FUKOKU MUTUAL LIFE INSURANCE Co Sells 500 Shares of PepsiCo, Inc. (NASDAQ:PEP)

FUKOKU MUTUAL LIFE INSURANCE Co lowered its position in PepsiCo, Inc. (NASDAQ:PEP) by 8.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,300 shares of the company’s stock after selling 500 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in PepsiCo were worth $695,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Nwam LLC raised its holdings in PepsiCo by 27.9% in the 4th quarter. Nwam LLC now owns 10,535 shares of the company’s stock valued at $1,164,000 after acquiring an additional 2,301 shares in the last quarter. Regentatlantic Capital LLC raised its holdings in PepsiCo by 1.9% in the 4th quarter. Regentatlantic Capital LLC now owns 13,911 shares of the company’s stock valued at $1,537,000 after acquiring an additional 262 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in PepsiCo by 9.6% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 411,427 shares of the company’s stock valued at $45,454,000 after acquiring an additional 36,200 shares in the last quarter. Pictet & Cie Europe SA raised its holdings in shares of PepsiCo by 5.4% during the 4th quarter. Pictet & Cie Europe SA now owns 168,909 shares of the company’s stock worth $18,661,000 after buying an additional 8,626 shares in the last quarter. Finally, HGK Asset Management Inc. raised its holdings in shares of PepsiCo by 8.8% during the 4th quarter. HGK Asset Management Inc. now owns 11,494 shares of the company’s stock worth $1,270,000 after buying an additional 934 shares in the last quarter. 71.26% of the stock is owned by institutional investors.

In related news, CEO Kirk Tanner sold 9,573 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now owns 105,350 shares in the company, valued at approximately $13,500,602.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Steven C. Williams sold 2,420 shares of the company’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $133.95, for a total value of $324,159.00. Following the completion of the sale, the chief executive officer now owns 54,920 shares in the company, valued at approximately $7,356,534. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.



A number of research firms have recently commented on PEP. Deutsche Bank boosted their price target on PepsiCo from $120.00 to $131.00 and gave the stock a “hold” rating in a report on Thursday, April 18th. BidaskClub raised PepsiCo from a “hold” rating to a “buy” rating in a report on Thursday, August 8th. Cowen boosted their price target on PepsiCo from $142.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, July 10th. Jefferies Financial Group boosted their price target on PepsiCo from $123.00 to $134.00 and gave the stock a “hold” rating in a report on Wednesday, July 10th. Finally, Bank of America boosted their price target on PepsiCo from $135.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the stock. PepsiCo presently has an average rating of “Hold” and an average price target of $129.35.

Shares of PEP stock opened at $129.12 on Thursday. The company has a market cap of $179.46 billion, a price-to-earnings ratio of 22.81, a P/E/G ratio of 3.33 and a beta of 0.60. PepsiCo, Inc. has a twelve month low of $104.53 and a twelve month high of $135.24. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.86 and a quick ratio of 0.66. The stock’s fifty day moving average price is $130.83.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, July 9th. The company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.05. The business had revenue of $16.45 billion for the quarter, compared to analyst estimates of $16.44 billion. PepsiCo had a return on equity of 59.50% and a net margin of 19.59%. PepsiCo’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.61 EPS. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 5.51 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be given a dividend of $0.955 per share. The ex-dividend date is Thursday, September 5th. This represents a $3.82 dividend on an annualized basis and a yield of 2.96%. PepsiCo’s dividend payout ratio is currently 67.49%.

PepsiCo 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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