CHURCHILL MANAGEMENT Corp Buys 6,363 Shares of PepsiCo, Inc. (NASDAQ:PEP)

CHURCHILL MANAGEMENT Corp boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP – Get Rating) by 11.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,579 shares of the company’s stock after acquiring 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 reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of PepsiCo by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 128,842,451 shares of the company’s stock valued at $21,034,819,000 after purchasing an additional 1,611,639 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of PepsiCo by 423.2% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,791,643 shares of the company’s stock valued at $292,504,000 after purchasing an additional 1,449,232 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of PepsiCo by 10.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 15,264,902 shares of the company’s stock valued at $2,555,040,000 after purchasing an additional 1,427,405 shares in the last quarter. Cowa LLC boosted its holdings in shares of PepsiCo by 9,434.6% in the 1st quarter. Cowa LLC now owns 925,141 shares of the company’s stock valued at $1,061,000 after purchasing an additional 915,438 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of PepsiCo by 10.0% in the 2nd quarter. FMR LLC now owns 9,947,607 shares of the company’s stock valued at $1,657,869,000 after purchasing an additional 902,261 shares in the last quarter. Institutional investors own 70.76% of the company’s stock.

Insider Transactions at PepsiCo

In related news, Director Robert C. Pohlad sold 75,000 shares of the business’s stock in a transaction dated Thursday, March 9th. The stock was sold at an average price of $172.47, for a total value of $12,935,250.00. Following the completion of the sale, the director now directly owns 183,929 shares of the company’s stock, valued at approximately $31,722,234.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Robert C. Pohlad sold 75,000 shares of the business’s stock in a transaction dated Thursday, March 9th. The stock was sold at an average price of $172.47, for a total value of $12,935,250.00. Following the completion of the sale, the director now directly owns 183,929 shares of the company’s stock, valued at approximately $31,722,234.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ramkumar Krishnan sold 16,827 shares of the business’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 directly owns 49,000 shares of the company’s stock, valued at $8,462,300. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PEP. Argus raised their target price on PepsiCo from $195.00 to $206.00 in a report on Wednesday, December 7th. Credit Suisse Group raised their price objective on PepsiCo from $175.00 to $182.00 and gave the company a “neutral” rating in a report on Friday, February 10th. Morgan Stanley raised their price objective on PepsiCo from $198.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, February 10th. Citigroup started coverage on PepsiCo in a report on Thursday, February 16th. They set a “neutral” rating and a $180.00 price objective on the stock. Finally, Wells Fargo & Company raised their price objective on PepsiCo from $187.00 to $190.00 and gave the company an “equal weight” rating in a report on Wednesday, February 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of “Moderate Buy” and a consensus price target of $184.08.

PepsiCo Stock Down 0.8 %

Shares of PEP opened at $175.13 on Friday. The company has a market capitalization of $241.20 billion, a PE ratio of 27.32, a PEG ratio of 3.15 and a beta of 0.53. PepsiCo, Inc. has a 12 month low of $154.86 and a 12 month high of $186.84. The stock’s 50-day moving average price is $173.66 and its two-hundred day moving average price is $175.78. The company has a current ratio of 0.80, a quick ratio of 0.61 and a debt-to-equity ratio of 2.06.

PepsiCo (NASDAQ:PEP – Get Rating) last posted its quarterly earnings data on Thursday, February 9th. The company reported $1.67 earnings per share 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 firm had revenue of $28 billion during the quarter, compared to analyst estimates of $26.82 billion. During the same period last year, the company posted $1.53 EPS. The business’s quarterly revenue was up 10.9% on a year-over-year basis. On average, analysts anticipate that PepsiCo, Inc. will post 7.23 EPS for the current year.

PepsiCo Dividend Announcement

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

PepsiCo Profile

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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).