Atom Investors LP lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 182.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,392 shares of the company’s stock after acquiring an additional 23,521 shares during the period. Atom Investors LP’s holdings in PepsiCo were worth $4,813,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in PEP. Vanguard Group Inc. boosted its stake in shares of PepsiCo by 6.0% in the second quarter. Vanguard Group Inc. now owns 124,559,499 shares of the company’s stock valued at $16,474,240,000 after buying an additional 7,075,509 shares during the period. HBK Sorce Advisory LLC raised its holdings in PepsiCo by 1.4% in the 2nd quarter. HBK Sorce Advisory LLC now owns 22,900 shares of the company’s stock valued at $3,029,000 after acquiring an additional 327 shares in the last quarter. Logan Capital Management Inc. lifted its position in shares of PepsiCo by 4.2% during the 2nd quarter. Logan Capital Management Inc. now owns 98,036 shares of the company’s stock valued at $12,966,000 after acquiring an additional 3,909 shares during the period. Ancora Advisors LLC grew its holdings in shares of PepsiCo by 0.6% during the 2nd quarter. Ancora Advisors LLC now owns 146,309 shares of the company’s stock worth $19,351,000 after purchasing an additional 909 shares in the last quarter. Finally, Quantamental Technologies LLC increased its position in shares of PepsiCo by 179.7% in the second quarter. Quantamental Technologies LLC now owns 15,944 shares of the company’s stock worth $2,109,000 after purchasing an additional 10,244 shares during the period. 70.16% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ PEP traded down $0.61 during mid-day trading on Friday, hitting $138.76. 4,836,166 shares of the stock traded hands, compared to its average volume of 3,659,532. The company has a debt-to-equity ratio of 3.05, a current ratio of 0.97 and a quick ratio of 0.79. The firm has a 50 day simple moving average of $137.15 and a two-hundred day simple moving average of $133.00. PepsiCo, Inc. has a twelve month low of $101.42 and a twelve month high of $147.20. The company has a market cap of $192.13 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 4.63 and a beta of 0.56.
PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Monday, July 13th. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.07. PepsiCo had a return on equity of 54.77% and a net margin of 10.13%. The business had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.47 billion. During the same period in the prior year, the business earned $1.54 earnings per share. The business’s revenue was down 3.1% compared to the same quarter last year. On average, equities research analysts anticipate that PepsiCo, Inc. will post 5.34 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th will be paid a $1.0225 dividend. This represents a $4.09 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend is Thursday, September 3rd. PepsiCo’s dividend payout ratio (DPR) is presently 73.96%.
In other PepsiCo news, EVP Ronald Schellekens sold 7,611 shares of the company’s stock in a transaction dated Wednesday, July 15th. The shares were sold at an average price of $135.35, for a total value of $1,030,148.85. Following the transaction, the executive vice president now owns 36,639 shares of the company’s stock, valued at $4,959,088.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ramon Laguarta sold 13,109 shares of the company’s stock in a transaction dated Friday, July 17th. The shares were sold at an average price of $134.86, for a total transaction of $1,767,879.74. Following the completion of the transaction, the chief executive officer now directly owns 281,972 shares in the company, valued at approximately $38,026,743.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,655 shares of company stock valued at $3,591,883. 0.13% of the stock is owned by company insiders.
A number of equities research analysts have issued reports on PEP shares. BidaskClub upgraded shares of PepsiCo from a “sell” rating to a “hold” rating in a research note on Saturday. Morgan Stanley reissued a “buy” rating on shares of PepsiCo in a research note on Wednesday, May 13th. Jefferies Financial Group boosted their price objective on shares of PepsiCo from $130.00 to $135.00 and gave the company a “hold” rating in a research report on Thursday, July 9th. Finally, SunTrust Banks lifted their price target on PepsiCo from $125.00 to $130.00 and gave the company a “hold” rating in a research note on Tuesday, July 14th. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. PepsiCo presently has a consensus rating of “Buy” and a consensus target price of $142.87.
PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.
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