Today, Robshaw & Julian Associates Inc. reaches $3,976,000 position of PepsiCo Inc. (PEP)

Today, Robshaw & Julian Associates Inc. reaches $3,976,000 position  of PepsiCo Inc. (PEP)

Robshaw & Julian Associates Inc. decreased its stake in PepsiCo Inc. (NYSE:PEP) by 3.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 37,526 shares of the company’s stock after selling 1,300 shares during the period. PepsiCo makes up approximately 3.0% of Robshaw & Julian Associates Inc.’s portfolio, making the stock its 16th largest position. Robshaw & Julian Associates Inc.’s holdings in PepsiCo were worth $3,976,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of PEP. BlackRock Fund Advisors raised its position in shares of PepsiCo by 2.8% in the first quarter. BlackRock Fund Advisors now owns 20,058,028 shares of the company’s stock worth $2,055,547,000 after buying an additional 543,183 shares during the last quarter. Credit Agricole S A raised its position in shares of PepsiCo by 3.9% in the first quarter. Credit Agricole S A now owns 2,119,767 shares of the company’s stock worth $217,235,000 after buying an additional 80,183 shares during the last quarter. AMP Capital Investors Ltd raised its position in shares of PepsiCo by 7.9% in the first quarter. AMP Capital Investors Ltd now owns 956,160 shares of the company’s stock worth $98,191,000 after buying an additional 70,410 shares during the last quarter. BlackRock Japan Co. Ltd raised its position in shares of PepsiCo by 4.3% in the first quarter. BlackRock Japan Co. Ltd now owns 1,912,976 shares of the company’s stock worth $196,042,000 after buying an additional 78,848 shares during the last quarter. Finally, Svenska Handelsbanken AB publ raised its position in shares of PepsiCo by 5,341.9% in the second quarter. Svenska Handelsbanken AB publ now owns 815,737 shares of the company’s stock worth $86,419,000 after buying an additional 800,747 shares during the last quarter. 69.81% of the stock is currently owned by hedge funds and other institutional investors.

Shares of PepsiCo Inc. (NYSE:PEP) traded up 0.36% during mid-day trading on Thursday, reaching $106.39. 2,593,030 shares of the company’s stock were exchanged. The company has a market cap of $152.58 billion, a PE ratio of 23.34 and a beta of 0.46. PepsiCo Inc. has a 52-week low of $93.25 and a 52-week high of $110.94. The company’s 50-day moving average price is $107.08 and its 200 day moving average price is $105.28.

PepsiCo (NYSE:PEP) last issued its quarterly earnings results on Thursday, September 29th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.08. The firm had revenue of $16 billion for the quarter. PepsiCo had a net margin of 10.74% and a return on equity of 56.16%. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.35 EPS. On average, equities research analysts predict that PepsiCo Inc. will post $4.79 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 2nd were given a dividend of $0.7525 per share. The ex-dividend date was Wednesday, August 31st. This represents a $3.01 dividend on an annualized basis and a dividend yield of 2.84%. PepsiCo’s payout ratio is presently 66.01%.

PEP has been the topic of a number of research reports. Deutsche Bank AG upped their target price on shares of PepsiCo from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, July 8th. Jefferies Group reiterated a “buy” rating and set a $124.00 target price (up from $119.00) on shares of PepsiCo in a research report on Wednesday, July 6th. Argus upped their target price on shares of PepsiCo from $116.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, July 13th. Zacks Investment Research upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $116.00 target price on the stock in a research report on Tuesday, June 21st. Finally, Vetr upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $112.11 price objective on the stock in a report on Wednesday, September 7th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $112.25.

In related news, CEO Laxman Narasimhan sold 3,219 shares of the business’s stock in a transaction on Wednesday, July 13th. The shares were sold at an average price of $109.11, for a total transaction of $351,225.09. Following the transaction, the chief executive officer now owns 97,057 shares in the company, valued at approximately $10,589,889.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ramon Laguarta sold 17,221 shares of the business’s stock in a transaction on Monday, July 11th. The shares were sold at an average price of $108.27, for a total transaction of $1,864,517.67. Following the transaction, the chief executive officer now owns 142,325 shares in the company, valued at approximately $15,409,527.75. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

About PepsiCo

PepsiCo, Inc is a food and beverage company. The Company, through its operations, bottlers, contract manufacturers and other third parties, is engaged in making, marketing, distributing and selling a range of beverages, foods and snacks, serving in over 200 countries and territories. The Company operates through six segments, namely, Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); North America Beverages (NAB); Latin America, which includes its beverage, food and snack businesses in Latin America; Europe Sub-Saharan Africa (ESSA), which includes its beverage, food and snack businesses in Europe and Sub-Saharan Africa, and Asia, Middle East and North Africa (AMENA), which includes its beverage, food and snack businesses in Asia, Middle East and North Africa.

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