PepsiCo, Inc. (NASDAQ:PEP) Position Boosted by First American Trust FSB

First American Trust FSB boosted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 55.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,263 shares of the company's stock after buying an additional 2,580 shares during the quarter. First American Trust FSB's holdings in PepsiCo were worth $1,105,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of PEP. Tcfg Wealth Management LLC grew its stake in PepsiCo by 3.5% during the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company's stock valued at $295,000 after purchasing an additional 66 shares in the last quarter. Lincoln Capital LLC grew its position in shares of PepsiCo by 0.4% during the fourth quarter. Lincoln Capital LLC now owns 16,808 shares of the company's stock worth $2,556,000 after buying an additional 70 shares in the last quarter. Marshall Financial Group LLC increased its stake in shares of PepsiCo by 2.3% in the fourth quarter. Marshall Financial Group LLC now owns 3,128 shares of the company's stock worth $476,000 after buying an additional 70 shares during the last quarter. Osprey Private Wealth LLC boosted its stake in PepsiCo by 0.5% during the 4th quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company's stock valued at $2,290,000 after acquiring an additional 70 shares during the last quarter. Finally, TAGStone Capital Inc. grew its holdings in PepsiCo by 2.8% during the 4th quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock worth $388,000 after acquiring an additional 70 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Barclays cut shares of PepsiCo from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $168.00 to $156.00 in a research report on Tuesday, March 18th. Piper Sandler started coverage on PepsiCo in a research report on Tuesday, January 7th. They issued an "overweight" rating and a $171.00 target price for the company. Evercore ISI dropped their price target on PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. Royal Bank of Canada assumed coverage on shares of PepsiCo in a report on Tuesday, February 4th. They issued a $172.00 price objective for the company. Finally, BNP Paribas reduced their price target on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. One equities research 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's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $169.88.

PepsiCo Stock Performance

PEP traded down $0.40 during trading hours on Friday, hitting $149.27. The company's stock had a trading volume of 8,549,260 shares, compared to its average volume of 5,875,691. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The company has a 50-day simple moving average of $149.25 and a 200 day simple moving average of $158.03. The firm has a market capitalization of $204.72 billion, a PE ratio of 21.48, a PEG ratio of 3.09 and a beta of 0.52.

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

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.63%. PepsiCo's dividend payout ratio is presently 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.