Sumitomo Life Insurance Co. trimmed its stake in Pepsico, Inc. (NYSE:PEP) by 1.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,287 shares of the company’s stock after selling 915 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in Pepsico were worth $5,603,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Pepsico by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 112,083,751 shares of the company’s stock worth $12,944,553,000 after purchasing an additional 2,635,738 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Pepsico by 910.5% in the 2nd quarter. Janus Henderson Group PLC now owns 2,907,923 shares of the company’s stock worth $335,840,000 after purchasing an additional 2,620,149 shares in the last quarter. Harbour Capital Advisors LLC lifted its stake in Pepsico by 11,316.2% in the 2nd quarter. Harbour Capital Advisors LLC now owns 2,183,685 shares of the company’s stock worth $18,908,000 after purchasing an additional 2,164,557 shares in the last quarter. Sanders Capital LLC lifted its stake in Pepsico by 73.4% in the 2nd quarter. Sanders Capital LLC now owns 3,857,425 shares of the company’s stock worth $489,123,000 after purchasing an additional 1,633,325 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in Pepsico by 92.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 3,317,230 shares of the company’s stock worth $371,065,000 after purchasing an additional 1,593,550 shares in the last quarter. Hedge funds and other institutional investors own 70.08% of the company’s stock.
In other news, insider Ramon Laguarta sold 21,449 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $110.51, for a total value of $2,370,328.99. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.26% of the stock is currently owned by company insiders.
Pepsico, Inc. (NYSE PEP) opened at $119.02 on Thursday. Pepsico, Inc. has a twelve month low of $101.06 and a twelve month high of $119.74. The company has a market cap of $168,680.38, a price-to-earnings ratio of 23.17, a P/E/G ratio of 3.34 and a beta of 0.68. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 2.32.
Pepsico (NYSE:PEP) last released its quarterly earnings results on Wednesday, October 4th. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.05. Pepsico had a net margin of 10.97% and a return on equity of 59.68%. The business had revenue of $16.24 billion for the quarter, compared to analysts’ expectations of $16.35 billion. During the same period last year, the business earned $1.40 EPS. The company’s revenue was up 1.3% compared to the same quarter last year. research analysts forecast that Pepsico, Inc. will post 5.22 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 8th. Stockholders of record on Friday, December 1st will be issued a $0.805 dividend. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Thursday, November 30th. Pepsico’s dividend payout ratio is currently 66.53%.
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Pepsico Company 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).
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