Pepsico, Inc. (NYSE:PEP).
Gateway Investment Advisers LLC sold 47,321 shares in quarter ending 06/30/2017 decreasing its exposure to Pepsico, Inc. by 4.9%. Its investment was worth $106,020,000 a decrease of 1.8% according to the filing.
The following firms have also recently changed their position in PEP. As of the end of the quarter Vontobel Asset Management Inc had bought 153,824 shares growing its stake by 39.3%. The value of the company’s investment in Pepsico, Inc. increased from $43,810,000 to $62,995,000 a change of $19,185,000 for the reporting period. Pennsylvania Trust Co augmented its investment by buying 42,776 shares an increase of 20.8% as of 06/30/2017. Pennsylvania Trust Co currently owns 248,834 shares valued at $28,738,000. The total value of its holdings increased 24.7%.
Narwhal Capital Management augmented its holdings by buying 4,540 shares an increase of 15.9% as of 06/30/2017. Narwhal Capital Management now controls 33,020 shares worth $3,813,000. The total value of its holdings increased 19.7%.
On June 7 the company was downgraded from “” to “Market Perform” and a price target of $120.00 was set in a statement from BMO Capital. October 3 investment analysts at Citigroup kept the stock rating at “Neutral” but raised the price target from $110.00 to $115.00.
On September 30 Jefferies made no change to the company rating of “Buy” and raised the price target to $122.00 from $109.00. On June 29 Goldman Sachs left the company rating at “Neutral” but lowered the price expectation to $104.00 from $105.00.
On April 19 JP Morgan held the stock rating at “Overweight” and raised the price expectation from $110.00 to $112.00. On April 19 Barclays made no change to the stock rating of “Overweight” but moved up the price target from $105.00 to $115.00.
The company is up by 0.77% since yesterday’s close of $113.74. The company recently announced a dividend for shareholders that was paid on Friday June 30th, 2017. The dividend was $0.805 per share for the quarter which comes to $3.22 on an annualized basis. This dividend represents a yield of $2.79. The ex-dividend date was set for Wednesday the 31st of May 2017.
Company chares are trading at $114.62 a bit lower than the 50 day moving average of $116.14 and a bit higher than the 200 day moving average of $110.39. The 50 day moving average went down by -1.46% whereas the 200 day average was up by +3.68%.
Pepsico, Inc. currently has a P/E ratio of 24.66 and the market cap of the company is 163.49B. In the last earnings report the EPS was $4.64 and is estimated to be $5.14 for the current year with 1,428,501,000 shares outstanding. Next quarter’s EPS is estimated at $1.31 with next year’s EPS projected to be $5.56.