CHURCHILL MANAGEMENT Corp acquired a new position in Pepsico, Inc. (NYSE:PEP) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 2,156 shares of the company’s stock, valued at approximately $241,000.
Other institutional investors also recently made changes to their positions in the company. Trust Co. of Vermont increased its position in shares of Pepsico by 2.8% in the third quarter. Trust Co. of Vermont now owns 115,718 shares of the company’s stock worth $12,587,000 after buying an additional 3,138 shares during the last quarter. RKL Wealth Management LLC increased its position in shares of Pepsico by 4.5% in the third quarter. RKL Wealth Management LLC now owns 6,471 shares of the company’s stock worth $704,000 after buying an additional 278 shares during the last quarter. PGGM Investments increased its position in shares of Pepsico by 4.7% in the third quarter. PGGM Investments now owns 1,240,097 shares of the company’s stock worth $134,885,000 after buying an additional 55,591 shares during the last quarter. Parkwood LLC increased its position in shares of Pepsico by 0.3% in the third quarter. Parkwood LLC now owns 47,385 shares of the company’s stock worth $5,154,000 after buying an additional 142 shares during the last quarter. Finally, West Coast Financial LLC increased its position in shares of Pepsico by 11.5% in the third quarter. West Coast Financial LLC now owns 56,375 shares of the company’s stock worth $6,132,000 after buying an additional 5,800 shares during the last quarter. Hedge funds and other institutional investors own 71.25% of the company’s stock.
Shares of Pepsico, Inc. (PEP) opened at 116.86 on Friday. The company has a 50 day moving average price of $115.12 and a 200 day moving average price of $109.40. The stock has a market cap of $166.93 billion, a P/E ratio of 25.18 and a beta of 0.68. Pepsico, Inc. has a 12-month low of $98.50 and a 12-month high of $118.12.
Pepsico (NYSE:PEP) last issued its earnings results on Wednesday, April 26th. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.03. The business had revenue of $12.05 billion for the quarter, compared to analyst estimates of $11.98 billion. Pepsico had a return on equity of 58.42% and a net margin of 10.66%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the company posted $0.89 EPS. Analysts anticipate that Pepsico, Inc. will post $5.15 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 2nd will be given a $0.805 dividend. The ex-dividend date is Wednesday, May 31st. This is a positive change from Pepsico’s previous quarterly dividend of $0.75. This represents a $3.22 annualized dividend and a yield of 2.76%. Pepsico’s dividend payout ratio (DPR) is 69.40%.
PEP has been the topic of a number of analyst reports. Vetr downgraded Pepsico from a “hold” rating to a “sell” rating and set a $105.00 price objective on the stock. in a research report on Tuesday, February 21st. Sanford C. Bernstein reiterated an “outperform” rating on shares of Pepsico in a research report on Friday, March 3rd. J P Morgan Chase & Co initiated coverage on Pepsico in a research report on Tuesday, March 21st. They set an “overweight” rating and a $125.00 price objective on the stock. BMO Capital Markets restated a “buy” rating and issued a $115.00 target price on shares of Pepsico in a research report on Wednesday, March 22nd. Finally, Credit Suisse Group lifted their target price on Pepsico from $115.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, March 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $120.66.
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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