PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,620 shares of the company’s stock after buying an additional 321 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in PepsiCo were worth $18,769,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in PEP. Clark Capital Management Group Inc. raised its stake in shares of PepsiCo by 19.4% in the 4th quarter. Clark Capital Management Group Inc. now owns 8,429 shares of the company’s stock valued at $1,464,000 after purchasing an additional 1,370 shares in the last quarter. Mutual Advisors LLC grew its position in shares of PepsiCo by 12.5% during the 4th quarter. Mutual Advisors LLC now owns 9,203 shares of the company’s stock valued at $1,599,000 after buying an additional 1,022 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of PepsiCo during the 4th quarter valued at about $311,000. Trail Ridge Investment Advisors LLC bought a new stake in shares of PepsiCo during the 4th quarter valued at about $409,000. Finally, Blair William & Co. IL grew its position in shares of PepsiCo by 5.3% during the 4th quarter. Blair William & Co. IL now owns 487,720 shares of the company’s stock valued at $84,722,000 after buying an additional 24,592 shares during the last quarter. Institutional investors and hedge funds own 71.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of PepsiCo from $175.00 to $172.00 and set an “equal weight” rating for the company in a report on Tuesday, June 21st. Barclays reduced their price target on shares of PepsiCo from $187.00 to $183.00 and set an “overweight” rating for the company in a research 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 research note on Thursday, July 7th. JPMorgan Chase & Co. dropped their price target on shares of PepsiCo from $186.00 to $185.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 6th. Finally, UBS Group lowered their target price on shares of PepsiCo from $190.00 to $182.00 and set a “buy” rating on the stock in a research note on Tuesday, June 21st. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $182.00.

Insider Transactions at PepsiCo

In other news, CEO Ramkumar Krishnan sold 3,433 shares of PepsiCo stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Ramkumar Krishnan sold 3,433 shares of PepsiCo stock in a transaction that occurred 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 transaction, the chief executive officer now owns 50,577 shares of the company’s stock, valued at approximately $8,842,376.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $300,078.54. Following the transaction, the chief executive officer now directly owns 70,892 shares in the company, valued at approximately $12,135,292.56. The disclosure for this sale can be found here. 0.12% of the stock is owned by corporate insiders.

PepsiCo Price Performance

NASDAQ:PEP opened at $168.44 on Thursday. PepsiCo, Inc. has a 52 week low of $149.48 and a 52 week high of $181.07. The company has a market capitalization of $232.43 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 3.31 and a beta of 0.55. The company has a 50-day moving average of $173.37 and a 200-day moving average of $170.46. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.64 and a current ratio of 0.83.

PepsiCo (NASDAQ:PEPGet Rating) last announced 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. PepsiCo had a net margin of 11.28% and a return on equity of 52.01%. The firm had revenue of $20.23 billion during the quarter, compared to the consensus estimate of $19.51 billion. During the same period last year, the firm posted $1.72 EPS. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 6.66 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 2nd will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Thursday, September 1st. PepsiCo’s dividend payout ratio is 69.28%.

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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