PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Parthenon LLC

by · The Cerbat Gem

Parthenon LLC lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 0.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 100,385 shares of the company’s stock after selling 388 shares during the quarter. PepsiCo comprises about 1.9% of Parthenon LLC’s investment portfolio, making the stock its 16th biggest position. Parthenon LLC’s holdings in PepsiCo were worth $15,052,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Asset Management One Co. Ltd. boosted its holdings in shares of PepsiCo by 3.6% during the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company’s stock worth $94,598,000 after purchasing an additional 21,859 shares during the last quarter. Ossiam boosted its holdings in PepsiCo by 138.9% in the fourth quarter. Ossiam now owns 73,604 shares of the company’s stock valued at $11,192,000 after acquiring an additional 42,793 shares during the last quarter. OMERS ADMINISTRATION Corp boosted its holdings in PepsiCo by 12.1% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company’s stock valued at $18,977,000 after acquiring an additional 13,461 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in PepsiCo by 2.3% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 270,938 shares of the company’s stock valued at $40,624,000 after acquiring an additional 6,112 shares during the last quarter. Finally, Hutner Capital Management Inc. boosted its holdings in PepsiCo by 14.6% in the fourth quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company’s stock valued at $8,178,000 after acquiring an additional 6,865 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Up 0.2%

Shares of PepsiCo stock opened at $135.57 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13. The firm has a market cap of $185.88 billion, a P/E ratio of 19.94, a P/E/G ratio of 4.23 and a beta of 0.45. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $180.91. The business has a 50-day moving average price of $131.56 and a 200 day moving average price of $141.38.

PepsiCo (NASDAQ:PEP – Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.01). The firm had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.61 earnings per share. On average, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were paid a $1.4225 dividend. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend was Friday, June 6th. PepsiCo’s payout ratio is presently 83.68%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Evercore ISI set a $140.00 target price on PepsiCo in a report on Thursday, April 24th. Bank of America reduced their target price on PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday. UBS Group cut their price objective on PepsiCo from $175.00 to $169.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. JPMorgan Chase & Co. cut their price objective on PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, July 10th. Finally, Dbs Bank lowered PepsiCo from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $158.19.

Read Our Latest Research Report on PepsiCo

PepsiCo Profile

(Free Report)

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of 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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