Telemus Capital LLC Decreases Stake in Pepsico, Inc. (PEP)

Telemus Capital LLC reduced its stake in shares of Pepsico, Inc. (NYSE:PEP) by 14.2% during the first quarter, Holdings Channel reports. The fund owned 29,089 shares of the company’s stock after selling 4,795 shares during the period. Telemus Capital LLC’s holdings in Pepsico were worth $3,254,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of PEP. State Street Corp increased its position in Pepsico by 1.8% in the fourth quarter. State Street Corp now owns 63,651,479 shares of the company’s stock valued at $6,663,170,000 after buying an additional 1,115,697 shares during the last quarter. Franklin Resources Inc. increased its position in Pepsico by 2.2% in the fourth quarter. Franklin Resources Inc. now owns 15,671,152 shares of the company’s stock valued at $1,639,677,000 after buying an additional 340,666 shares during the last quarter. Norges Bank purchased a new position in Pepsico during the fourth quarter valued at approximately $1,492,411,000. Bank of Montreal Can increased its position in Pepsico by 16.6% in the first quarter. Bank of Montreal Can now owns 5,812,519 shares of the company’s stock valued at $650,189,000 after buying an additional 827,376 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Pepsico by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,519,928 shares of the company’s stock valued at $368,300,000 after buying an additional 123,376 shares during the last quarter. 71.25% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Pepsico (NYSE:PEP)

Shares of Pepsico, Inc. (PEP) opened at 116.86 on Friday. The firm has a market capitalization of $166.93 billion, a P/E ratio of 25.18 and a beta of 0.68. The company has a 50-day moving average price of $115.12 and a 200-day moving average price of $109.40. Pepsico, Inc. has a 12-month low of $98.50 and a 12-month high of $118.12.

Pepsico (NYSE:PEP) last posted its quarterly earnings results on Wednesday, April 26th. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.03. The business had revenue of $12.05 billion during the quarter, compared to the consensus estimate of $11.98 billion. Pepsico had a net margin of 10.66% and a return on equity of 58.42%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.89 earnings per share. Equities analysts predict that Pepsico, Inc. will post $5.15 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 2nd will be paid a dividend of $0.805 per share. This represents a $3.22 annualized dividend and a dividend yield of 2.76%. This is an increase from Pepsico’s previous quarterly dividend of $0.75. The ex-dividend date is Wednesday, May 31st. Pepsico’s dividend payout ratio is 69.40%.

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PEP has been the topic of a number of analyst reports. Royal Bank Of Canada reissued a “hold” rating and set a $115.00 price target on shares of Pepsico in a research report on Thursday, March 23rd. Jefferies Group LLC reissued a “buy” rating and set a $127.00 price target on shares of Pepsico in a research report on Friday, May 19th. Credit Suisse Group increased their price target on Pepsico from $115.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, March 23rd. Vetr downgraded Pepsico from a “hold” rating to a “sell” rating and set a $105.00 price target on the stock. in a research report on Tuesday, February 21st. Finally, BMO Capital Markets reissued a “buy” rating and set a $115.00 price target on shares of Pepsico in a research report on Wednesday, March 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $120.66.

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).

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