First National Bank & Trust Co. of Newtown Has $7.48 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

First National Bank & Trust Co. of Newtown reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 44,047 shares of the company’s stock after selling 1,546 shares during the quarter. PepsiCo comprises approximately 1.6% of First National Bank & Trust Co. of Newtown’s portfolio, making the stock its 12th biggest holding. First National Bank & Trust Co. of Newtown’s holdings in PepsiCo were worth $7,481,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA raised its holdings in PepsiCo by 80.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after acquiring an additional 70 shares in the last quarter. Life Planning Partners Inc acquired a new position in PepsiCo in the 4th quarter valued at $34,000. Avion Wealth raised its holdings in PepsiCo by 61.7% in the 4th quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after acquiring an additional 92 shares in the last quarter. Pacific Center for Financial Services acquired a new position in PepsiCo in the 1st quarter valued at $47,000. Finally, Financial Connections Group Inc. acquired a new position in shares of PepsiCo during the 4th quarter worth $44,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PEP has been the subject of a number of research analyst reports. Jefferies Financial Group boosted their price target on PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Deutsche Bank Aktiengesellschaft boosted their price target on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Barclays boosted their price target on PepsiCo from $183.00 to $184.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Royal Bank of Canada reissued a “sector perform” rating and set a $180.00 price target on shares of PepsiCo in a report on Monday, February 12th. Finally, StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, PepsiCo currently has a consensus rating of “Moderate Buy” and a consensus target price of $186.92.

PepsiCo Price Performance

PEP traded up $0.44 on Friday, reaching $172.71. The stock had a trading volume of 2,144,996 shares, compared to its average volume of 5,675,623. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $196.88. The firm has a 50-day moving average of $168.55 and a 200-day moving average of $167.42. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 2.02. The company has a market capitalization of $237.39 billion, a price-to-earnings ratio of 26.24, a price-to-earnings-growth ratio of 2.66 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Friday, February 9th. The company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $28.40 billion. During the same quarter in the previous year, the company posted $1.67 EPS. The business’s revenue was down .6% on a year-over-year basis. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were given a $1.265 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.93%. PepsiCo’s dividend payout ratio (DPR) is presently 77.02%.

About PepsiCo

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.