GABELLI & Co INVESTMENT ADVISERS INC. Has $1,046,000 Stake in PepsiCo, Inc. (PEP)

GABELLI & Co INVESTMENT ADVISERS INC. maintained its position in shares of PepsiCo, Inc. (NYSE:PEP) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,000 shares of the company’s stock at the end of the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in PepsiCo were worth $1,046,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PEP. Itau Unibanco Holding S.A. purchased a new position in shares of PepsiCo during the third quarter worth approximately $101,000. Piershale Financial Group Inc. raised its stake in 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 period. Edmond DE Rothschild Monaco bought a new stake in PepsiCo during the third quarter valued at about $131,000. Peddock Capital Advisors LLC bought a new stake in PepsiCo during the third quarter valued at about $152,000. Finally, NewSquare Capital LLC raised its stake in 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 period. 70.43% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo, Inc. (NYSE:PEP) traded down 0.14% during midday trading on Friday, reaching $113.43. The company had a trading volume of 3,885,269 shares. PepsiCo, Inc. has a one year low of $98.50 and a one year high of $114.61. The stock has a market capitalization of $161.89 billion, a price-to-earnings ratio of 26.02 and a beta of 0.53. The company has a 50-day moving average price of $111.62 and a 200-day moving average price of $106.65.

PepsiCo (NYSE:PEP) last issued its quarterly earnings data on Wednesday, February 15th. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.04. The company earned $19.52 billion during the quarter, compared to the consensus estimate of $19.51 billion. PepsiCo had a net margin of 10.74% and a return on equity of 56.16%. PepsiCo’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.06 earnings per share. On average, equities analysts expect that PepsiCo, Inc. will post $5.12 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Friday, March 3rd were given a dividend of $0.7525 per share. This represents a $3.01 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date was Wednesday, March 1st. PepsiCo’s payout ratio is presently 66.01%.

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Several analysts recently weighed in on PEP shares. Royal Bank of Canada reaffirmed a “hold” rating and issued a $115.00 price objective on shares of PepsiCo in a research note on Thursday, March 23rd. Credit Suisse Group AG raised their price objective on PepsiCo from $115.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, March 23rd. Vetr lowered PepsiCo from a “hold” rating to a “sell” rating and set a $105.00 price objective on the stock. in a research note on Tuesday, February 21st. BMO Capital Markets reaffirmed a “buy” rating and issued a $115.00 price objective on shares of PepsiCo in a research note on Wednesday, March 22nd. Finally, Susquehanna Bancshares Inc raised PepsiCo from a “neutral” rating to a “positive” rating and raised their price objective for the company from $118.00 to $132.00 in a research note on Wednesday, April 12th. Two equities research 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 stock presently has an average rating of “Buy” and an average target price of $117.12.

In other news, CEO Ramon Laguarta sold 23,585 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 135,859 shares of the company’s stock, valued at $14,815,423.95. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Vivek Sankaran sold 2,000 shares of the company’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $110.22, for a total value of $220,440.00. Following the transaction, the chief operating officer now directly owns 73,595 shares in the company, valued at $8,111,640.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,343 shares of company stock worth $4,850,480. Insiders own 0.33% of the company’s stock.

About PepsiCo

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).