Rothschild Investment Corp IL Has $2.30 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Rothschild Investment Corp IL reduced its holdings in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 0.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,811 shares of the company’s stock after selling 100 shares during the period. Rothschild Investment Corp IL’s holdings in PepsiCo were worth $2,301,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in PepsiCo by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 124,592,570 shares of the company’s stock valued at $20,854,304,000 after purchasing an additional 1,991,968 shares during the last quarter. BlackRock Inc. raised its stake 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 acquiring an additional 5,454,097 shares during the last quarter. State Street Corp raised its stake in shares of PepsiCo by 0.8% in the first quarter. State Street Corp now owns 59,395,137 shares of the company’s stock worth $9,941,558,000 after acquiring an additional 490,575 shares during the last quarter. Capital Research Global Investors raised its stake in shares of PepsiCo by 9.6% in the fourth quarter. Capital Research Global Investors now owns 18,698,968 shares of the company’s stock worth $3,248,196,000 after acquiring an additional 1,634,702 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of PepsiCo by 10.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 15,264,902 shares of the company’s stock worth $2,555,040,000 after acquiring an additional 1,427,405 shares during the last quarter. 71.38% of the stock is owned by institutional investors.

PepsiCo Stock Up 0.1 %

Shares of NASDAQ PEP opened at $168.92 on Wednesday. The company has a 50 day simple moving average of $173.41 and a 200 day simple moving average of $170.49. The firm has a market cap of $233.09 billion, a PE ratio of 25.44, a price-to-earnings-growth ratio of 3.31 and a beta of 0.55. 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.

PepsiCo (NASDAQ:PEPGet Rating) last posted its quarterly earnings results on Tuesday, July 12th. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 11.28% and a return on equity of 52.01%. PepsiCo’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.72 EPS. On average, research analysts forecast that PepsiCo, Inc. will post 6.66 EPS for the current year.

PepsiCo Dividend Announcement

The business 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 dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Thursday, September 1st. PepsiCo’s payout ratio is presently 69.28%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PEP. Credit Suisse Group boosted their target price on shares of PepsiCo from $168.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 13th. Wells Fargo & Company lowered their price target on shares of PepsiCo from $175.00 to $172.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 21st. JPMorgan Chase & Co. decreased their price objective on shares of PepsiCo from $186.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, July 6th. UBS Group decreased their price objective on shares of PepsiCo from $190.00 to $182.00 and set a “buy” rating for the company in a report on Tuesday, June 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of PepsiCo from $175.00 to $178.00 and gave the company a “hold” rating in a report on Thursday, July 7th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, PepsiCo has an average rating of “Moderate Buy” and an average price target of $182.00.

Insider Transactions at PepsiCo

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

PepsiCo Profile

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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.

Further Reading

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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