iAB Financial Bank reduced its holdings in shares of Pepsico, Inc. (NYSE:PEP) by 1.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,930 shares of the company’s stock after selling 500 shares during the period. Pepsico comprises 1.7% of iAB Financial Bank’s portfolio, making the stock its 14th largest holding. iAB Financial Bank’s holdings in Pepsico were worth $3,457,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Asset Planning Services Ltd. increased its stake in shares of Pepsico by 0.3% in the second quarter. Asset Planning Services Ltd. now owns 1,006 shares of the company’s stock worth $116,000 after purchasing an additional 3 shares in the last quarter. Accurate Investment Solutions Inc. increased its stake in shares of Pepsico by 0.3% in the second quarter. Accurate Investment Solutions Inc. now owns 1,851 shares of the company’s stock worth $214,000 after purchasing an additional 5 shares in the last quarter. Northwest Wealth Management LLC increased its stake in shares of Pepsico by 0.4% in the second quarter. Northwest Wealth Management LLC now owns 2,511 shares of the company’s stock worth $290,000 after purchasing an additional 11 shares in the last quarter. Willingdon Wealth Management increased its stake in shares of Pepsico by 0.3% in the first quarter. Willingdon Wealth Management now owns 6,381 shares of the company’s stock worth $714,000 after purchasing an additional 16 shares in the last quarter. Finally, SRS Capital Advisors Inc. increased its stake in shares of Pepsico by 0.7% in the first quarter. SRS Capital Advisors Inc. now owns 2,710 shares of the company’s stock worth $303,000 after purchasing an additional 20 shares in the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.
In other Pepsico news, insider Ramon Laguarta sold 21,449 shares of the stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $110.51, for a total transaction of $2,370,328.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.26% of the stock is owned by company insiders.
Pepsico, Inc. (NYSE:PEP) traded up $0.82 during mid-day trading on Monday, reaching $115.90. 1,183,000 shares of the company’s stock traded hands, compared to its average volume of 3,655,808. Pepsico, Inc. has a fifty-two week low of $98.50 and a fifty-two week high of $119.39. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $164,826.38, a price-to-earnings ratio of 22.64, a P/E/G ratio of 3.15 and a beta of 0.66.
Pepsico (NYSE:PEP) last released its quarterly earnings data on Wednesday, October 4th. The company reported $1.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.05. Pepsico had a net margin of 10.97% and a return on equity of 59.68%. The business had revenue of $16.24 billion during the quarter, compared to analyst estimates of $16.35 billion. During the same quarter last year, the business earned $1.40 earnings per share. Pepsico’s quarterly revenue was up 1.3% compared to the same quarter last year. research analysts anticipate that Pepsico, Inc. will post 5.22 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 8th. Shareholders of record on Friday, December 1st will be given a dividend of $0.805 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $3.22 annualized dividend and a yield of 2.78%. Pepsico’s dividend payout ratio (DPR) is currently 66.53%.
A number of analysts have recently issued reports on the stock. BidaskClub raised shares of Pepsico from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Zacks Investment Research raised shares of Pepsico from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a research note on Tuesday, August 22nd. Credit Suisse Group lowered shares of Pepsico from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $126.00 to $124.00 in a research report on Friday, September 8th. Royal Bank Of Canada restated a “hold” rating and set a $115.00 target price on shares of Pepsico in a research report on Wednesday, September 6th. Finally, BMO Capital Markets restated a “hold” rating and set a $120.00 target price on shares of Pepsico in a research report on Wednesday, September 6th. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Pepsico presently has an average rating of “Buy” and an average target price of $121.35.
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).
Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pepsico, Inc. (NYSE:PEP).
Receive News & Ratings for Pepsico Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pepsico Inc. and related companies with MarketBeat.com's FREE daily email newsletter.