Trexquant Investment LP raised its stake in shares of PepsiCo, Inc. (NYSE:PEP) by 166.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,800 shares of the company’s stock after buying an additional 10,500 shares during the period. Trexquant Investment LP’s holdings in PepsiCo were worth $1,758,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Amtrust Financial Services Inc. acquired a new stake in PepsiCo during the fourth quarter worth approximately $2,228,000. Stonebridge Capital Management Inc. raised its position in shares of PepsiCo by 0.3% in the third quarter. Stonebridge Capital Management Inc. now owns 77,741 shares of the company’s stock worth $8,456,000 after buying an additional 201 shares during the last quarter. First Eagle Investment Management LLC raised its position in shares of PepsiCo by 106.7% in the third quarter. First Eagle Investment Management LLC now owns 2,469,429 shares of the company’s stock worth $268,600,000 after buying an additional 1,274,477 shares during the last quarter. NN Investment Partners Holdings N.V. raised its position in shares of PepsiCo by 0.6% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 343,748 shares of the company’s stock worth $35,966,000 after buying an additional 2,129 shares during the last quarter. Finally, Raymond James Trust N.A. raised its position in PepsiCo by 4.7% in the third quarter. Raymond James Trust N.A. now owns 101,338 shares of the company’s stock valued at $11,023,000 after buying an additional 4,554 shares in the last quarter. 70.43% of the stock is currently owned by institutional investors.
PepsiCo, Inc. (NYSE:PEP) traded down 0.05% during mid-day trading on Friday, hitting $113.53. 2,544,677 shares of the stock traded hands. PepsiCo, Inc. has a 12-month low of $98.50 and a 12-month high of $114.61. The company has a market cap of $162.03 billion, a price-to-earnings 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. Equities research analysts expect that PepsiCo, Inc. will post $5.12 EPS for the current 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 price target for the company. in a research report on Wednesday, January 18th. JPMorgan Chase & Co. assumed 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 assumed coverage on shares of PepsiCo in a research note on Monday, January 9th. They issued an “equal weight” rating and a $102.00 price objective for the company. Finally, Zacks Investment Research downgraded shares of PepsiCo from a “hold” rating to a “sell” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price 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 Company Profile
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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