First National Bank & Trust Co. of Newtown Sells 390 Shares of PepsiCo, Inc. $PEP

First National Bank & Trust Co. of Newtown trimmed its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 37,262 shares of the company’s stock after selling 390 shares during the quarter. PepsiCo accounts for approximately 1.0% of First National Bank & Trust Co. of Newtown’s portfolio, making the stock its 17th largest position. First National Bank & Trust Co. of Newtown’s holdings in PepsiCo were worth $4,920,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of PEP. Nova Wealth Management Inc. bought a new position in shares of PepsiCo in the 1st quarter worth approximately $25,000. Elite Financial Inc. bought a new position in shares of PepsiCo in the 1st quarter worth approximately $28,000. Legend Financial Advisors Inc. bought a new position in shares of PepsiCo in the 2nd quarter worth approximately $29,000. Investment Research & Advisory Group Inc. grew its stake in shares of PepsiCo by 263.6% in the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after buying an additional 232 shares during the last quarter. Finally, MorganRosel Wealth Management LLC purchased a new stake in shares of PepsiCo in the 1st quarter worth approximately $55,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 1.9%

Shares of NASDAQ PEP opened at $143.14 on Thursday. The firm has a market capitalization of $195.97 billion, a price-to-earnings ratio of 26.07, a PEG ratio of 3.54 and a beta of 0.46. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $177.50. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The stock has a 50 day moving average price of $144.43 and a 200 day moving average price of $139.56.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.09. The business had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo’s dividend payout ratio is presently 103.64%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on PEP shares. Bank of America cut their price target on PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a research note on Friday, July 11th. Royal Bank Of Canada lowered their price objective on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research report on Monday, September 15th. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, UBS Group decreased their price target on PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. Four research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $158.13.

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.