PepsiCo, Inc. (NASDAQ:PEP) Position Trimmed by First National Bank & Trust Co. of Newtown

First National Bank & Trust Co. of Newtown lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,047 shares of the company’s stock after selling 1,546 shares during the quarter. PepsiCo makes up 1.6% of First National Bank & Trust Co. of Newtown’s investment portfolio, making the stock its 12th largest holding. First National Bank & Trust Co. of Newtown’s holdings in PepsiCo were worth $7,481,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. LFA Lugano Financial Advisors SA lifted its holdings in PepsiCo by 80.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after purchasing an additional 70 shares during the last quarter. Life Planning Partners Inc acquired a new stake in PepsiCo in the 4th quarter worth approximately $34,000. Avion Wealth lifted its holdings in PepsiCo by 61.7% in the 4th quarter. Avion Wealth now owns 241 shares of the company’s stock worth $41,000 after purchasing an additional 92 shares during the last quarter. Financial Connections Group Inc. acquired a new stake in PepsiCo in the 4th quarter worth approximately $44,000. Finally, Pacific Center for Financial Services acquired a new stake in PepsiCo in the 1st quarter worth approximately $47,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

PepsiCo stock traded up $0.44 on Friday, reaching $172.71. The company’s stock had a trading volume of 2,144,996 shares, compared to its average volume of 5,675,623. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.68 and a current ratio of 0.85. The company has a market cap of $237.39 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 2.66 and a beta of 0.53. The business’s fifty day moving average price is $168.55 and its 200 day moving average price is $167.42. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $196.88.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Friday, February 9th. The company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.06. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The company had revenue of $27.84 billion for the quarter, compared to analyst estimates of $28.40 billion. During the same quarter in the previous year, the firm earned $1.67 earnings per share. The business’s revenue was down .6% on a year-over-year basis. Equities analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were paid a dividend of $1.265 per share. This represents a $5.06 annualized dividend and a dividend yield of 2.93%. The ex-dividend date was Thursday, February 29th. PepsiCo’s dividend payout ratio (DPR) is presently 77.02%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on PEP shares. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Jefferies Financial Group lifted their price target on PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $180.00 price target on shares of PepsiCo in a research report on Monday, February 12th. Barclays lifted their price target on PepsiCo from $183.00 to $184.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a research report on Friday, February 9th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $186.92.

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.