Hickory Point Bank & Trust Makes New $452,000 Investment in PepsiCo, Inc. (NASDAQ:PEP)

Hickory Point Bank & Trust acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,970 shares of the company's stock, valued at approximately $452,000.

A number of other institutional investors have also made changes to their positions in PEP. Swedbank AB lifted its stake in PepsiCo by 211.4% in the 3rd quarter. Swedbank AB now owns 2,345,467 shares of the company's stock valued at $398,847,000 after purchasing an additional 1,592,343 shares during the last quarter. Howard Capital Management Group LLC lifted its position in shares of PepsiCo by 2.0% in the third quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company's stock valued at $777,000 after buying an additional 90 shares during the last quarter. Campbell Wealth Management acquired a new position in shares of PepsiCo during the 3rd quarter worth approximately $322,000. Capital Advisors Inc. OK raised its stake in PepsiCo by 0.4% in the 3rd quarter. Capital Advisors Inc. OK now owns 1,764,545 shares of the company's stock valued at $300,061,000 after acquiring an additional 7,625 shares during the period. Finally, Weatherly Asset Management L. P. lifted its holdings in PepsiCo by 19.4% during the 3rd quarter. Weatherly Asset Management L. P. now owns 5,957 shares of the company's stock valued at $1,013,000 after purchasing an additional 966 shares during the last quarter. Institutional investors own 73.07% of the company's stock.

Analyst Upgrades and Downgrades

PEP has been the topic of several research analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of PepsiCo from $183.00 to $165.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. CICC Research reaffirmed a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. Barclays reduced their price target on PepsiCo from $158.00 to $153.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th. UBS Group dropped their target price on PepsiCo from $193.00 to $175.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Finally, StockNews.com cut shares of PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $171.47.

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PepsiCo Trading Down 0.2 %

PepsiCo stock traded down $0.31 during trading hours on Wednesday, hitting $153.88. The stock had a trading volume of 5,566,894 shares, compared to its average volume of 7,215,684. The business's 50 day simple moving average is $148.71 and its 200-day simple moving average is $161.20. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The stock has a market cap of $211.05 billion, a price-to-earnings ratio of 22.14, a P/E/G ratio of 3.09 and a beta of 0.52.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.02. The firm had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company's revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the firm earned $1.78 earnings per share. On average, equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.52%. PepsiCo's payout ratio is 77.99%.

PepsiCo Company 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.