Ardevora Asset Management LLP Purchases New Stake in PepsiCo, Inc. (NASDAQ:PEP)

Ardevora Asset Management LLP purchased a new stake in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 314,017 shares of the company’s stock, valued at approximately $52,334,000.

Other institutional investors also recently added to or reduced their stakes in the company. Cypress Wealth Services LLC lifted its holdings in PepsiCo by 2.3% during the first quarter. Cypress Wealth Services LLC now owns 2,544 shares of the company’s stock valued at $426,000 after purchasing an additional 58 shares during the last quarter. Retirement Planning Co of New England Inc. lifted its holdings in PepsiCo by 0.9% during the first quarter. Retirement Planning Co of New England Inc. now owns 6,605 shares of the company’s stock valued at $1,105,000 after purchasing an additional 59 shares during the last quarter. Cullen Capital Management LLC lifted its holdings in PepsiCo by 0.7% during the first quarter. Cullen Capital Management LLC now owns 8,765 shares of the company’s stock valued at $1,467,000 after purchasing an additional 60 shares during the last quarter. Guardian Wealth Advisors LLC lifted its holdings in PepsiCo by 1.5% during the first quarter. Guardian Wealth Advisors LLC now owns 4,084 shares of the company’s stock valued at $684,000 after purchasing an additional 61 shares during the last quarter. Finally, Titleist Asset Management LTD. lifted its holdings in PepsiCo by 2.9% during the first quarter. Titleist Asset Management LTD. now owns 2,183 shares of the company’s stock valued at $365,000 after purchasing an additional 62 shares during the last quarter. Institutional investors own 71.38% of the company’s stock.

PepsiCo Trading Up 0.7 %

Shares of PEP opened at $166.97 on Monday. The firm’s 50 day simple moving average is $173.45 and its 200 day simple moving average is $170.50. The company has a market capitalization of $230.40 billion, a P/E ratio of 25.15, a P/E/G ratio of 3.27 and a beta of 0.55. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.83 and a quick ratio of 0.64. PepsiCo, Inc. has a 1-year low of $149.48 and a 1-year high of $181.07.

PepsiCo (NASDAQ:PEPGet Rating) last issued its quarterly earnings results on Tuesday, July 12th. The company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.13. PepsiCo had a net margin of 11.28% and a return on equity of 52.01%. The business had revenue of $20.23 billion for the quarter, compared to analysts’ expectations of $19.51 billion. During the same period last year, the business earned $1.72 earnings per share. The business’s quarterly revenue was up 5.2% on a year-over-year basis. Sell-side analysts forecast that PepsiCo, Inc. will post 6.66 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have commented on PEP. JPMorgan Chase & Co. dropped their price objective on shares of PepsiCo from $186.00 to $185.00 and set an “overweight” rating on the stock in a report on Wednesday, July 6th. Credit Suisse Group increased their price target on shares of PepsiCo from $168.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday, July 13th. Barclays lowered their price target on shares of PepsiCo from $187.00 to $183.00 and set an “overweight” rating on the stock in a report on Wednesday, July 6th. Deutsche Bank Aktiengesellschaft increased their price target on shares of PepsiCo from $175.00 to $178.00 and gave the stock a “hold” rating in a report on Thursday, July 7th. Finally, Wells Fargo & Company lowered their price target on shares of PepsiCo from $175.00 to $172.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 21st. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $182.00.

Insider Transactions at PepsiCo

In related news, CEO Steven C. Williams sold 1,753 shares of PepsiCo stock in a transaction on Friday, July 15th. The shares were sold at an average price of $171.18, for a total value of $300,078.54. Following 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 document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Steven C. Williams sold 1,753 shares of PepsiCo stock in a transaction on Friday, July 15th. The shares were sold at an average price of $171.18, for a total value of $300,078.54. Following 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 document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ramkumar Krishnan sold 3,433 shares of PepsiCo stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $174.83, for a total transaction of $600,191.39. Following the completion of the sale, the chief executive officer now owns 50,577 shares in the company, valued at approximately $8,842,376.91. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

PepsiCo Company Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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