Gateway Investment Advisers LLC Has $87.87 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Gateway Investment Advisers LLC grew its holdings in PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 14.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 527,226 shares of the company’s stock after acquiring an additional 67,251 shares during the period. PepsiCo accounts for approximately 1.0% of Gateway Investment Advisers LLC’s holdings, making the stock its 20th largest position. Gateway Investment Advisers LLC’s holdings in PepsiCo were worth $87,868,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Cypress Wealth Services LLC lifted its holdings in PepsiCo by 2.3% in the 1st quarter. Cypress Wealth Services LLC now owns 2,544 shares of the company’s stock worth $426,000 after purchasing an additional 58 shares during the last quarter. Retirement Planning Co of New England Inc. grew its stake in PepsiCo by 0.9% in the 1st quarter. Retirement Planning Co of New England Inc. now owns 6,605 shares of the company’s stock valued at $1,105,000 after buying an additional 59 shares during the last quarter. Cullen Capital Management LLC raised its holdings in PepsiCo by 0.7% in the 1st quarter. Cullen Capital Management LLC now owns 8,765 shares of the company’s stock worth $1,467,000 after acquiring an additional 60 shares during the period. Guardian Wealth Advisors LLC lifted its position in PepsiCo by 1.5% during the 1st quarter. Guardian Wealth Advisors LLC now owns 4,084 shares of the company’s stock worth $684,000 after acquiring an additional 61 shares during the last quarter. Finally, Titleist Asset Management LTD. boosted its holdings in PepsiCo by 2.9% during the first quarter. Titleist Asset Management LTD. now owns 2,183 shares of the company’s stock valued at $365,000 after acquiring an additional 62 shares during the period. Institutional investors and hedge funds own 71.38% of the company’s stock.

Wall Street Analyst Weigh In

PEP has been the subject of several research analyst reports. UBS Group cut their price objective on PepsiCo from $190.00 to $182.00 and set a “buy” rating for the company in a research report on Tuesday, June 21st. Barclays reduced their price objective on PepsiCo from $187.00 to $183.00 and set an “overweight” rating for the company in a research report on Wednesday, July 6th. Wells Fargo & Company dropped their target price on shares of PepsiCo from $175.00 to $172.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 21st. JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $186.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, July 6th. Finally, Credit Suisse Group upped their price objective on shares of PepsiCo from $168.00 to $170.00 and gave the company a “neutral” rating in a research report on Wednesday, July 13th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $182.00.

PepsiCo Trading Up 0.1 %

Shares of PEP opened at $168.60 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.78. The stock has a market cap of $232.65 billion, a PE ratio of 25.39, a PEG ratio of 3.30 and a beta of 0.55. PepsiCo, Inc. has a 1 year low of $149.48 and a 1 year high of $181.07. The stock has a 50 day simple moving average of $173.32 and a 200-day simple moving average of $170.45.

PepsiCo (NASDAQ:PEPGet Rating) last issued its quarterly earnings data on Tuesday, July 12th. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.13. PepsiCo had a return on equity of 52.01% and a net margin of 11.28%. The company had revenue of $20.23 billion during the quarter, compared to analysts’ expectations of $19.51 billion. During the same period last year, the business earned $1.72 earnings per share. The business’s revenue was up 5.2% on a year-over-year basis. On average, sell-side analysts predict that PepsiCo, Inc. will post 6.66 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 2nd will be given a dividend of $1.15 per share. The ex-dividend date is Thursday, September 1st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.73%. PepsiCo’s payout ratio is 69.28%.

Insider Activity

In other PepsiCo news, CEO Steven C. Williams sold 1,753 shares of the firm’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $171.18, for a total transaction of $300,078.54. Following the transaction, the chief executive officer now owns 70,892 shares in the company, valued at $12,135,292.56. The sale was disclosed in a document filed with the SEC, which is available through this link. In other PepsiCo news, CEO Steven C. Williams sold 1,753 shares of the firm’s stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $171.18, for a total transaction of $300,078.54. Following the sale, the chief executive officer now directly owns 70,892 shares in the company, valued at approximately $12,135,292.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ramkumar Krishnan sold 3,433 shares of the company’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $174.83, for a total value of $600,191.39. Following the transaction, the chief executive officer now directly owns 50,577 shares of the company’s stock, valued at $8,842,376.91. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by insiders.

About PepsiCo

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PepsiCo, Inc manufactures, markets, distributes, and sells various beverages and convenient foods 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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