Security National Bank Trims Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Security National Bank trimmed its stake in PepsiCo, Inc. (NASDAQ:PEP) by 3.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,921 shares of the company’s stock after selling 761 shares during the period. Security National Bank’s holdings in PepsiCo were worth $3,287,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. WealthTrak Capital Management LLC purchased a new stake in shares of PepsiCo during the fourth quarter worth approximately $28,000. Prudent Man Investment Management Inc. acquired a new position in PepsiCo in the 4th quarter valued at $30,000. Measured Risk Portfolios Inc. purchased a new position in PepsiCo during the 4th quarter worth $31,000. Summit Securities Group LLC acquired a new stake in shares of PepsiCo in the 4th quarter worth $33,000. Finally, GKV Capital Management Co. Inc. purchased a new stake in shares of PepsiCo in the fourth quarter valued at about $38,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PEP has been the subject of a number of recent analyst reports. UBS Group reduced their price objective on shares of PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Jefferies Financial Group cut PepsiCo from a “buy” rating to a “hold” rating and reduced their price target for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. Citigroup cut their price objective on PepsiCo from $170.00 to $160.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Barclays decreased their target price on shares of PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Monday, April 28th. Finally, Bank of America reduced their price objective on shares of PepsiCo from $155.00 to $150.00 and set a “neutral” rating for the company in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and a consensus target price of $159.75.

PepsiCo Trading Down 2.3%

Shares of PEP opened at $128.02 on Thursday. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.83 and a quick ratio of 0.65. PepsiCo, Inc. has a 1-year low of $127.63 and a 1-year high of $180.91. The stock has a market cap of $175.53 billion, a price-to-earnings ratio of 18.83, a price-to-earnings-growth ratio of 3.76 and a beta of 0.45. The firm has a 50 day simple moving average of $132.36 and a 200-day simple moving average of $143.44.

PepsiCo (NASDAQ:PEP) last released 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 58.28% and a net margin of 10.24%. The company had revenue of $17.92 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same period in the previous year, the business posted $1.61 EPS. The business’s quarterly revenue was down 1.8% on a year-over-year basis. Equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 4.44%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. PepsiCo’s dividend payout ratio is 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.