PepsiCo, Inc. (NASDAQ:PEP) Stake Boosted by Field & Main Bank

Field & Main Bank boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,646 shares of the company’s stock after purchasing an additional 145 shares during the period. PepsiCo accounts for approximately 1.5% of Field & Main Bank’s portfolio, making the stock its 15th biggest position. Field & Main Bank’s holdings in PepsiCo were worth $3,506,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Amplius Wealth Advisors LLC increased its holdings in PepsiCo by 2.8% in the 4th quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock worth $381,000 after purchasing an additional 60 shares in the last quarter. Darwin Wealth Management LLC raised its holdings in PepsiCo by 2.7% in the 3rd quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock valued at $397,000 after buying an additional 61 shares during the last quarter. Sugarloaf Wealth Management LLC boosted its position in PepsiCo by 2.6% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock worth $411,000 after buying an additional 61 shares during the period. Capital Investment Counsel Inc increased its position in PepsiCo by 1.6% in the 4th quarter. Capital Investment Counsel Inc now owns 4,116 shares of the company’s stock valued at $699,000 after acquiring an additional 64 shares during the period. Finally, Beacon Financial Advisory LLC raised its stake in shares of PepsiCo by 3.1% during the third quarter. Beacon Financial Advisory LLC now owns 2,135 shares of the company’s stock valued at $362,000 after acquiring an additional 65 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Performance

PEP traded up $0.56 during midday trading on Monday, reaching $176.14. The company had a trading volume of 3,224,217 shares, compared to its average volume of 5,823,218. The business has a 50-day moving average price of $169.60 and a two-hundred day moving average price of $168.05. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $196.88. The stock has a market cap of $242.15 billion, a PE ratio of 26.49, a P/E/G ratio of 2.86 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The company had revenue of $18.25 billion for the quarter, compared to analysts’ expectations of $18.08 billion. During the same period in the prior year, the company posted $1.50 EPS. PepsiCo’s revenue was up 2.3% compared to the same quarter last year. On average, sell-side analysts expect that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were given a $1.265 dividend. The ex-dividend date was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.87%. PepsiCo’s dividend payout ratio (DPR) is presently 76.09%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on PEP shares. Deutsche Bank Aktiengesellschaft raised their price objective on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Barclays upped their price objective on shares of PepsiCo from $184.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday. JPMorgan Chase & Co. boosted their target price on shares of PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Royal Bank of Canada reiterated a “sector perform” rating and set a $180.00 price target on shares of PepsiCo in a report on Monday, February 12th. Finally, Argus lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $187.42.

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.