Fairview Capital Investment Management LLC decreased its stake in shares of PepsiCo, Inc. (NYSE:PEP) by 10.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,279 shares of the company’s stock after selling 1,440 shares during the period. Fairview Capital Investment Management LLC’s holdings in PepsiCo were worth $1,285,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. State Street Corp boosted its stake in PepsiCo by 1.8% in the fourth quarter. State Street Corp now owns 63,651,479 shares of the company’s stock worth $6,663,170,000 after buying an additional 1,115,697 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of PepsiCo by 21.1% in the third quarter. Price T Rowe Associates Inc. MD now owns 21,642,802 shares of the company’s stock worth $2,354,088,000 after buying an additional 3,773,486 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in shares of PepsiCo by 2.2% in the third quarter. UBS Asset Management Americas Inc. now owns 8,028,947 shares of the company’s stock worth $873,308,000 after buying an additional 173,958 shares during the last quarter. PNC Financial Services Group Inc. raised its position in PepsiCo by 0.5% in the third quarter. PNC Financial Services Group Inc. now owns 7,400,994 shares of the company’s stock valued at $805,007,000 after buying an additional 34,187 shares in the last quarter. Finally, APG Asset Management N.V. raised its position in PepsiCo by 4.3% in the third quarter. APG Asset Management N.V. now owns 5,729,996 shares of the company’s stock valued at $623,252,000 after buying an additional 236,800 shares in the last quarter. Institutional investors and hedge funds own 70.43% of the company’s stock.
PepsiCo, Inc. (NYSE:PEP) traded down 0.05% during mid-day trading on Friday, reaching $113.53. 2,544,677 shares of the company’s stock were exchanged. PepsiCo, Inc. has a 1-year low of $98.50 and a 1-year high of $114.61. The stock has a market capitalization of $162.03 billion, a PE ratio of 26.04 and a beta of 0.53. The firm’s 50-day moving average is $111.53 and its 200 day moving average is $106.61.
PepsiCo (NYSE:PEP) last issued its quarterly earnings data on Wednesday, February 15th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.04. The company earned $19.52 billion during the quarter, compared to analysts’ expectations of $19.51 billion. PepsiCo had a return on equity of 56.16% and a net margin of 10.74%. The business’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the business earned $1.06 earnings per share. Analysts forecast that PepsiCo, Inc. will post $5.12 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Friday, March 3rd were issued a dividend of $0.7525 per share. The ex-dividend date of this dividend was Wednesday, March 1st. This represents a $3.01 dividend on an annualized basis and a dividend yield of 2.65%. PepsiCo’s payout ratio is presently 66.01%.
Several research analysts recently commented on PEP shares. Credit Suisse Group AG lifted their price target on PepsiCo from $115.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, March 23rd. Vetr lowered PepsiCo from a “buy” rating to a “hold” rating and set a $106.67 target price for the company. in a research report on Wednesday, January 18th. JPMorgan Chase & Co. started coverage on PepsiCo in a research report on Tuesday, March 21st. They set an “overweight” rating and a $125.00 target price for the company. Barclays PLC started coverage on PepsiCo in a research report on Monday, January 9th. They set an “equal weight” rating and a $102.00 target price for the company. Finally, Zacks Investment Research lowered PepsiCo from a “hold” rating to a “sell” rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $117.12.
In other news, COO Vivek Sankaran sold 2,000 shares of the business’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $110.22, for a total transaction of $220,440.00. Following the completion of the transaction, the chief operating officer now directly owns 73,595 shares in the company, valued at approximately $8,111,640.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ramon Laguarta sold 23,585 shares of the business’s stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $109.05, for a total value of $2,571,944.25. Following the transaction, the chief executive officer now owns 135,859 shares of the company’s stock, valued at $14,815,423.95. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,343 shares of company stock valued at $4,850,480. Company insiders own 0.33% of the company’s stock.
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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