Legacy Private Trust Co. Buys 3,561 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Legacy Private Trust Co. raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 73.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,415 shares of the company’s stock after buying an additional 3,561 shares during the period. Legacy Private Trust Co.’s holdings in PepsiCo were worth $1,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in PEP. Quest Partners LLC increased its holdings in shares of PepsiCo by 44.8% in the 2nd quarter. Quest Partners LLC now owns 6,665 shares of the company’s stock valued at $1,099,000 after acquiring an additional 2,063 shares during the period. Van Hulzen Asset Management LLC grew its position in shares of PepsiCo by 12.2% in the 2nd quarter. Van Hulzen Asset Management LLC now owns 5,121 shares of the company’s stock worth $845,000 after buying an additional 557 shares during the last quarter. MGO One Seven LLC raised its stake in shares of PepsiCo by 2.5% during the 2nd quarter. MGO One Seven LLC now owns 26,983 shares of the company’s stock worth $4,450,000 after acquiring an additional 668 shares in the last quarter. Angeles Wealth Management LLC lifted its position in PepsiCo by 8.5% during the second quarter. Angeles Wealth Management LLC now owns 13,495 shares of the company’s stock valued at $2,226,000 after acquiring an additional 1,059 shares during the last quarter. Finally, Vaughan David Investments LLC IL grew its holdings in PepsiCo by 0.6% in the second quarter. Vaughan David Investments LLC IL now owns 272,551 shares of the company’s stock worth $44,952,000 after purchasing an additional 1,689 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Performance

Shares of PEP stock opened at $146.54 on Thursday. The stock has a market cap of $201.05 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 2.94 and a beta of 0.54. PepsiCo, Inc. has a 52-week low of $144.56 and a 52-week high of $183.41. The business has a 50-day simple moving average of $158.20 and a 200-day simple moving average of $166.82. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.30 by $0.01. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The business had revenue of $23.32 billion for the quarter, compared to analyst estimates of $23.86 billion. During the same quarter in the prior year, the firm posted $2.25 EPS. The business’s quarterly revenue was down .6% compared to the same quarter last year. On average, equities analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were issued a $1.355 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.70%. PepsiCo’s payout ratio is 79.94%.

Analysts Set New Price Targets

PEP has been the subject of a number of recent analyst reports. Hsbc Global Res raised PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft raised PepsiCo from a “hold” rating to a “buy” rating and raised their price target for the stock from $179.00 to $184.00 in a report on Thursday, December 12th. Morgan Stanley lowered shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective for the company. in a research report on Friday, September 20th. TD Cowen dropped their target price on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday. Finally, Barclays decreased their price target on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $180.64.

PepsiCo Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of 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.