Pepsico, Inc. (PEP) Holdings Cut by Stellar Capital Management LLC

Stellar Capital Management LLC lessened its holdings in Pepsico, Inc. (NYSE:PEP) by 0.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,560 shares of the company’s stock after selling 35 shares during the period. Stellar Capital Management LLC’s holdings in Pepsico were worth $510,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Marshall & Sullivan Inc. WA grew its position in Pepsico by 3.7% in the first quarter. Marshall & Sullivan Inc. WA now owns 30,032 shares of the company’s stock valued at $3,422,000 after acquiring an additional 1,081 shares during the last quarter. Flagship Harbor Advisors LLC grew its position in Pepsico by 21.0% in the first quarter. Flagship Harbor Advisors LLC now owns 7,682 shares of the company’s stock valued at $859,000 after acquiring an additional 1,335 shares during the last quarter. Sterling Investment Advisors Ltd. grew its position in Pepsico by 0.3% in the first quarter. Sterling Investment Advisors Ltd. now owns 15,560 shares of the company’s stock valued at $1,741,000 after acquiring an additional 50 shares during the last quarter. Edgestream Partners L.P. grew its position in Pepsico by 317.9% in the first quarter. Edgestream Partners L.P. now owns 27,675 shares of the company’s stock valued at $3,096,000 after acquiring an additional 21,052 shares during the last quarter. Finally, Shelton Capital Management grew its position in Pepsico by 51.2% in the first quarter. Shelton Capital Management now owns 46,056 shares of the company’s stock valued at $5,152,000 after acquiring an additional 15,586 shares during the last quarter. Hedge funds and other institutional investors own 70.16% of the company’s stock.

Shares of Pepsico, Inc. (NYSE PEP) traded down 0.71% during mid-day trading on Tuesday, hitting $114.87. The stock had a trading volume of 1,173,454 shares. Pepsico, Inc. has a 12 month low of $98.50 and a 12 month high of $119.39. The firm has a 50 day moving average price of $116.69 and a 200-day moving average price of $114.48. The stock has a market cap of $163.75 billion, a P/E ratio of 24.33 and a beta of 0.68.

Pepsico (NYSE:PEP) last announced its quarterly earnings data on Tuesday, July 11th. The company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.40 by $0.10. The firm had revenue of $15.71 billion for the quarter, compared to analyst estimates of $15.57 billion. Pepsico had a return on equity of 59.74% and a net margin of 10.77%. The company’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.35 EPS. On average, equities research analysts forecast that Pepsico, Inc. will post $5.15 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be given a dividend of $0.805 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.22 annualized dividend and a yield of 2.78%. Pepsico’s payout ratio is 68.22%.

In related news, EVP Mehmood Khan sold 63,396 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $116.39, for a total transaction of $7,378,660.44. Following the transaction, the executive vice president now directly owns 174,273 shares in the company, valued at approximately $20,283,634.47. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Marie T. Gallagher sold 41,489 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $116.77, for a total value of $4,844,670.53. Following the transaction, the senior vice president now owns 76,037 shares in the company, valued at $8,878,840.49. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 898,164 shares of company stock worth $104,585,929. 0.26% of the stock is owned by corporate insiders.

A number of research firms have issued reports on PEP. Credit Suisse Group cut Pepsico from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $126.00 to $124.00 in a research report on Friday. Royal Bank Of Canada reiterated a “hold” rating and issued a $115.00 target price on shares of Pepsico in a research report on Wednesday, September 6th. BMO Capital Markets reiterated a “hold” rating and issued a $120.00 target price on shares of Pepsico in a research report on Wednesday, September 6th. Zacks Investment Research upgraded Pepsico from a “hold” rating to a “buy” rating and set a $130.00 target price on the stock in a research report on Tuesday, September 5th. Finally, BidaskClub cut Pepsico from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. Six research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $123.32.

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About Pepsico

PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).

Institutional Ownership by Quarter for Pepsico (NYSE:PEP)

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