CoreFirst Bank & Trust Takes Position in PepsiCo, Inc. (NASDAQ:PEP)

CoreFirst Bank & Trust acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 7,319 shares of the company's stock, valued at approximately $1,113,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Collier Financial purchased a new position in PepsiCo during the fourth quarter worth $28,000. Creative Capital Management Investments LLC purchased a new position in shares of PepsiCo during the 4th quarter worth about $30,000. Legacy Investment Solutions LLC bought a new position in PepsiCo during the 3rd quarter valued at about $31,000. Bay Harbor Wealth Management LLC purchased a new stake in PepsiCo in the 4th quarter worth about $34,000. Finally, Human Investing LLC bought a new stake in PepsiCo in the fourth quarter worth about $39,000. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. HSBC cut their target price on PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research note on Tuesday, February 4th. Morgan Stanley decreased their target price on PepsiCo from $185.00 to $168.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. TD Cowen cut their price target on shares of PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company lowered their price objective on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Finally, UBS Group reduced their target price on shares of PepsiCo from $193.00 to $175.00 and set a "buy" rating on the stock in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $169.88.

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PepsiCo Stock Down 0.3 %

Shares of PEP stock traded down $0.40 during mid-day trading on Friday, hitting $149.27. 8,549,260 shares of the stock traded hands, compared to its average volume of 5,875,691. The stock has a market cap of $204.72 billion, a P/E ratio of 21.48, a P/E/G ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The stock's fifty day moving average is $149.25 and its two-hundred day moving average is $158.03.

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

PepsiCo Dividend Announcement

The company also recently disclosed 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. This represents a $5.42 annualized dividend and a dividend yield of 3.63%. The ex-dividend date is Friday, March 7th. PepsiCo's payout ratio is 77.99%.

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.