Murphy Pohlad Asset Management LLC lowered its stake in shares of Pepsico, Inc. (NYSE:PEP) by 3.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,913 shares of the company’s stock after selling 620 shares during the period. Murphy Pohlad Asset Management LLC’s holdings in Pepsico were worth $1,891,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the stock. Gierl Augustine Investment Management Inc increased its position in shares of Pepsico by 0.8% in the first quarter. Gierl Augustine Investment Management Inc now owns 1,846 shares of the company’s stock valued at $207,000 after buying an additional 14 shares during the last quarter. Univest Corp of Pennsylvania increased its position in shares of Pepsico by 0.7% in the first quarter. Univest Corp of Pennsylvania now owns 2,350 shares of the company’s stock valued at $263,000 after buying an additional 17 shares during the last quarter. Highland Private Wealth Management increased its position in shares of Pepsico by 0.5% in the fourth quarter. Highland Private Wealth Management now owns 3,574 shares of the company’s stock valued at $374,000 after buying an additional 18 shares during the last quarter. Nadler Financial Group Inc. increased its position in shares of Pepsico by 0.5% in the first quarter. Nadler Financial Group Inc. now owns 6,354 shares of the company’s stock valued at $711,000 after buying an additional 34 shares during the last quarter. Finally, Investec Asset Management PTY Ltd increased its position in shares of Pepsico by 0.4% in the fourth quarter. Investec Asset Management PTY Ltd now owns 11,808 shares of the company’s stock valued at $1,237,000 after buying an additional 44 shares during the last quarter. Hedge funds and other institutional investors own 70.45% of the company’s stock.
Pepsico, Inc. (NYSE PEP) traded down 0.62% during mid-day trading on Friday, reaching $116.61. The company’s stock had a trading volume of 3,276,278 shares. The firm’s 50 day moving average is $116.00 and its 200-day moving average is $111.88. Pepsico, Inc. has a 12-month low of $98.50 and a 12-month high of $118.24. The company has a market cap of $166.23 billion, a PE ratio of 24.70 and a beta of 0.67.
Pepsico (NYSE:PEP) last issued its quarterly earnings results on Tuesday, July 11th. The company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.10. The company had revenue of $15.71 billion for the quarter, compared to the consensus estimate of $15.57 billion. Pepsico had a return on equity of 59.74% and a net margin of 10.77%. Pepsico’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.35 earnings per share. Equities analysts anticipate that Pepsico, Inc. will post $5.16 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be given a $0.805 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $3.22 annualized dividend and a dividend yield of 2.76%. Pepsico’s dividend payout ratio (DPR) is presently 68.22%.
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Several equities analysts have recently weighed in on the company. Jefferies Group LLC raised their price target on Pepsico from $120.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, April 19th. UBS AG upgraded Pepsico from a “neutral” rating to a “positive” rating in a report on Wednesday, April 12th. BMO Capital Markets downgraded Pepsico from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $118.00 to $120.00 in a report on Wednesday, June 7th. They noted that the move was a valuation call. Royal Bank Of Canada reiterated a “hold” rating and issued a $115.00 price objective on shares of Pepsico in a report on Thursday, May 25th. Finally, Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $133.00 price objective (down from $134.00) on shares of Pepsico in a report on Thursday, July 6th. Five investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Pepsico presently has an average rating of “Buy” and an average price target of $123.04.
In related news, EVP Mehmood Khan sold 63,396 shares of Pepsico stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $116.39, for a total transaction of $7,378,660.44. Following the transaction, the executive vice president now owns 174,273 shares in the company, valued at $20,283,634.47. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Indra K. Nooyi sold 452,830 shares of Pepsico stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $116.44, for a total value of $52,727,525.20. Following the transaction, the chairman now owns 733,315 shares in the company, valued at approximately $85,387,198.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 856,675 shares of company stock worth $99,741,258. Company insiders own 0.26% 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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