First Citizens Bank & Trust Co. Has $12.16 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

First Citizens Bank & Trust Co. raised its stake in PepsiCo, Inc. (NASDAQ:PEPFree Report) by 4.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,108 shares of the company’s stock after purchasing an additional 3,109 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in PepsiCo were worth $12,161,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Ossiam lifted its stake in PepsiCo by 138.9% in the fourth quarter. Ossiam now owns 73,604 shares of the company’s stock valued at $11,192,000 after acquiring an additional 42,793 shares during the last quarter. OMERS ADMINISTRATION Corp grew its holdings in PepsiCo by 12.1% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company’s stock worth $18,977,000 after purchasing an additional 13,461 shares during the period. Hutner Capital Management Inc. increased its position in PepsiCo by 14.6% during the fourth quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company’s stock worth $8,178,000 after buying an additional 6,865 shares during the last quarter. Polar Asset Management Partners Inc. bought a new stake in PepsiCo in the fourth quarter valued at approximately $47,899,000. Finally, WCM Investment Management LLC lifted its position in shares of PepsiCo by 147.6% in the fourth quarter. WCM Investment Management LLC now owns 14,692 shares of the company’s stock valued at $2,229,000 after buying an additional 8,759 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Down 0.8%

PEP opened at $130.03 on Monday. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a twelve month low of $127.75 and a twelve month high of $180.91. The stock has a market capitalization of $178.28 billion, a price-to-earnings ratio of 18.71, a P/E/G ratio of 3.09 and a beta of 0.45. The company has a 50-day simple moving average of $136.15 and a 200 day simple moving average of $146.06.

PepsiCo (NASDAQ:PEPGet Free Report) last posted 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). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the prior year, the business posted $1.61 EPS. The business’s revenue was down 1.8% on a year-over-year basis. Analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date of this dividend is Friday, June 6th. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s payout ratio is currently 83.68%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Barclays dropped their price target on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Monday, April 28th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $163.00 target price on shares of PepsiCo in a report on Tuesday, April 22nd. Dbs Bank cut shares of PepsiCo from a “strong-buy” rating to a “hold” rating in a report on Friday, May 9th. Bank of America reduced their price objective on PepsiCo from $155.00 to $150.00 and set a “neutral” rating for the company in a report on Friday, April 25th. Finally, Citigroup lowered their target price on PepsiCo from $170.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $160.69.

View Our Latest Report on PepsiCo

About PepsiCo

(Free Report)

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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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