” rating to a “strong sell” rating and set a $97.84 price target on the stock. in a research report on Thursday, March 2nd. CLSA reaffirmed an “outperform” rating on shares of PepsiCo in a research report on Wednesday, February 15th. Jefferies Group LLC increased their price target on shares of PepsiCo from $118.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, February 16th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $115.00 price target on shares of PepsiCo in a research report on Thursday, February 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $112.76.
In related news, CEO Ramon Laguarta sold 23,585 shares of PepsiCo stock in a transaction that occurred 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 sale, the chief executive officer now owns 135,859 shares of the company’s stock, valued at approximately $14,815,423.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Kirk Tanner sold 5,500 shares of PepsiCo stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $110.13, for a total value of $605,715.00. Following the sale, the chief operating officer now directly owns 90,022 shares in the company, valued at approximately $9,914,122.86. The disclosure for this sale can be found here. Insiders have sold a total of 44,343 shares of company stock worth $4,850,480 in the last three months. 0.33% of the stock is owned by corporate 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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