West Oak Capital LLC trimmed its holdings in Pepsico, Inc. (NYSE:PEP) by 2.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,449 shares of the company’s stock after selling 319 shares during the quarter. Pepsico accounts for approximately 1.1% of West Oak Capital LLC’s investment portfolio, making the stock its 25th biggest holding. West Oak Capital LLC’s holdings in Pepsico were worth $1,784,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of PEP. Burke & Herbert Bank & Trust Co. boosted its holdings in Pepsico by 10.2% in the first quarter. Burke & Herbert Bank & Trust Co. now owns 16,202 shares of the company’s stock valued at $1,812,000 after purchasing an additional 1,500 shares during the last quarter. Stock Yards Bank & Trust Co. boosted its holdings in Pepsico by 1.9% in the first quarter. Stock Yards Bank & Trust Co. now owns 69,509 shares of the company’s stock valued at $7,776,000 after purchasing an additional 1,290 shares during the last quarter. Gulf International Bank UK Ltd boosted its holdings in Pepsico by 1.5% in the first quarter. Gulf International Bank UK Ltd now owns 446,701 shares of the company’s stock valued at $49,967,000 after purchasing an additional 6,520 shares during the last quarter. Addenda Capital Inc. boosted its holdings in Pepsico by 18.9% in the first quarter. Addenda Capital Inc. now owns 31,387 shares of the company’s stock valued at $3,368,000 after purchasing an additional 4,989 shares during the last quarter. Finally, Augustine Asset Management Inc. purchased a new stake in Pepsico in the first quarter valued at $212,000. 70.16% of the stock is currently owned by institutional investors.
In related news, SVP Marie T. Gallagher sold 41,489 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $116.77, for a total transaction of $4,844,670.53. Following the sale, the senior vice president now owns 76,037 shares of the company’s stock, valued at $8,878,840.49. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Indra K. Nooyi sold 452,830 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $116.44, for a total transaction of $52,727,525.20. Following the sale, the chairman now directly 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 three months, insiders have sold 898,164 shares of company stock worth $104,585,929. 0.26% of the stock is owned by insiders.
Pepsico, Inc. (NYSE PEP) traded up 0.58% on Friday, hitting $114.85. 5,543,002 shares of the company traded hands. The stock’s 50-day moving average is $116.42 and its 200 day moving average is $114.56. The stock has a market cap of $163.72 billion, a PE ratio of 24.32 and a beta of 0.68. Pepsico, Inc. has a 12 month low of $98.50 and a 12 month high of $119.39. Pepsico also was the recipient of unusually large options trading activity on Wednesday. Stock traders bought 1,176 call options on the company. This is an increase of approximately 536% compared to the average volume of 185 call options.
Pepsico (NYSE:PEP) last released its quarterly earnings data on Tuesday, July 11th. The company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.10. The firm had revenue of $15.71 billion for the quarter, compared to the consensus estimate of $15.57 billion. Pepsico had a net margin of 10.77% and a return on equity of 59.74%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.35 earnings per share. Equities research analysts expect that Pepsico, Inc. will post $5.16 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be issued a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Wednesday, August 30th. Pepsico’s dividend payout ratio is currently 68.22%.
PEP has been the topic of several recent research reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $127.00 price target on shares of Pepsico in a report on Friday, May 19th. Zacks Investment Research raised shares of Pepsico from a “hold” rating to a “buy” rating and set a $129.00 price target on the stock in a report on Friday, July 14th. BidaskClub raised shares of Pepsico from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Pepsico in a report on Wednesday, May 31st. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $115.00 price target on shares of Pepsico in a report on Thursday, May 25th. Six equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $123.44.
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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