Field & Main Bank Acquires 145 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Field & Main Bank grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 20,646 shares of the company’s stock after purchasing an additional 145 shares during the quarter. PepsiCo accounts for 1.5% of Field & Main Bank’s holdings, making the stock its 15th largest position. Field & Main Bank’s holdings in PepsiCo were worth $3,506,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. TFG Advisers LLC increased its position in PepsiCo by 2.8% in the third quarter. TFG Advisers LLC now owns 18,778 shares of the company’s stock worth $3,182,000 after purchasing an additional 519 shares during the last quarter. Penn Davis Mcfarland Inc. raised its position in shares of PepsiCo by 8.7% during the 3rd quarter. Penn Davis Mcfarland Inc. now owns 2,485 shares of the company’s stock valued at $421,000 after buying an additional 199 shares in the last quarter. First Personal Financial Services lifted its holdings in shares of PepsiCo by 7.4% in the 3rd quarter. First Personal Financial Services now owns 34,728 shares of the company’s stock valued at $5,884,000 after acquiring an additional 2,396 shares during the last quarter. Zullo Investment Group Inc. grew its position in PepsiCo by 3.5% in the third quarter. Zullo Investment Group Inc. now owns 7,410 shares of the company’s stock worth $1,256,000 after acquiring an additional 250 shares in the last quarter. Finally, Accel Wealth Management increased its stake in PepsiCo by 5.0% during the third quarter. Accel Wealth Management now owns 11,377 shares of the company’s stock worth $1,928,000 after acquiring an additional 539 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Jefferies Financial Group boosted their price objective on shares of PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research report on Friday, April 5th. JPMorgan Chase & Co. boosted their target price on PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Wedbush reiterated an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a report on Tuesday, April 23rd. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a research report on Monday, March 18th. Finally, Argus downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $187.42.

PepsiCo Stock Up 0.3 %

PepsiCo stock traded up $0.56 during midday trading on Monday, hitting $176.14. 3,224,217 shares of the company’s stock were exchanged, compared to its average volume of 5,823,218. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. The company has a market cap of $242.15 billion, a PE ratio of 26.49, a P/E/G ratio of 2.86 and a beta of 0.53. The firm has a 50-day moving average of $169.60 and a two-hundred day moving average of $168.05. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $196.88.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. The firm had revenue of $18.25 billion for the quarter, compared to the consensus estimate of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the firm earned $1.50 earnings per share. As a group, analysts expect that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were paid a dividend of $1.265 per share. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date was Thursday, February 29th. PepsiCo’s dividend payout ratio (DPR) is currently 76.09%.

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.