Jensen Investment Management Inc. Decreases Position in Pepsico, Inc. (PEP)

Jensen Investment Management Inc. lessened its stake in shares of Pepsico, Inc. (NYSE:PEP) by 3.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,689,912 shares of the company’s stock after selling 120,497 shares during the period. Pepsico makes up approximately 5.8% of Jensen Investment Management Inc.’s holdings, making the stock its 2nd largest holding. Jensen Investment Management Inc. owned approximately 0.26% of Pepsico worth $426,148,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. increased its stake in Pepsico by 3.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 7,781,835 shares of the company’s stock worth $898,725,000 after purchasing an additional 238,221 shares during the period. Fisher Asset Management LLC increased its stake in Pepsico by 5.0% in the second quarter. Fisher Asset Management LLC now owns 5,775,278 shares of the company’s stock worth $666,987,000 after purchasing an additional 277,607 shares during the period. APG Asset Management N.V. increased its stake in Pepsico by 0.9% in the second quarter. APG Asset Management N.V. now owns 5,110,832 shares of the company’s stock worth $590,250,000 after purchasing an additional 43,100 shares during the period. Pioneer Investment Management Inc. grew its position in shares of Pepsico by 2.1% during the 2nd quarter. Pioneer Investment Management Inc. now owns 4,506,679 shares of the company’s stock worth $520,476,000 after buying an additional 91,851 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Pepsico by 0.8% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,249,119 shares of the company’s stock worth $490,731,000 after buying an additional 32,452 shares in the last quarter. Institutional investors own 70.50% of the company’s stock.

In other news, insider Ramon Laguarta sold 21,449 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $110.51, for a total value of $2,370,328.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.26% of the company’s stock.

A number of research firms have recently issued reports on PEP. Zacks Investment Research raised Pepsico from a “hold” rating to a “buy” rating and set a $131.00 price target on the stock in a research report on Monday. BMO Capital Markets reissued a “hold” rating and set a $120.00 price target on shares of Pepsico in a research report on Wednesday, September 6th. Credit Suisse Group reissued a “hold” rating and set a $122.00 price target (down previously from $124.00) on shares of Pepsico in a research report on Thursday, October 5th. Royal Bank Of Canada reissued a “hold” rating on shares of Pepsico in a research report on Sunday, November 12th. Finally, Macquarie initiated coverage on Pepsico in a research report on Thursday, September 14th. They set an “outperform” rating and a $125.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $121.96.

Shares of Pepsico, Inc. (PEP) traded up $0.13 during midday trading on Wednesday, reaching $117.59. The company’s stock had a trading volume of 3,198,600 shares, compared to its average volume of 3,667,118. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.21 and a current ratio of 1.35. The firm has a market capitalization of $167,044.91, a P/E ratio of 22.94, a PEG ratio of 3.19 and a beta of 0.68. Pepsico, Inc. has a fifty-two week low of $100.81 and a fifty-two week high of $119.39.

Pepsico (NYSE:PEP) last issued its quarterly earnings results on Wednesday, October 4th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.05. The business had revenue of $16.24 billion during the quarter, compared to the consensus estimate of $16.35 billion. Pepsico had a return on equity of 59.68% and a net margin of 10.97%. The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the company earned $1.40 earnings per share. analysts expect that Pepsico, Inc. will post 5.22 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 8th. Stockholders of record on Friday, December 1st will be paid a $0.805 dividend. This represents a $3.22 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Thursday, November 30th. Pepsico’s payout ratio is 66.53%.

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Pepsico Company Profile

PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).

Institutional Ownership by Quarter for Pepsico (NYSE:PEP)

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