PepsiCo, Inc. $PEP Shares Purchased by Town & Country Bank & Trust CO dba First Bankers Trust CO

Town & Country Bank & Trust CO dba First Bankers Trust CO raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEPFree Report) by 46.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,468 shares of the company’s stock after acquiring an additional 7,087 shares during the period. PepsiCo makes up 1.2% of Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings, making the stock its 23rd largest position. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in PepsiCo were worth $3,489,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cypress Capital Management LLC WY raised its stake in shares of PepsiCo by 8.3% during the fourth quarter. Cypress Capital Management LLC WY now owns 838 shares of the company’s stock valued at $121,000 after purchasing an additional 64 shares in the last quarter. United Bank increased its stake in PepsiCo by 3.9% during the 4th quarter. United Bank now owns 1,717 shares of the company’s stock valued at $246,000 after buying an additional 65 shares during the period. Koa Wealth Management LLC raised its position in shares of PepsiCo by 0.9% during the 4th quarter. Koa Wealth Management LLC now owns 8,007 shares of the company’s stock worth $1,149,000 after buying an additional 68 shares in the last quarter. Pettinga Financial Advisors LLC raised its position in shares of PepsiCo by 3.8% during the 4th quarter. Pettinga Financial Advisors LLC now owns 1,880 shares of the company’s stock worth $270,000 after buying an additional 68 shares in the last quarter. Finally, Tiemann Investment Advisors LLC lifted its stake in shares of PepsiCo by 4.0% in the 3rd quarter. Tiemann Investment Advisors LLC now owns 1,807 shares of the company’s stock worth $254,000 after acquiring an additional 70 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $142.02 on Monday. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $171.48. The firm has a market capitalization of $194.11 billion, a PE ratio of 22.30, a price-to-earnings-growth ratio of 2.83 and a beta of 0.35. The company has a quick ratio of 0.72, a current ratio of 0.90 and a debt-to-equity ratio of 1.98. The stock’s fifty day moving average is $149.90 and its 200-day moving average is $152.26.

PepsiCo (NASDAQ:PEPGet Free Report) last released its quarterly earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.06. The business had revenue of $19.44 billion during the quarter, compared to analyst estimates of $18.89 billion. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.PepsiCo’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter last year, the company posted $1.48 EPS. Equities analysts anticipate that PepsiCo, Inc. will post 8.63 earnings per share for the current year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be issued a $1.48 dividend. The ex-dividend date is Friday, June 5th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.42. This represents a $5.92 annualized dividend and a dividend yield of 4.2%. PepsiCo’s dividend payout ratio is 92.94%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Wall Street Zen lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Sanford C. Bernstein initiated coverage on PepsiCo in a research report on Thursday, June 11th. They issued a “market perform” rating and a $143.00 target price for the company. Royal Bank Of Canada lowered their price target on PepsiCo from $165.00 to $163.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 9th. TD Cowen lowered their price objective on shares of PepsiCo from $165.00 to $150.00 and set a “hold” rating on the stock in a research note on Friday, June 12th. Finally, UBS Group cut their target price on shares of PepsiCo from $190.00 to $186.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. Eight investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $167.10.

View Our Latest Report on PEP

Key Headlines Impacting PepsiCo

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PepsiCo Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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