23,052 Shares in PepsiCo, Inc. (NASDAQ:PEP) Bought by Trust Point Inc.

Trust Point Inc. bought a new stake in PepsiCo, Inc. (NASDAQ:PEPFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 23,052 shares of the company’s stock, valued at approximately $3,915,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PEP. DORCHESTER WEALTH MANAGEMENT Co lifted its holdings in shares of PepsiCo by 52.0% in the fourth quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 52,830 shares of the company’s stock valued at $8,973,000 after purchasing an additional 18,069 shares in the last quarter. Oak Asset Management LLC raised its holdings in PepsiCo by 1.9% during the fourth quarter. Oak Asset Management LLC now owns 20,099 shares of the company’s stock worth $3,414,000 after acquiring an additional 371 shares in the last quarter. Bridges Investment Management Inc. raised its holdings in PepsiCo by 6.9% during the fourth quarter. Bridges Investment Management Inc. now owns 101,243 shares of the company’s stock worth $17,195,000 after acquiring an additional 6,571 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC raised its holdings in PepsiCo by 34.5% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 12,317 shares of the company’s stock worth $2,091,000 after acquiring an additional 3,159 shares in the last quarter. Finally, Addenda Capital Inc. raised its holdings in PepsiCo by 6.0% during the fourth quarter. Addenda Capital Inc. now owns 78,215 shares of the company’s stock worth $13,369,000 after acquiring an additional 4,449 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $180.00 target price on shares of PepsiCo in a report on Monday, February 12th. Deutsche Bank Aktiengesellschaft upped their price objective on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research note on Friday, February 9th. Wedbush restated an “outperform” rating and issued a $195.00 price objective on shares of PepsiCo in a research note on Friday, February 9th. Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and upped their price objective for the company from $180.00 to $195.00 in a research note on Monday, February 12th. Finally, Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a research report on Monday, March 18th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $187.77.

View Our Latest Report on PepsiCo

PepsiCo Price Performance

NASDAQ PEP traded down $1.24 on Wednesday, hitting $170.20. 1,454,045 shares of the company’s stock were exchanged, compared to its average volume of 5,840,339. The stock has a 50-day moving average of $168.68 and a 200-day moving average of $167.74. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 2.02. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $196.88. The stock has a market cap of $233.94 billion, a price-to-earnings ratio of 25.83, a P/E/G ratio of 2.71 and a beta of 0.53.

PepsiCo (NASDAQ:PEPGet Free Report) last released its earnings results on Friday, February 9th. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.06. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The firm had revenue of $27.84 billion during the quarter, compared to analysts’ expectations of $28.40 billion. During the same period in the prior year, the company earned $1.67 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. Analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were paid a $1.265 dividend. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date was Thursday, February 29th. PepsiCo’s payout ratio is 77.02%.

PepsiCo Company Profile

(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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