PepsiCo, Inc. (NASDAQ:PEP) Stock Holdings Trimmed by First National Trust Co

First National Trust Co trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 87,598 shares of the company’s stock after selling 5,409 shares during the period. First National Trust Co’s holdings in PepsiCo were worth $14,878,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. LFA Lugano Financial Advisors SA boosted its stake in PepsiCo by 80.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after buying an additional 70 shares in the last quarter. Life Planning Partners Inc acquired a new position in shares of PepsiCo in the 4th quarter worth approximately $34,000. Naples Money Management LLC acquired a new stake in PepsiCo during the fourth quarter valued at approximately $36,000. Criterion Capital Advisors LLC bought a new stake in PepsiCo during the fourth quarter worth approximately $39,000. Finally, Avion Wealth grew its position in PepsiCo by 61.7% in the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock worth $41,000 after buying an additional 92 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

PEP traded up $0.70 during trading on Friday, reaching $176.15. 3,492,120 shares of the company’s stock were exchanged, compared to its average volume of 5,328,097. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $196.88. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. The business has a 50 day moving average price of $170.14 and a 200 day moving average price of $168.36. The company has a market capitalization of $242.17 billion, a P/E ratio of 26.49, a PEG ratio of 2.87 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last issued 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. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The company had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. During the same period last year, the business earned $1.50 earnings per share. The business’s revenue was up 2.3% on a year-over-year basis. As a group, analysts predict that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be given a $1.355 dividend. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend is Friday, June 7th. This represents a $5.42 annualized dividend and a yield of 3.08%. PepsiCo’s payout ratio is presently 76.09%.

Analyst Ratings Changes

PEP has been the subject of several research reports. Wedbush reissued an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a research note on Tuesday, April 23rd. Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and increased their price target for the company from $180.00 to $195.00 in a research report on Monday, February 12th. Argus lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $180.00 price target on shares of PepsiCo in a research report on Monday, February 12th. Finally, Barclays increased their price target on PepsiCo from $184.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $187.42.

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.