PepsiCo, Inc. $PEP Shares Bought by OLD Second National Bank of Aurora

OLD Second National Bank of Aurora lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 22.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,508 shares of the company’s stock after purchasing an additional 6,235 shares during the quarter. PepsiCo comprises about 1.0% of OLD Second National Bank of Aurora’s holdings, making the stock its 28th biggest holding. OLD Second National Bank of Aurora’s holdings in PepsiCo were worth $4,706,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Nova Wealth Management Inc. purchased a new position in PepsiCo in the 1st quarter valued at approximately $25,000. Evolution Wealth Management Inc. acquired a new stake in shares of PepsiCo in the second quarter valued at $27,000. Legend Financial Advisors Inc. purchased a new position in PepsiCo in the second quarter valued at $29,000. Vermillion & White Wealth Management Group LLC grew its stake in PepsiCo by 107.1% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock worth $31,000 after purchasing an additional 121 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC increased its holdings in PepsiCo by 667.7% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company’s stock worth $33,000 after purchasing an additional 207 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PEP shares. Evercore ISI lifted their price objective on PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. Citigroup lifted their price target on shares of PepsiCo from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, December 17th. BNP Paribas Exane dropped their price objective on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Royal Bank Of Canada decreased their price objective on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research report on Monday, September 15th. Finally, Loop Capital set a $164.00 target price on shares of PepsiCo in a research note on Thursday, October 23rd. Eight equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $158.75.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $142.23 on Monday. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $160.15. The firm has a market capitalization of $194.48 billion, a P/E ratio of 27.04, a P/E/G ratio of 4.66 and a beta of 0.42. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The company’s fifty day moving average price is $146.37 and its 200 day moving average price is $143.96.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Wednesday, October 8th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. During the same quarter last year, the company posted $2.31 earnings per share. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Friday, December 5th will be given a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $5.69 annualized dividend and a yield of 4.0%. PepsiCo’s payout ratio is 108.17%.

PepsiCo Company Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.