Heartland Bank & Trust Co Has $860,000 Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Heartland Bank & Trust Co lifted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 106.8% during the first quarter, Holdings Channel.com reports. The fund owned 5,736 shares of the company’s stock after buying an additional 2,962 shares during the period. Heartland Bank & Trust Co’s holdings in PepsiCo were worth $860,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. WealthTrak Capital Management LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at about $28,000. Prudent Man Investment Management Inc. acquired a new stake in shares of PepsiCo in the fourth quarter valued at about $30,000. Measured Risk Portfolios Inc. acquired a new stake in shares of PepsiCo in the fourth quarter valued at about $31,000. Summit Securities Group LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at about $33,000. Finally, GKV Capital Management Co. Inc. acquired a new stake in shares of PepsiCo in the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

PepsiCo stock opened at $129.07 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 2.13. The company has a market capitalization of $176.97 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 3.71 and a beta of 0.45. The stock’s 50 day moving average is $133.19 and its 200-day moving average is $143.95. 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 (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.01). The company had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The company’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.61 earnings per share. Equities research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a $1.4225 dividend. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a dividend yield of 4.41%. The ex-dividend date is Friday, June 6th. PepsiCo’s payout ratio is 83.68%.

Analyst Ratings Changes

A number of equities analysts have weighed in on PEP shares. JPMorgan Chase & Co. boosted their price target on PepsiCo from $158.00 to $159.00 and gave the stock a “neutral” rating in a research report on Monday, April 21st. Bank of America lowered their price target on PepsiCo from $155.00 to $150.00 and set a “neutral” rating on the stock in a research report on Friday, April 25th. Barclays lowered their price target on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Monday, April 28th. Royal Bank Of Canada reissued a “sector perform” rating and set a $163.00 price target on shares of PepsiCo in a research report on Tuesday, April 22nd. Finally, Dbs Bank downgraded PepsiCo from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $160.69.

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.