Security National Bank Raises Position in PepsiCo, Inc. (NASDAQ:PEP)

Security National Bank grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 3.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,262 shares of the company’s stock after acquiring an additional 908 shares during the period. Security National Bank’s holdings in PepsiCo were worth $3,950,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Paragon Wealth Strategies LLC purchased a new stake in shares of PepsiCo in the second quarter valued at about $30,000. Cowen Prime Advisors LLC acquired a new stake in shares of PepsiCo in the second quarter valued at about $34,000. Financial Insights Inc. acquired a new stake in shares of PepsiCo in the second quarter valued at about $36,000. AGF Investments LLC acquired a new stake in shares of PepsiCo in the second quarter valued at about $37,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of PepsiCo in the second quarter valued at about $44,000. 70.48% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:PEP traded down $1.51 during trading on Thursday, reaching $163.74. The stock had a trading volume of 3,308,040 shares, compared to its average volume of 4,732,310. The business has a fifty day moving average price of $158.84 and a 200-day moving average price of $154.23. The company has a quick ratio of 0.77, a current ratio of 0.95 and a debt-to-equity ratio of 2.32. The stock has a market cap of $226.40 billion, a P/E ratio of 27.89, a PEG ratio of 2.97 and a beta of 0.62. PepsiCo, Inc. has a fifty-two week low of $128.32 and a fifty-two week high of $166.80.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Monday, October 4th. The company reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.06. The business had revenue of $20.19 billion during the quarter, compared to analyst estimates of $19.39 billion. PepsiCo had a net margin of 10.62% and a return on equity of 58.31%. The company’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.66 earnings per share. As a group, equities analysts forecast that PepsiCo, Inc. will post 6.25 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 7th. Investors of record on Friday, December 3rd will be issued a $1.075 dividend. The ex-dividend date of this dividend is Thursday, December 2nd. This represents a $4.30 dividend on an annualized basis and a yield of 2.63%. PepsiCo’s payout ratio is 73.25%.

In related news, CFO Hugh F. Johnston sold 37,266 shares of the business’s stock in a transaction that occurred on Thursday, October 21st. The shares were sold at an average price of $160.30, for a total value of $5,973,739.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is currently owned by insiders.

PEP has been the subject of several recent analyst reports. Evercore ISI reiterated a “hold” rating and issued a $160.00 price objective on shares of PepsiCo in a research note on Thursday, October 7th. Zacks Investment Research cut shares of PepsiCo from a “buy” rating to a “hold” rating and set a $164.00 price objective for the company. in a research note on Monday, August 9th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of PepsiCo from $158.00 to $160.00 and gave the stock a “hold” rating in a research report on Wednesday, October 6th. Barclays lifted their target price on shares of PepsiCo from $165.00 to $168.00 and gave the stock an “overweight” rating in a research report on Thursday, October 7th. Finally, UBS Group lifted their target price on shares of PepsiCo from $170.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, October 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $162.86.

About PepsiCo

PepsiCo, Inc engages in the manufacture, marketing, distribution and sale of beverages, food, and snacks. It is a food and beverage company with a complementary portfolio of brands, including Frito-Lay, Gatorade, Pepsi-Cola, Quaker, and Tropicana. It operates through the following business segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; and Africa, Middle East and South Asia The Frito-Lay North America segment markets, distributes, and sells snack foods under the Lay’s, Doritos, Cheetos, Tostitos, Fritos, Ruffles, and Santitas brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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