PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Forsta AP Fonden

Forsta AP Fonden trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 6.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 327,800 shares of the company’s stock after selling 22,200 shares during the period. PepsiCo accounts for 0.6% of Forsta AP Fonden’s portfolio, making the stock its 21st biggest position. Forsta AP Fonden’s holdings in PepsiCo were worth $54,867,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Qube Research & Technologies Ltd increased its stake in PepsiCo by 544.7% during the 4th quarter. Qube Research & Technologies Ltd now owns 225,477 shares of the company’s stock valued at $39,168,000 after buying an additional 190,503 shares during the period. Castle Rock Wealth Management LLC increased its stake in PepsiCo by 5.7% during the 4th quarter. Castle Rock Wealth Management LLC now owns 6,608 shares of the company’s stock valued at $1,151,000 after buying an additional 354 shares during the period. Hurlow Wealth Management Group Inc. increased its stake in PepsiCo by 10.2% during the 4th quarter. Hurlow Wealth Management Group Inc. now owns 3,940 shares of the company’s stock valued at $538,000 after buying an additional 364 shares during the period. Pinnacle Associates Ltd. increased its stake in PepsiCo by 14.1% during the 4th quarter. Pinnacle Associates Ltd. now owns 113,912 shares of the company’s stock valued at $19,788,000 after buying an additional 14,057 shares during the period. Finally, Hengehold Capital Management LLC increased its stake in PepsiCo by 2.0% during the 4th quarter. Hengehold Capital Management LLC now owns 17,090 shares of the company’s stock valued at $2,969,000 after buying an additional 338 shares during the period. 72.12% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at PepsiCo

In other news, CEO Steven C. Williams sold 1,753 shares of the firm’s 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other PepsiCo news, EVP David Flavell sold 5,150 shares of PepsiCo stock in a transaction on Monday, May 16th. The shares were sold at an average price of $175.11, for a total transaction of $901,816.50. Following the sale, the executive vice president now owns 28,275 shares in the company, valued at $4,951,235.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Steven C. Williams sold 1,753 shares of PepsiCo stock in a transaction 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 sale, the chief executive officer now owns 70,892 shares in the company, valued at approximately $12,135,292.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,896 shares of company stock worth $2,602,868. Insiders own 0.12% of the company’s stock.

PepsiCo Stock Down 1.3 %

PEP traded down $2.35 during midday trading on Friday, hitting $173.52. 144,774 shares of the company’s stock traded hands, compared to its average volume of 4,064,957. The company has a market cap of $239.44 billion, a PE ratio of 26.05, a price-to-earnings-growth ratio of 3.47 and a beta of 0.55. The stock’s fifty day simple moving average is $167.60 and its 200-day simple moving average is $169.49. 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 one year low of $149.48 and a one year high of $177.69.

PepsiCo (NASDAQ:PEPGet Rating) last issued its quarterly earnings data on Tuesday, July 12th. The company reported $1.86 earnings per share 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 for the quarter, compared to analyst estimates of $19.51 billion. During the same quarter last year, the firm earned $1.72 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, equities analysts anticipate that PepsiCo, Inc. will post 6.65 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 2nd will be paid a $1.15 dividend. The ex-dividend date is Thursday, September 1st. This represents a $4.60 annualized dividend and a dividend yield of 2.65%. PepsiCo’s payout ratio is 69.28%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Credit Suisse Group raised their price objective on shares of PepsiCo from $168.00 to $170.00 and gave the company a “neutral” rating in a research report on Wednesday, July 13th. Guggenheim raised their price objective on shares of PepsiCo from $188.00 to $193.00 in a research report on Wednesday, April 27th. Citigroup raised their price objective on shares of PepsiCo from $194.00 to $198.00 in a research report on Wednesday, April 27th. Barclays reduced their price objective 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. Finally, UBS Group decreased their target price 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. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $182.00.

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

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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