Exchange Bank Has $974,000 Position in PepsiCo, Inc. (NASDAQ:PEP)

Exchange Bank cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,565 shares of the company’s stock after selling 125 shares during the period. Exchange Bank’s holdings in PepsiCo were worth $974,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Operose Advisors LLC raised its stake in PepsiCo by 132.1% in the third quarter. Operose Advisors LLC now owns 1,462 shares of the company’s stock valued at $248,000 after buying an additional 832 shares during the period. O Shaughnessy Asset Management LLC raised its stake in PepsiCo by 1.5% in the third quarter. O Shaughnessy Asset Management LLC now owns 213,492 shares of the company’s stock valued at $36,174,000 after buying an additional 3,167 shares during the period. Mutual Advisors LLC raised its stake in PepsiCo by 23.1% in the third quarter. Mutual Advisors LLC now owns 25,839 shares of the company’s stock valued at $4,378,000 after buying an additional 4,854 shares during the period. Mendel Money Management increased its stake in shares of PepsiCo by 1.5% during the third quarter. Mendel Money Management now owns 30,452 shares of the company’s stock worth $5,160,000 after purchasing an additional 458 shares during the period. Finally, MQS Management LLC increased its stake in shares of PepsiCo by 49.3% during the third quarter. MQS Management LLC now owns 7,144 shares of the company’s stock worth $1,210,000 after purchasing an additional 2,359 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity at PepsiCo

In other PepsiCo news, CEO Ramkumar Krishnan sold 5,620 shares of PepsiCo stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the completion of the transaction, the chief executive officer now owns 53,953 shares in the company, valued at approximately $9,603,634. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.15% of the stock is currently owned by corporate insiders.

PepsiCo Trading Down 0.3 %

Shares of PEP stock traded down $0.45 during mid-day trading on Wednesday, hitting $166.90. The company’s stock had a trading volume of 1,794,641 shares, compared to its average volume of 5,476,982. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $192.38. The company has a market cap of $229.45 billion, a PE ratio of 24.89, a P/E/G ratio of 2.75 and a beta of 0.52. The company’s fifty day simple moving average is $173.73 and its 200-day simple moving average is $170.37. 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 (NASDAQ:PEP) last issued its 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 return on equity of 57.37% and a net margin of 10.00%. The business had revenue of $18.25 billion during the quarter, compared to analyst estimates of $18.08 billion. During the same period in the previous year, the company posted $1.50 EPS. The firm’s revenue was up 2.3% compared to the same quarter last year. As a group, equities research analysts expect that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.25%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date is Friday, June 7th. PepsiCo’s payout ratio is presently 81.50%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on PEP shares. Morgan Stanley upgraded 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. Barclays lowered their target price on PepsiCo from $185.00 to $180.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 12th. Wedbush reiterated an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a research note on Tuesday, April 23rd. BNP Paribas initiated coverage on PepsiCo in a research note on Monday. They set a “neutral” rating and a $174.00 price objective on the stock. Finally, Argus lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $186.38.

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.