Healthcare of Ontario Pension Plan Trust Fund Sells 99,925 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Healthcare of Ontario Pension Plan Trust Fund decreased its holdings in PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 86.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,407 shares of the company’s stock after selling 99,925 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in PepsiCo were worth $2,568,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in PEP. Royal Bank of Canada raised its position in PepsiCo by 56.6% in the 1st quarter. Royal Bank of Canada now owns 14,810,738 shares of the company’s stock worth $2,479,022,000 after purchasing an additional 5,352,721 shares during the period. Vanguard Group Inc. raised its position in PepsiCo by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 124,592,570 shares of the company’s stock worth $20,854,304,000 after purchasing an additional 1,991,968 shares during the period. Charles Schwab Investment Management Inc. raised its position in PepsiCo by 10.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 15,264,902 shares of the company’s stock worth $2,555,040,000 after purchasing an additional 1,427,405 shares during the period. Bridgewater Associates LP raised its position in PepsiCo by 36.7% in the 1st quarter. Bridgewater Associates LP now owns 4,171,268 shares of the company’s stock worth $698,187,000 after purchasing an additional 1,119,392 shares during the period. Finally, Verity Asset Management Inc. raised its position in PepsiCo by 24,735.4% in the 1st quarter. Verity Asset Management Inc. now owns 1,120,823 shares of the company’s stock worth $371,000 after purchasing an additional 1,116,310 shares during the period. Institutional investors own 71.38% of the company’s stock.

Insider Buying and Selling at PepsiCo

In other PepsiCo news, CEO Ramon Laguarta sold 5,900 shares of the firm’s stock in a transaction that occurred on Friday, October 21st. The shares were sold at an average price of $173.09, for a total value of $1,021,231.00. Following the completion of the sale, the chief executive officer now directly owns 310,757 shares in the company, valued at $53,788,929.13. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Ramon Laguarta sold 5,900 shares of PepsiCo stock in a transaction on Friday, October 21st. The shares were sold at an average price of $173.09, for a total transaction of $1,021,231.00. Following the completion of the sale, the chief executive officer now directly owns 310,757 shares in the company, valued at $53,788,929.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Paula Santilli sold 2,787 shares of PepsiCo stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $179.63, for a total transaction of $500,628.81. Following the sale, the chief executive officer now owns 59,997 shares of the company’s stock, valued at $10,777,261.11. The disclosure for this sale can be found here. Insiders sold a total of 37,639 shares of company stock worth $6,633,617 over the last three months. Corporate insiders own 0.12% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP stock opened at $184.84 on Wednesday. The firm has a market cap of $254.66 billion, a price-to-earnings ratio of 26.44, a PEG ratio of 3.61 and a beta of 0.58. The company’s 50 day moving average is $175.50 and its 200 day moving average is $171.75. The company has a quick ratio of 0.72, a current ratio of 0.92 and a debt-to-equity ratio of 1.89. PepsiCo, Inc. has a 52-week low of $153.37 and a 52-week high of $186.62.

PepsiCo (NASDAQ:PEPGet Rating) last announced its earnings results on Wednesday, October 12th. The company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.12. The company had revenue of $21.97 billion during the quarter, compared to the consensus estimate of $20.82 billion. PepsiCo had a net margin of 11.61% and a return on equity of 51.13%. PepsiCo’s revenue was up 8.8% compared to the same quarter last year. During the same period last year, the firm earned $1.79 earnings per share. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 6.76 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 6th. Shareholders of record on Friday, December 2nd will be paid a $1.15 dividend. The ex-dividend date is Thursday, December 1st. This represents a $4.60 annualized dividend and a yield of 2.49%. PepsiCo’s dividend payout ratio (DPR) is 65.81%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PEP. Wedbush increased their price objective on shares of PepsiCo from $185.00 to $190.00 in a research report on Thursday, October 13th. Wells Fargo & Company raised their target price on shares of PepsiCo from $172.00 to $174.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 13th. StockNews.com raised shares of PepsiCo from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 20th. Deutsche Bank Aktiengesellschaft raised their target price on shares of PepsiCo from $179.00 to $181.00 and gave the stock a “hold” rating in a research report on Tuesday, September 27th. Finally, Royal Bank of Canada raised their target price on shares of PepsiCo from $165.00 to $170.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, PepsiCo presently has an average rating of “Moderate Buy” and an average target price of $181.07.

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.

See Also

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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