PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Lindsell Train Ltd

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Lindsell Train Ltd lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.8% during the second quarter, Holdings Channel reports. The firm owned 4,553,183 shares of the company’s stock after purchasing an additional 290,000 shares during the quarter. PepsiCo makes up approximately 10.1% of Lindsell Train Ltd’s portfolio, making the stock its 5th largest holding. Lindsell Train Ltd’s holdings in PepsiCo were worth $596,649,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in PEP. Oregon Public Employees Retirement Fund raised its position in shares of PepsiCo by 10,622.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 34,704,199 shares of the company’s stock worth $314,000 after purchasing an additional 34,380,553 shares during the period. BlackRock Inc. raised its position in shares of PepsiCo by 2.4% during the fourth quarter. BlackRock Inc. now owns 97,102,071 shares of the company’s stock worth $10,727,836,000 after purchasing an additional 2,275,511 shares during the period. Thoroughbred Financial Services LLC raised its position in shares of PepsiCo by 13,410.8% during the second quarter. Thoroughbred Financial Services LLC now owns 1,806,262 shares of the company’s stock worth $180,626,000 after purchasing an additional 1,792,893 shares during the period. California Public Employees Retirement System raised its position in shares of PepsiCo by 34.2% during the fourth quarter. California Public Employees Retirement System now owns 6,285,045 shares of the company’s stock worth $694,372,000 after purchasing an additional 1,600,360 shares during the period. Finally, Railway Pension Investments Ltd acquired a new stake in shares of PepsiCo during the second quarter worth $16,182,000. 71.26% of the stock is currently owned by institutional investors.

Several research analysts recently weighed in on the company. Goldman Sachs Group set a $132.00 price target on PepsiCo and gave the company a “neutral” rating in a research report on Wednesday, April 24th. SunTrust Banks reissued a “hold” rating and set a $125.00 price target on shares of PepsiCo in a research report on Wednesday, July 10th. ValuEngine lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research raised PepsiCo from a “hold” rating to a “buy” rating and set a $142.00 price target on the stock in a research report on Tuesday, April 23rd. Finally, Morgan Stanley boosted their target price on PepsiCo from $137.00 to $143.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $129.35.

In other news, CEO Kirk Tanner sold 9,573 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $128.15, for a total transaction of $1,226,779.95. Following the completion of the sale, the chief executive officer now owns 105,350 shares in the company, valued at approximately $13,500,602.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Steven C. Williams sold 2,420 shares of the company’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $133.95, for a total value of $324,159.00. Following the sale, the chief executive officer now owns 54,920 shares of the company’s stock, valued at approximately $7,356,534. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.

Shares of PEP traded up $1.04 during trading hours on Friday, hitting $131.76. 3,405,000 shares of the company were exchanged, compared to its average volume of 4,696,708. The company has a market cap of $182.77 billion, a PE ratio of 23.28, a PEG ratio of 3.39 and a beta of 0.60. The firm’s 50 day moving average is $130.78 and its 200-day moving average is $125.26. PepsiCo, Inc. has a 52 week low of $104.53 and a 52 week high of $135.24. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.66 and a current ratio of 0.86.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, July 9th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.05. The company had revenue of $16.45 billion during the quarter, compared to the consensus estimate of $16.44 billion. PepsiCo had a return on equity of 59.50% and a net margin of 19.59%. The firm’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.61 EPS. As a group, equities analysts forecast that PepsiCo, Inc. will post 5.51 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be paid a dividend of $0.955 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $3.82 annualized dividend and a dividend yield of 2.90%. PepsiCo’s dividend payout ratio (DPR) is presently 67.49%.

PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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