HS Management Partners LLC Raises Stake in PepsiCo, Inc. (NASDAQ:PEP)

HS Management Partners LLC boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 19.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,283,789 shares of the company’s stock after acquiring an additional 210,554 shares during the quarter. PepsiCo comprises about 5.4% of HS Management Partners LLC’s investment portfolio, making the stock its 3rd biggest holding. HS Management Partners LLC owned 0.09% of PepsiCo worth $181,592,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new position in PepsiCo in the 4th quarter worth about $2,066,514,000. Magellan Asset Management Ltd increased its stake in PepsiCo by 32.1% in the 4th quarter. Magellan Asset Management Ltd now owns 13,983,914 shares of the company’s stock worth $2,073,814,000 after purchasing an additional 3,396,536 shares in the last quarter. Flossbach Von Storch AG increased its stake in PepsiCo by 80.7% in the 1st quarter. Flossbach Von Storch AG now owns 7,031,307 shares of the company’s stock worth $994,578,000 after purchasing an additional 3,139,465 shares in the last quarter. Nuveen Asset Management LLC increased its stake in PepsiCo by 13.3% in the 4th quarter. Nuveen Asset Management LLC now owns 11,188,907 shares of the company’s stock worth $1,659,315,000 after purchasing an additional 1,312,672 shares in the last quarter. Finally, Morgan Stanley increased its stake in PepsiCo by 9.5% in the 4th quarter. Morgan Stanley now owns 12,927,926 shares of the company’s stock worth $1,917,210,000 after purchasing an additional 1,122,678 shares in the last quarter. Hedge funds and other institutional investors own 70.64% of the company’s stock.

PEP traded up $0.83 on Thursday, hitting $145.68. The company had a trading volume of 122,804 shares, compared to its average volume of 5,445,150. The stock’s fifty day simple moving average is $146.16. PepsiCo, Inc. has a 1-year low of $128.05 and a 1-year high of $149.27. The company has a debt-to-equity ratio of 2.77, a quick ratio of 0.73 and a current ratio of 0.93. The company has a market capitalization of $201.28 billion, a PE ratio of 26.82, a price-to-earnings-growth ratio of 3.06 and a beta of 0.60.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Wednesday, April 14th. The company reported $1.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.09. PepsiCo had a return on equity of 58.55% and a net margin of 10.51%. The firm had revenue of $14.82 billion during the quarter, compared to analyst estimates of $14.54 billion. During the same period in the previous year, the company earned $1.07 EPS. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. Analysts expect that PepsiCo, Inc. will post 6.05 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Friday, June 4th will be issued a dividend of $1.075 per share. The ex-dividend date of this dividend is Thursday, June 3rd. This is a positive change from PepsiCo’s previous quarterly dividend of $1.02. This represents a $4.30 dividend on an annualized basis and a dividend yield of 2.95%. PepsiCo’s payout ratio is 77.90%.

PEP has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on PepsiCo from $147.00 to $149.00 and gave the company a “hold” rating in a research note on Thursday. Credit Suisse Group lifted their target price on PepsiCo from $144.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, April 16th. Wolfe Research initiated coverage on PepsiCo in a research note on Monday, April 12th. They set a “peer perform” rating on the stock. Barclays raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $151.00 target price on the stock in a research note on Monday, March 22nd. Finally, Guggenheim reissued a “buy” rating on shares of PepsiCo in a research note on Thursday, April 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. PepsiCo currently has an average rating of “Hold” and an average target price of $149.38.

In other news, CEO Silviu Popovici sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, May 7th. The stock was sold at an average price of $145.40, for a total transaction of $2,908,000.00. Following the completion of the transaction, the chief executive officer now directly owns 75,886 shares in the company, valued at $11,033,824.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.14% of the stock is owned by insiders.

PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company 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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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