St. Louis Trust Co Buys 833 Shares of PepsiCo, Inc. (NASDAQ:PEP)

St. Louis Trust Co raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 18.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,410 shares of the company’s stock after purchasing an additional 833 shares during the quarter. St. Louis Trust Co’s holdings in PepsiCo were worth $919,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA lifted its holdings in shares of PepsiCo by 80.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after buying an additional 70 shares in the last quarter. Life Planning Partners Inc purchased a new stake in shares of PepsiCo in the fourth quarter worth about $34,000. Naples Money Management LLC purchased a new stake in shares of PepsiCo in the fourth quarter worth about $36,000. Criterion Capital Advisors LLC purchased a new stake in shares of PepsiCo in the fourth quarter worth about $39,000. Finally, Avion Wealth lifted its holdings in shares of PepsiCo by 61.7% in the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock worth $41,000 after buying an additional 92 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PEP has been the topic of a number of recent analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $180.00 target price on shares of PepsiCo in a research note on Monday, February 12th. Jefferies Financial Group raised their target price on shares of PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a research note on Monday, March 18th. Argus downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Finally, Wedbush reiterated an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a research report on Tuesday, April 23rd. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $187.42.

PepsiCo Stock Down 0.1 %

PepsiCo stock traded down $0.23 on Tuesday, hitting $175.91. 4,465,101 shares of the stock traded hands, compared to its average volume of 5,806,826. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96. The firm has a market cap of $241.84 billion, a P/E ratio of 26.42, a price-to-earnings-growth ratio of 2.86 and a beta of 0.53. The business’s fifty day simple moving average is $169.60 and its 200 day simple moving average is $168.05. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $196.88.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.52 by $0.09. The business had revenue of $18.25 billion during the quarter, compared to analyst estimates of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.50 earnings per share. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.16 earnings per share for the current year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.08%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s payout ratio is currently 76.09%.

PepsiCo Company 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.