CENTRAL TRUST Co Sells 11,255 Shares of Pepsico, Inc. (PEP)

CENTRAL TRUST Co lessened its stake in shares of Pepsico, Inc. (NYSE:PEP) by 4.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 242,524 shares of the company’s stock after selling 11,255 shares during the quarter. Pepsico comprises about 1.9% of CENTRAL TRUST Co’s holdings, making the stock its 4th biggest holding. CENTRAL TRUST Co’s holdings in Pepsico were worth $28,009,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the company. Schwab Charles Investment Management Inc. increased its holdings in shares of Pepsico by 3.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 7,543,614 shares of the company’s stock valued at $843,829,000 after acquiring an additional 280,480 shares during the period. Fisher Asset Management LLC increased its holdings in shares of Pepsico by 5.0% in the 2nd quarter. Fisher Asset Management LLC now owns 5,775,278 shares of the company’s stock valued at $666,987,000 after acquiring an additional 277,607 shares during the period. Pioneer Investment Management Inc. increased its holdings in shares of Pepsico by 19.9% in the 1st quarter. Pioneer Investment Management Inc. now owns 4,414,828 shares of the company’s stock valued at $493,842,000 after acquiring an additional 733,294 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Pepsico by 14.6% in the 1st quarter. Russell Investments Group Ltd. now owns 3,881,793 shares of the company’s stock valued at $434,310,000 after acquiring an additional 495,542 shares during the period. Finally, Canada Pension Plan Investment Board increased its holdings in shares of Pepsico by 92.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 3,317,230 shares of the company’s stock valued at $371,065,000 after acquiring an additional 1,593,550 shares during the period. Institutional investors and hedge funds own 70.17% of the company’s stock.

In related news, Chairman Indra K. Nooyi sold 452,830 shares of the stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $116.44, for a total value of $52,727,525.20. Following the completion of the transaction, the chairman now owns 733,315 shares in the company, valued at approximately $85,387,198.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Marie T. Gallagher sold 41,489 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $116.77, for a total value of $4,844,670.53. Following the completion of the transaction, the senior vice president now owns 76,037 shares of the company’s stock, valued at approximately $8,878,840.49. The disclosure for this sale can be found here. Over the last ninety 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 equities analysts have recently commented on PEP shares. Zacks Investment Research raised shares of Pepsico from a “hold” rating to a “buy” rating and set a $132.00 target price on the stock in a report on Tuesday, August 22nd. Credit Suisse Group cut shares of Pepsico from an “outperform” rating to a “neutral” rating and cut their target price for the company from $126.00 to $124.00 in a report on Friday, September 8th. Jefferies Group LLC cut shares of Pepsico from a “buy” rating to a “hold” rating and cut their target price for the company from $133.00 to $108.00 in a report on Monday, October 2nd. BidaskClub raised shares of Pepsico from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $115.00 target price on shares of Pepsico in a report on Wednesday, September 6th. Seven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $121.80.

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Pepsico, Inc. (NYSE:PEP) traded up 0.73% during midday trading on Thursday, hitting $112.32. 1,495,092 shares of the company traded hands. The stock has a 50 day moving average of $113.49 and a 200 day moving average of $114.72. Pepsico, Inc. has a 12-month low of $98.50 and a 12-month high of $119.39. The stock has a market cap of $159.74 billion, a P/E ratio of 23.21 and a beta of 0.68.

Pepsico (NYSE:PEP) last released its earnings results on Wednesday, October 4th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.05. The firm had revenue of $16.24 billion for the quarter, compared to analyst estimates of $16.35 billion. Pepsico had a return on equity of 59.68% and a net margin of 10.97%. Pepsico’s revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.40 earnings per share. Equities research analysts predict that Pepsico, Inc. will post $5.23 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 1st were issued a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date was Wednesday, August 30th. Pepsico’s payout ratio is currently 66.53%.

Pepsico Profile

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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