Baader Bank INC Purchases 16,348 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Baader Bank INC grew its position in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 130.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,848 shares of the company’s stock after buying an additional 16,348 shares during the period. Baader Bank INC’s holdings in PepsiCo were worth $4,828,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in PEP. Norges Bank bought a new position in shares of PepsiCo in the fourth quarter worth $2,180,925,000. BlackRock Inc. increased its position in shares of PepsiCo by 5.5% in the fourth quarter. BlackRock Inc. now owns 105,501,759 shares of the company’s stock worth $18,326,710,000 after purchasing an additional 5,454,097 shares during the period. Royal Bank of Canada boosted its stake in PepsiCo by 56.6% in the first quarter. Royal Bank of Canada now owns 14,810,738 shares of the company’s stock valued at $2,479,022,000 after buying an additional 5,352,721 shares in the last quarter. Vanguard Group Inc. boosted its stake in PepsiCo by 1.6% in the first quarter. Vanguard Group Inc. now owns 124,592,570 shares of the company’s stock valued at $20,854,304,000 after buying an additional 1,991,968 shares in the last quarter. Finally, Sanders Capital LLC boosted its stake in PepsiCo by 34.3% in the fourth quarter. Sanders Capital LLC now owns 6,691,540 shares of the company’s stock valued at $1,285,136,000 after buying an additional 1,708,005 shares in the last quarter. Institutional investors own 71.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PEP. Wells Fargo & Company reduced their price objective on PepsiCo from $175.00 to $172.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 21st. Barclays reduced their price objective on PepsiCo from $187.00 to $183.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 6th. UBS Group reduced their price objective on PepsiCo from $190.00 to $182.00 and set a “buy” rating on the stock in a research note on Tuesday, June 21st. Credit Suisse Group lifted their price target on PepsiCo from $168.00 to $170.00 and gave the company a “neutral” rating in a research note on Wednesday, July 13th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on PepsiCo from $175.00 to $178.00 and gave the company a “hold” rating in a research note on Thursday, July 7th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $182.00.

PepsiCo Price Performance

Shares of PEP opened at $167.41 on Wednesday. PepsiCo, Inc. has a 1 year low of $149.48 and a 1 year high of $181.07. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.83 and a quick ratio of 0.64. The company has a market capitalization of $231.01 billion, a price-to-earnings ratio of 25.21, a price-to-earnings-growth ratio of 3.39 and a beta of 0.55. The business has a 50-day moving average of $173.68 and a 200-day moving average of $170.61.

PepsiCo (NASDAQ:PEPGet Rating) last issued its earnings results on Tuesday, July 12th. The company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.13. The business had revenue of $20.23 billion during the quarter, compared to the consensus estimate of $19.51 billion. PepsiCo had a return on equity of 52.01% and a net margin of 11.28%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.72 earnings per share. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 6.66 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 2nd will be issued a $1.15 dividend. The ex-dividend date is Thursday, September 1st. This represents a $4.60 dividend on an annualized basis and a yield of 2.75%. PepsiCo’s payout ratio is currently 69.28%.

Insiders Place Their Bets

In other PepsiCo news, CEO Steven C. Williams sold 1,753 shares of PepsiCo stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $171.18, for a total value of $300,078.54. Following the completion of the sale, the chief executive officer now directly owns 70,892 shares in the company, valued at $12,135,292.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Steven C. Williams sold 1,753 shares of the business’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $171.18, for a total transaction of $300,078.54. Following the completion of the sale, the chief executive officer now owns 70,892 shares in the company, valued at $12,135,292.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Ramkumar Krishnan sold 3,433 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $174.83, for a total value of $600,191.39. Following the sale, the chief executive officer now owns 50,577 shares of the company’s stock, valued at approximately $8,842,376.91. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by corporate insiders.

About PepsiCo

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PepsiCo, Inc manufactures, markets, distributes, and sells various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.

See Also

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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