Janus Henderson Group PLC decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 4.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 326,452 shares of the company’s stock after selling 15,372 shares during the quarter. Janus Henderson Group PLC’s holdings in PepsiCo were worth $57,135,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of the business. Strategy Asset Managers LLC increased its stake in shares of PepsiCo by 0.9% during the 1st quarter. Strategy Asset Managers LLC now owns 6,632 shares of the company’s stock worth $1,161,000 after purchasing an additional 57 shares during the last quarter. SYM FINANCIAL Corp increased its stake in shares of PepsiCo by 2.7% during the 4th quarter. SYM FINANCIAL Corp now owns 2,290 shares of the company’s stock worth $389,000 after purchasing an additional 61 shares during the last quarter. Clearwater Capital Advisors LLC grew its stake in PepsiCo by 2.3% in the 4th quarter. Clearwater Capital Advisors LLC now owns 2,758 shares of the company’s stock valued at $468,000 after buying an additional 61 shares during the last quarter. Security Financial Services INC. raised its holdings in PepsiCo by 1.6% in the 1st quarter. Security Financial Services INC. now owns 3,943 shares of the company’s stock valued at $690,000 after acquiring an additional 61 shares during the period. Finally, Arbor Investment Advisors LLC raised its holdings in PepsiCo by 3.6% in the 1st quarter. Arbor Investment Advisors LLC now owns 1,779 shares of the company’s stock valued at $311,000 after acquiring an additional 61 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.
Insider Transactions at PepsiCo
In other news, CEO Ramkumar Krishnan sold 5,620 shares of PepsiCo stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the transaction, the chief executive officer now owns 53,953 shares in the company, valued at $9,603,634. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.15% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on PepsiCo
PepsiCo Price Performance
PepsiCo stock traded down $0.03 during mid-day trading on Tuesday, reaching $173.18. The company had a trading volume of 4,985,381 shares, compared to its average volume of 5,514,207. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $189.97. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.87. The company has a market cap of $237.87 billion, a P/E ratio of 24.97, a P/E/G ratio of 2.99 and a beta of 0.52. The business has a fifty day simple moving average of $168.58 and a 200 day simple moving average of $169.94.
PepsiCo (NASDAQ:PEP – Get Free Report) last issued its earnings results on Thursday, July 11th. The company reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.12. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The firm had revenue of $22.50 billion for the quarter, compared to analyst estimates of $22.59 billion. During the same quarter last year, the business posted $2.09 earnings per share. The company’s quarterly revenue was up .8% on a year-over-year basis. On average, equities research analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current year.
PepsiCo Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be issued a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.13%. PepsiCo’s dividend payout ratio (DPR) is presently 78.66%.
PepsiCo Profile
PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.
Further Reading
- Five stocks we like better than PepsiCo
- Stock Ratings and Recommendations: Understanding Analyst Ratings
- AbbVie Analysts Lead the Stock Higher as Humira Worries Recede
- What Are Trending Stocks? Trending Stocks Explained
- Harley-Davidson Stock Revs Up With Billion Dollar Buyback Program
- Compound Interest and Why It Matters When Investing
- Cruise Line Stock Sinks Despite Beating EPS and Raised Guidance
Receive News & Ratings for PepsiCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo and related companies with MarketBeat.com's FREE daily email newsletter.