IFM Investors Pty Ltd Acquires 42,628 Shares of PepsiCo, Inc. (NASDAQ:PEP)

IFM Investors Pty Ltd increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 23.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 221,148 shares of the company’s stock after acquiring an additional 42,628 shares during the quarter. PepsiCo comprises about 0.6% of IFM Investors Pty Ltd’s investment portfolio, making the stock its 29th largest holding. IFM Investors Pty Ltd’s holdings in PepsiCo were worth $37,016,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. SevenBridge Financial Group LLC increased its holdings in PepsiCo by 77.7% in the 1st quarter. SevenBridge Financial Group LLC now owns 35,990 shares of the company’s stock valued at $6,024,000 after buying an additional 15,740 shares during the period. First American Trust FSB increased its holdings in PepsiCo by 9.0% in the 1st quarter. First American Trust FSB now owns 4,817 shares of the company’s stock valued at $806,000 after buying an additional 398 shares during the period. Osher Van de Voorde Investment Management increased its holdings in PepsiCo by 3.1% in the 1st quarter. Osher Van de Voorde Investment Management now owns 101,725 shares of the company’s stock valued at $17,027,000 after buying an additional 3,065 shares during the period. Vigilant Capital Management LLC increased its holdings in PepsiCo by 0.6% in the 1st quarter. Vigilant Capital Management LLC now owns 161,513 shares of the company’s stock valued at $27,034,000 after buying an additional 903 shares during the period. Finally, Wealth Advisors of Iowa LLC bought a new position in PepsiCo in the 4th quarter valued at about $224,000. 72.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on PEP shares. Barclays reduced their price target on shares of PepsiCo from $187.00 to $183.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 6th. JPMorgan Chase & Co. reduced 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. Credit Suisse Group raised their price target on shares of PepsiCo from $168.00 to $170.00 and gave the company a “neutral” rating in a research note on Wednesday, July 13th. Wells Fargo & Company reduced their price target on shares of PepsiCo from $175.00 to $172.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 21st. Finally, Citigroup raised their price target on shares of PepsiCo from $194.00 to $198.00 in a research note on Wednesday, April 27th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $182.00.

PepsiCo Stock Up 0.1 %

Shares of NASDAQ PEP opened at $174.96 on Monday. The company has a market capitalization of $241.43 billion, a P/E ratio of 26.35, a price-to-earnings-growth ratio of 3.33 and a beta of 0.56. PepsiCo, Inc. has a 52-week low of $149.48 and a 52-week high of $177.62. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.64 and a current ratio of 0.83. The company’s 50 day moving average price is $167.17 and its 200-day moving average price is $169.08.

PepsiCo (NASDAQ:PEPGet Rating) last issued its quarterly earnings results on Tuesday, July 12th. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.13. The firm had revenue of $20.23 billion for 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%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.72 EPS. Equities analysts forecast that PepsiCo, Inc. will post 6.65 earnings per share for the current year.

PepsiCo Announces Dividend

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 of this dividend is Thursday, September 1st. This represents a $4.60 annualized dividend and a dividend yield of 2.63%. PepsiCo’s dividend payout ratio is currently 69.28%.

Insider Activity

In other 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 value of $901,816.50. Following the completion of the sale, the executive vice president now owns 28,275 shares in the company, valued at approximately $4,951,235.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other 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 value of $901,816.50. Following the completion of the sale, the executive vice president now owns 28,275 shares in the company, valued at approximately $4,951,235.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction 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. Insiders sold 11,463 shares of company stock worth $2,002,677 in the last quarter. 0.12% of the stock is owned by corporate insiders.

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.

Further Reading

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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