PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by First National Trust Co

First National Trust Co decreased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,598 shares of the company’s stock after selling 5,409 shares during the quarter. First National Trust Co’s holdings in PepsiCo were worth $14,878,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC increased its stake in shares of PepsiCo by 9,623.6% in the fourth quarter. International Assets Investment Management LLC now owns 3,058,061 shares of the company’s stock worth $519,381,000 after acquiring an additional 3,026,611 shares during the period. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of PepsiCo in the third quarter worth $329,179,000. Flossbach Von Storch AG increased its stake in shares of PepsiCo by 121.4% in the fourth quarter. Flossbach Von Storch AG now owns 2,727,622 shares of the company’s stock worth $463,259,000 after acquiring an additional 1,495,586 shares during the period. California Public Employees Retirement System increased its stake in shares of PepsiCo by 17.9% in the fourth quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock worth $1,641,389,000 after acquiring an additional 1,470,064 shares during the period. Finally, Mackenzie Financial Corp increased its stake in shares of PepsiCo by 68.0% in the fourth quarter. Mackenzie Financial Corp now owns 2,922,643 shares of the company’s stock worth $496,382,000 after acquiring an additional 1,183,371 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

PEP has been the topic of several analyst reports. Argus lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Wedbush reiterated an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. upped their target price on shares of PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Finally, 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. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $187.42.

PepsiCo Price Performance

Shares of PEP traded up $0.70 during trading hours on Friday, reaching $176.15. The company had a trading volume of 3,492,120 shares, compared to its average volume of 5,328,097. The firm has a 50 day simple moving average of $170.14 and a 200-day simple moving average of $168.36. 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 company has a market capitalization of $242.17 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 2.87 and a beta of 0.52. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $196.88.

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

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.08%. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date is Friday, June 7th. PepsiCo’s dividend payout ratio is presently 76.09%.

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.