OLD Second National Bank of Aurora maintained its stake in shares of Pepsico, Inc. (NYSE:PEP) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,178 shares of the company’s stock at the close of the 2nd quarter. OLD Second National Bank of Aurora’s holdings in Pepsico were worth $482,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Asset Planning Services Ltd. raised its holdings in Pepsico by 66.1% in the 1st quarter. Asset Planning Services Ltd. now owns 1,003 shares of the company’s stock valued at $112,000 after buying an additional 399 shares during the period. Riggs Asset Managment Co. Inc. raised its holdings in Pepsico by 14.9% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 1,270 shares of the company’s stock valued at $142,000 after buying an additional 165 shares during the period. Millie Capital Management LLC purchased a new stake in Pepsico in the 1st quarter valued at about $202,000. Granite Investment Advisors LLC purchased a new stake in Pepsico in the 1st quarter valued at about $204,000. Finally, Spectrum Management Group Inc. purchased a new stake in Pepsico in the 1st quarter valued at about $205,000. Hedge funds and other institutional investors own 70.06% of the company’s stock.
PEP has been the subject of several research reports. Zacks Investment Research downgraded Pepsico from a “buy” rating to a “hold” rating in a research report on Monday, August 28th. Credit Suisse Group downgraded Pepsico from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $126.00 to $124.00 in a research report on Friday, September 8th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $130.00 target price (up from $127.00) on shares of Pepsico in a research report on Thursday, July 6th. Cowen and Company reaffirmed an “outperform” rating and issued a $128.00 target price on shares of Pepsico in a research report on Thursday, July 13th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $120.00 target price on shares of Pepsico in a research report on Wednesday, September 6th. Six analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $123.44.
Shares of Pepsico, Inc. (PEP) traded down 0.397% during trading on Wednesday, hitting $114.035. The stock had a trading volume of 1,182,169 shares. The stock’s 50-day moving average price is $116.31 and its 200-day moving average price is $114.69. Pepsico, Inc. has a one year low of $98.50 and a one year high of $119.39. The company has a market cap of $162.56 billion, a P/E ratio of 24.150 and a beta of 0.68.
Pepsico (NYSE:PEP) last announced its earnings results on Tuesday, July 11th. The company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.40 by $0.10. The business 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%. The company’s revenue was up 2.0% on a year-over-year basis. During the same period last year, the business posted $1.35 EPS. On average, equities research analysts forecast that Pepsico, Inc. will post $5.16 EPS for the current fiscal year.
The business also recently announced 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. The ex-dividend date is Wednesday, August 30th. This represents a $3.22 annualized dividend and a dividend yield of 2.81%. Pepsico’s payout ratio is currently 68.22%.
In other Pepsico news, EVP Mehmood Khan sold 63,396 shares of the firm’s 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 completion of the sale, the executive vice president now owns 174,273 shares in the company, valued at approximately $20,283,634.47. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Indra K. Nooyi sold 452,830 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $116.44, for a total value of $52,727,525.20. Following the sale, the chairman now owns 733,315 shares of the company’s stock, valued at approximately $85,387,198.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 898,164 shares of company stock worth $104,585,929. Company insiders own 0.26% of the company’s stock.
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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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