First National Bank Sioux Falls Increases Stake in PepsiCo, Inc. (NASDAQ:PEP)

First National Bank Sioux Falls increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 222.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,099 shares of the company’s stock after buying an additional 6,273 shares during the period. First National Bank Sioux Falls’ holdings in PepsiCo were worth $1,364,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Collier Financial purchased a new position in PepsiCo in the fourth quarter valued at about $28,000. WealthTrak Capital Management LLC purchased a new position in PepsiCo in the fourth quarter valued at about $28,000. Creative Capital Management Investments LLC purchased a new position in PepsiCo in the fourth quarter valued at about $30,000. Prudent Man Investment Management Inc. purchased a new position in PepsiCo in the fourth quarter valued at about $30,000. Finally, Measured Risk Portfolios Inc. purchased a new position in PepsiCo in the fourth quarter valued at about $31,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 0.1%

PepsiCo stock opened at $129.96 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 52 week low of $127.75 and a 52 week high of $180.91. The company has a market capitalization of $178.19 billion, a price-to-earnings ratio of 18.70, a price-to-earnings-growth ratio of 3.09 and a beta of 0.45. The stock has a 50-day moving average price of $135.76 and a 200 day moving average price of $145.84.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.01). The company had revenue of $17.92 billion for the quarter, compared to analysts’ expectations of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.61 earnings per share. Sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given a $1.4225 dividend. The ex-dividend date of this dividend is Friday, June 6th. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.38%. PepsiCo’s payout ratio is 83.68%.

Analyst Ratings Changes

PEP has been the topic of several analyst reports. UBS Group cut their target price on PepsiCo from $175.00 to $169.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Evercore ISI set a $140.00 target price on PepsiCo in a research note on Thursday, April 24th. Citigroup lowered their price target on PepsiCo from $170.00 to $160.00 and set a “buy” rating for the company in a report on Friday, April 25th. Bank of America lowered their price target on PepsiCo from $155.00 to $150.00 and set a “neutral” rating for the company in a report on Friday, April 25th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $163.00 price target on shares of PepsiCo in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, PepsiCo has a consensus rating of “Hold” and an average price target of $160.69.

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.