First National Trust Co Decreases Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

First National Trust Co cut its position in PepsiCo, Inc. (NASDAQ:PEP) by 33.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 68,172 shares of the company’s stock after selling 33,812 shares during the quarter. First National Trust Co’s holdings in PepsiCo were worth $10,366,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Collier Financial purchased a new position in shares of PepsiCo in the fourth quarter valued at $28,000. Creative Capital Management Investments LLC acquired a new stake in PepsiCo in the fourth quarter valued at $30,000. Legacy Investment Solutions LLC acquired a new stake in PepsiCo in the third quarter valued at $31,000. Bay Harbor Wealth Management LLC acquired a new stake in PepsiCo in the fourth quarter valued at $34,000. Finally, Human Investing LLC acquired a new stake in PepsiCo in the fourth quarter valued at $39,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. cut their price target on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. TD Cowen cut their price target on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. CICC Research reissued a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. Barclays increased their target price on shares of PepsiCo from $153.00 to $168.00 and gave the stock an “overweight” rating in a report on Thursday, March 6th. Finally, Wells Fargo & Company dropped their target price on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $170.59.

PepsiCo Stock Performance

Shares of PEP opened at $148.34 on Friday. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The company has a 50-day moving average of $148.78 and a two-hundred day moving average of $160.29. The stock has a market cap of $203.45 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 3.09 and a beta of 0.52. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.94 by $0.02. The company had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business’s revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the company posted $1.78 earnings per share. On average, equities research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

About PepsiCo

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.