PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by CHURCHILL MANAGEMENT Corp

CHURCHILL MANAGEMENT Corp boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP – Get Rating) by 11.1% during the fourth quarter, HoldingsChannel reports. The fund owned 63,579 shares of the company’s stock after buying an additional 6,363 shares during the period. CHURCHILL MANAGEMENT Corp’s holdings in PepsiCo were worth $11,486,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in PepsiCo by 1.3% during the third quarter. Vanguard Group Inc. now owns 128,842,451 shares of the company’s stock worth $21,034,819,000 after purchasing an additional 1,611,639 shares in the last quarter. State Street Corp lifted its stake in PepsiCo by 0.7% during the third quarter. State Street Corp now owns 59,634,823 shares of the company’s stock worth $9,735,981,000 after purchasing an additional 423,426 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in PepsiCo by 10.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 15,264,902 shares of the company’s stock worth $2,555,040,000 after purchasing an additional 1,427,405 shares in the last quarter. Legal & General Group Plc lifted its stake in PepsiCo by 3.6% during the second quarter. Legal & General Group Plc now owns 10,875,847 shares of the company’s stock worth $1,812,570,000 after purchasing an additional 374,472 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in PepsiCo by 8.1% during the third quarter. Nuveen Asset Management LLC now owns 10,848,950 shares of the company’s stock worth $1,771,200,000 after purchasing an additional 816,417 shares in the last quarter. 70.76% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Performance

Shares of PEP stock opened at $175.13 on Friday. The stock’s 50-day moving average is $173.66 and its two-hundred day moving average is $175.78. The firm has a market cap of $241.20 billion, a price-to-earnings ratio of 27.32, a PEG ratio of 3.15 and a beta of 0.53. PepsiCo, Inc. has a 1 year low of $154.86 and a 1 year high of $186.84. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.61 and a current ratio of 0.80.

PepsiCo (NASDAQ:PEP – Get Rating) last issued its quarterly earnings data on Thursday, February 9th. The company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.03. PepsiCo had a return on equity of 51.34% and a net margin of 10.31%. The company had revenue of $28 billion for the quarter, compared to analyst estimates of $26.82 billion. During the same quarter last year, the company posted $1.53 earnings per share. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. Analysts predict that PepsiCo, Inc. will post 7.23 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 3rd will be paid a dividend of $1.15 per share. The ex-dividend date is Thursday, March 2nd. This represents a $4.60 annualized dividend and a dividend yield of 2.63%. PepsiCo’s dividend payout ratio (DPR) is 71.76%.

Insider Transactions at PepsiCo

In other news, CEO Ramkumar Krishnan sold 16,827 shares of the stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $172.70, for a total transaction of $2,906,022.90. Following the completion of the sale, the chief executive officer now owns 49,000 shares in the company, valued at $8,462,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Ramkumar Krishnan sold 16,827 shares of the firm’s stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $172.70, for a total value of $2,906,022.90. Following the completion of the sale, the chief executive officer now owns 49,000 shares in the company, valued at $8,462,300. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert C. Pohlad sold 75,000 shares of the firm’s stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $172.47, for a total transaction of $12,935,250.00. Following the completion of the sale, the director now owns 183,929 shares of the company’s stock, valued at approximately $31,722,234.63. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on PEP. Citigroup initiated coverage on PepsiCo in a research note on Thursday, February 16th. They set a “neutral” rating and a $180.00 price target on the stock. Morgan Stanley increased their price objective on PepsiCo from $198.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, February 10th. Credit Suisse Group increased their price objective on PepsiCo from $175.00 to $182.00 and gave the company a “neutral” rating in a research note on Friday, February 10th. Deutsche Bank Aktiengesellschaft increased their price objective on PepsiCo from $181.00 to $186.00 and gave the company a “hold” rating in a research note on Tuesday, December 6th. Finally, Barclays reduced their price objective on PepsiCo from $197.00 to $187.00 and set an “overweight” rating on the stock in a research note on Monday, February 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $184.08.

PepsiCo Company Profile

(Get Rating)

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of beverages, food, and snacks. It operates through the following business segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), PepsiCo Beverages North America (PBNA), Latin America (LatAm), Europe, Africa, Middle East, and South Asia (AMESA), and Asia Pacific, Australia and New Zealand, and China Region (APAC).