Harel Insurance Investments & Financial Services Ltd. (NASDAQ:PEP)


Harel Insurance Investments & Financial Services Ltd. has reduced its stake in PepsiCo, Inc.NASDAQ: PEPGet Votesand 50.9% in the first quarter, HoldingsChannel reports. The fund owned 362 shares of the company’s stock after selling 376 shares during the period. Harel Insurance Investments & Financial Services Ltd. at PepsiCo it was worth $61,000 as of the most recent election.

Several other advertisers have also updated their PEPs. Norges Bank purchased a new stake in shares of PepsiCo during the fourth quarter valued at $2,180,925,000. BlackRock Inc. grew its position in shares of PepsiCo by 5.5% in the fourth quarter. BlackRock Inc. now owns 105,501,759 shares of the company’s stock valued at $18,326,710,000 after buying an additional 5,454,097 shares during the last quarter. Sanders Capital LLC boosted its position in shares of PepsiCo by 34.3% in the fourth quarter. Sanders Capital LLC now owns 6,691,540 shares of the company’s stock valued at $1,285,136,000 after purchasing an additional 1,708,005 shares during the last quarter. Capital Research Global Investors boosted its position in shares of PepsiCo by 9.6% in the fourth quarter. Capital Research Global Investors now owns 18,698,968 shares of the company’s stock valued at $3,248,196,000 after buying an additional 1,634,702 shares in the last quarter. Finally, Alphinity Investment Management Pty Ltd purchased a new stake in shares of PepsiCo in the fourth quarter valued at $213,908,000. 72.12% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Up 0.7%

Sections a The price of NASDAQ PEP opened at $169.61 on Monday. The stock has a market cap of $234.08 billion, a P/E ratio of 25.54, a PEG ratio of 3.33 and a beta of 0.56. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt ratio of 1.78. PepsiCo, Inc. it has a 12-month low of $149.48 and a 12-month high of $177.62. The fifty day moving average is $166.69 and the 200 day moving average is $168.50.

PepsiCo (NASDAQ: PEPGet Votes) last announced its quarterly earnings 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 for the quarter, compared to analysts’ expectations of $19.51 billion. PepsiCo had a profit margin of 52.01% and a margin of 11.28%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. At the same time last year, the company earned $1.72 per share. As a group, equity analysts predict that PepsiCo, Inc. will post 6.65 EPS for the current fiscal year.

Company PepsiCo Dividend Recommendations

The company also declared a quarterly dividend, which will be paid on Friday, September 30. Shareholders of record on Friday, September 2nd will be paid a $1.15 dividend. The company paid $4.60 per share during the last period and the annual yield was 2.71 %. The previous payment date is Thursday, September 1st. PepsiCo’s dividend payout ratio is currently 69.28%.

Purchasing and Internal Marketing at PepsiCo

Other news, CEO Steven C. Williams sold 1,753 shares of PepsiCo stock in a transaction dated Friday, July 15th. The products were sold at a price of $171.18, for a total transaction of $300,078.54. Following the sale, the chief executive officer now owns 70,892 shares in the company, valued at $12,135,292.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via. SEC website. Other news, EVP David Flavell sold 5,150 shares of PepsiCo stock in a transaction dated Monday, May 16th. The products were sold at a price of $175.11, for a total transaction of $901,816.50. Following the sale, the senior vice president now owns 28,275 shares in the company, valued at $4,951,235.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via. SEC website. Also, CEO Steven C. Williams sold 1,753 shares of PepsiCo stock in a transaction dated Friday, July 15th. The coins were sold at a price of $171.18, for a price of $300,078.54. Following the sale, the chief executive officer now owns 70,892 shares in the company, valued at approximately $12,135,292.56. Disclosures for these products can be found Here. Investors have sold 11,463 shares of company stock worth $2,002,677 over the last ninety days. Company insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft increased their target price on PepsiCo from $175.00 to $178.00 and gave the company a “hold” rating in a report on Thursday, July 7th. Credit Suisse Group increased their target price on PepsiCo from $168.00 to $170.00 and gave the company a “neutral” rating in a report on Wednesday, July 13th. Guggenheim increased their target price on PepsiCo from $188.00 to $193.00 in a report on Wednesday, April 27th. Barclays lowered their target price on PepsiCo from $187.00 to $183.00 and set an “overweight” rating on the stock in a report on Wednesday, July 6th. Finally, UBS Group lowered their price target on PepsiCo from $190.00 to $182.00 and set a “buy” rating on the stock in a report on Tuesday, June 21st. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has a “Moderate Buy” rating and a target price of $182.00.

More on PepsiCo

(Get Votes)

PepsiCo, Inc. manufactures, markets, distributes, and markets a variety of beverages and convenience foods worldwide. The company operates in seven divisions: Frito-Lay North America; Quaker Foods North America; PepsiCo North America Beverages; Latin America; Europe; Africa, the Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.

Featured Articles

Want to see other hedge funds with PEP? Go to HoldingsChannel.com to access the latest 13F filings and insider trading for PepsiCo, Inc.NASDAQ: PEPGet Votes).



Receive PepsiCo Daily News & Reviews – Enter your email address below to receive a concise daily summary of the latest news and expert opinions on PepsiCo and related companies with MarketBeat.com’s FREE daily email newsletter.