Woodley Farra Manion Portfolio Management Inc. Increases Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Woodley Farra Manion Portfolio Management Inc. raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 262,854 shares of the company’s stock after purchasing an additional 6,315 shares during the period. PepsiCo accounts for approximately 3.5% of Woodley Farra Manion Portfolio Management Inc.’s investment portfolio, making the stock its 14th biggest holding. Woodley Farra Manion Portfolio Management Inc.’s holdings in PepsiCo were worth $29,040,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund boosted its holdings in PepsiCo by 10,622.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 34,704,199 shares of the company’s stock valued at $314,000 after purchasing an additional 34,380,553 shares during the last quarter. Matthew Goff Investment Advisor LLC boosted its holdings in PepsiCo by 10,787.1% in the third quarter. Matthew Goff Investment Advisor LLC now owns 4,492,767 shares of the company’s stock valued at $41,267,000 after purchasing an additional 4,451,500 shares during the last quarter. BlackRock Inc. boosted its holdings in PepsiCo by 2.4% in the fourth quarter. BlackRock Inc. now owns 97,102,071 shares of the company’s stock valued at $10,727,836,000 after purchasing an additional 2,275,511 shares during the last quarter. California Public Employees Retirement System boosted its holdings in PepsiCo by 34.2% in the fourth quarter. California Public Employees Retirement System now owns 6,285,045 shares of the company’s stock valued at $694,372,000 after purchasing an additional 1,600,360 shares during the last quarter. Finally, Vanguard Group Inc boosted its holdings in PepsiCo by 1.4% in the third quarter. Vanguard Group Inc now owns 119,706,640 shares of the company’s stock valued at $13,383,201,000 after purchasing an additional 1,595,038 shares during the last quarter. 70.83% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have commented on PEP shares. BidaskClub raised shares of PepsiCo from a “buy” rating to a “strong-buy” rating in a report on Friday, June 7th. Macquarie increased their target price on shares of PepsiCo from $126.00 to $138.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. Royal Bank of Canada reissued a “neutral” rating and set a $115.00 target price on shares of PepsiCo in a research note on Thursday, April 18th. SunTrust Banks increased their target price on shares of PepsiCo to $120.00 and gave the stock a “hold” rating in a research note on Thursday, April 18th. Finally, Deutsche Bank increased their target price on shares of PepsiCo from $120.00 to $131.00 and gave the stock a “hold” rating in a research note on Thursday, April 18th. One analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the stock. PepsiCo currently has an average rating of “Buy” and a consensus target price of $124.65.

In other PepsiCo news, SVP Marie T. Gallagher sold 7,800 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $125.99, for a total value of $982,722.00. Following the completion of the transaction, the senior vice president now owns 55,665 shares of the company’s stock, valued at approximately $7,013,233.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David Yawman sold 25,263 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $126.42, for a total transaction of $3,193,748.46. Following the completion of the transaction, the executive vice president now directly owns 80,934 shares of the company’s stock, valued at approximately $10,231,676.28. The disclosure for this sale can be found here. Insiders sold a total of 48,494 shares of company stock valued at $6,173,705 in the last three months. 0.28% of the stock is currently owned by corporate insiders.

Shares of NASDAQ PEP traded up $0.74 during midday trading on Monday, reaching $131.87. 2,960,668 shares of the stock were exchanged, compared to its average volume of 4,839,583. The firm has a 50 day moving average of $131.12. The stock has a market cap of $184.86 billion, a PE ratio of 23.30, a P/E/G ratio of 3.41 and a beta of 0.60. The company has a quick ratio of 0.75, a current ratio of 0.94 and a debt-to-equity ratio of 1.99. PepsiCo, Inc. has a twelve month low of $104.53 and a twelve month high of $135.24.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Wednesday, April 17th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.05. The business had revenue of $12.88 billion during the quarter, compared to the consensus estimate of $12.68 billion. PepsiCo had a net margin of 19.37% and a return on equity of 65.12%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.96 EPS. On average, research analysts predict that PepsiCo, Inc. will post 5.51 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were given a $0.955 dividend. This represents a $3.82 annualized dividend and a yield of 2.90%. The ex-dividend date was Thursday, June 6th. This is a boost from PepsiCo’s previous quarterly dividend of $0.93. PepsiCo’s dividend payout ratio (DPR) is currently 67.49%.

About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

Further Reading: What is a put option?

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

Receive News & Ratings for PepsiCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo and related companies with MarketBeat.com's FREE daily email newsletter.