Teacher Retirement System of Texas Sells 30,734 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Teacher Retirement System of Texas lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 5.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 517,435 shares of the company’s stock after selling 30,734 shares during the period. Teacher Retirement System of Texas’ holdings in PepsiCo were worth $86,608,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Qube Research & Technologies Ltd raised its position in shares of PepsiCo by 544.7% during the fourth quarter. Qube Research & Technologies Ltd now owns 225,477 shares of the company’s stock worth $39,168,000 after purchasing an additional 190,503 shares during the period. Aurora Private Wealth Inc. acquired a new stake in PepsiCo in the 4th quarter valued at approximately $227,000. Oak Family Advisors LLC acquired a new stake in PepsiCo in the 4th quarter valued at approximately $238,000. Clarius Group LLC raised its position in PepsiCo by 2.3% in the 4th quarter. Clarius Group LLC now owns 14,118 shares of the company’s stock valued at $2,452,000 after buying an additional 323 shares during the last quarter. Finally, Sigma Planning Corp raised its position in PepsiCo by 3.5% in the 4th quarter. Sigma Planning Corp now owns 46,989 shares of the company’s stock valued at $8,162,000 after buying an additional 1,597 shares during the last quarter. Institutional investors own 72.12% of the company’s stock.

Insider Activity at PepsiCo

In related news, CEO Steven C. Williams sold 1,753 shares of the business’s stock in a transaction on Friday, July 15th. The stock was sold at an average price of $171.18, for a total value of $300,078.54. Following the completion of the sale, the chief executive officer now directly owns 70,892 shares in the company, valued at approximately $12,135,292.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Steven C. Williams sold 1,753 shares of the company’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 value of $300,078.54. Following the transaction, the chief executive officer now directly owns 70,892 shares in the company, valued at $12,135,292.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP David Flavell sold 5,150 shares of the company’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $175.11, for a total value of $901,816.50. Following the completion of the sale, the executive vice president now directly owns 28,275 shares of the company’s stock, valued at approximately $4,951,235.25. The disclosure for this sale can be found here. Insiders sold 14,896 shares of company stock worth $2,602,868 in the last ninety days. 0.12% of the stock is owned by company insiders.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $174.55 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. PepsiCo, Inc. has a 12 month low of $149.48 and a 12 month high of $177.69. The stock has a 50 day moving average of $167.65 and a 200-day moving average of $169.53. The company has a market capitalization of $240.86 billion, a P/E ratio of 26.29, a P/E/G ratio of 3.45 and a beta of 0.55.

PepsiCo (NASDAQ:PEPGet Rating) last released its quarterly earnings results on Tuesday, July 12th. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.13. The business had revenue of $20.23 billion during the quarter, compared to the consensus estimate of $19.51 billion. PepsiCo had a return on equity of 52.01% and a net margin of 11.28%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.72 EPS. As a group, equities research analysts predict that PepsiCo, Inc. will post 6.65 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 2nd will be paid a $1.15 dividend. The ex-dividend date is Thursday, September 1st. This represents a $4.60 annualized dividend and a yield of 2.64%. PepsiCo’s dividend payout ratio (DPR) is presently 69.28%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PEP. Deutsche Bank Aktiengesellschaft lifted their target price on PepsiCo from $175.00 to $178.00 and gave the company a “hold” rating in a research report on Thursday, July 7th. Citigroup boosted their price target on PepsiCo from $194.00 to $198.00 in a research report on Wednesday, April 27th. Credit Suisse Group boosted their price target on PepsiCo from $168.00 to $170.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 13th. Barclays lowered their price target on PepsiCo from $187.00 to $183.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 6th. Finally, JPMorgan Chase & Co. lowered their price target on PepsiCo from $186.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 6th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $182.00.

PepsiCo Profile

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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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