Missouri Trust & Investment Co Increases Stake in PepsiCo, Inc. (NASDAQ:PEP)

Missouri Trust & Investment Co boosted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 20.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,762 shares of the company’s stock after buying an additional 1,507 shares during the period. Missouri Trust & Investment Co’s holdings in PepsiCo were worth $1,314,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. WealthTrak Capital Management LLC purchased a new stake in PepsiCo in the fourth quarter worth about $28,000. Creative Capital Management Investments LLC purchased a new stake in shares of PepsiCo in the 4th quarter worth approximately $30,000. Prudent Man Investment Management Inc. purchased a new position in PepsiCo during the fourth quarter valued at $30,000. Measured Risk Portfolios Inc. bought a new stake in PepsiCo in the fourth quarter worth $31,000. Finally, Summit Securities Group LLC purchased a new stake in shares of PepsiCo in the fourth quarter worth $33,000. 73.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Bank of America dropped their price target on shares of PepsiCo from $155.00 to $150.00 and set a “neutral” rating on the stock in a research note on Friday, April 25th. Dbs Bank downgraded shares of PepsiCo from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 9th. JPMorgan Chase & Co. raised their price target on shares of PepsiCo from $158.00 to $159.00 and gave the company a “neutral” rating in a research report on Monday, April 21st. Morgan Stanley lowered their price objective on PepsiCo from $168.00 to $153.00 and set an “equal weight” rating on the stock in a research report on Friday, April 25th. Finally, Evercore ISI set a $140.00 target price on PepsiCo in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $160.69.

PepsiCo Stock Performance

PEP opened at $130.85 on Friday. The company’s 50 day moving average is $134.63 and its 200 day moving average is $145.08. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The company has a market cap of $179.41 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 3.09 and a beta of 0.45. PepsiCo, Inc. has a 12-month low of $127.75 and a 12-month high of $180.91.

PepsiCo (NASDAQ:PEP) last issued 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). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $17.92 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter in the prior year, the business earned $1.61 EPS. The company’s revenue was down 1.8% compared to the same quarter last year. On average, equities research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The business 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 dividend of $1.4225 per share. 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 4.35%. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo’s payout ratio is presently 83.68%.

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.