Pepsico, Inc. (PEP) Shares Sold by Page Arthur B

Page Arthur B reduced its stake in shares of Pepsico, Inc. (NYSE:PEP) by 2.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,260 shares of the company’s stock after selling 475 shares during the period. Pepsico makes up 2.0% of Page Arthur B’s holdings, making the stock its 21st largest position. Page Arthur B’s holdings in Pepsico were worth $1,986,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of PEP. Piershale Financial Group Inc. increased its position in Pepsico by 0.4% in the third quarter. Piershale Financial Group Inc. now owns 1,009 shares of the company’s stock valued at $110,000 after buying an additional 4 shares during the period. Global X Management Co. LLC increased its position in Pepsico by 92.1% in the second quarter. Global X Management Co. LLC now owns 1,101 shares of the company’s stock valued at $117,000 after buying an additional 528 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in Pepsico by 0.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,320 shares of the company’s stock valued at $139,000 after buying an additional 4 shares during the period. Peddock Capital Advisors LLC acquired a new position in Pepsico during the third quarter valued at $152,000. Finally, Gemmer Asset Management LLC increased its position in Pepsico by 3.6% in the second quarter. Gemmer Asset Management LLC now owns 1,538 shares of the company’s stock valued at $163,000 after buying an additional 54 shares during the period. 70.27% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Pepsico (NYSE:PEP)

Pepsico, Inc. (NYSE:PEP) opened at 106.10 on Friday. Pepsico, Inc. has a 12 month low of $97.54 and a 12 month high of $110.94. The firm has a market cap of $152.17 billion, a price-to-earnings ratio of 23.28 and a beta of 0.53. The stock has a 50 day moving average price of $104.03 and a 200 day moving average price of $105.51.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 3rd will be given a $0.7525 dividend. The ex-dividend date of this dividend is Wednesday, March 1st. This represents a $3.01 dividend on an annualized basis and a dividend yield of 2.84%. Pepsico’s dividend payout ratio is currently 66.01%.

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PEP has been the topic of several recent analyst reports. Zacks Investment Research upgraded Pepsico from a “hold” rating to a “buy” rating and set a $116.00 target price on the stock in a research report on Monday, November 14th. Vetr downgraded Pepsico from a “buy” rating to a “hold” rating and set a $106.67 target price on the stock. in a research report on Wednesday, January 18th. Societe Generale upgraded Pepsico from a “hold” rating to a “buy” rating in a research report on Monday, December 12th. Susquehanna Bancshares Inc reiterated a “hold” rating and set a $120.00 target price on shares of Pepsico in a research report on Monday, January 9th. Finally, Barclays PLC initiated coverage on Pepsico in a research report on Monday, January 9th. They set an “equal weight” rating and a $102.00 target price on the stock. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $113.43.

Pepsico Company Profile

PepsiCo, Inc is a food and beverage company. The Company, through its operations, bottlers, contract manufacturers and other third parties, is engaged in making, marketing, distributing and selling a range of beverages, foods and snacks, serving in over 200 countries and territories. The Company operates through six segments, namely, Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); North America Beverages (NAB); Latin America, which includes its beverage, food and snack businesses in Latin America; Europe Sub-Saharan Africa (ESSA), which includes its beverage, food and snack businesses in Europe and Sub-Saharan Africa, and Asia, Middle East and North Africa (AMENA), which includes its beverage, food and snack businesses in Asia, Middle East and North Africa.

5 Day Chart for NYSE:PEP

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