First Bank & Trust Grows Holdings in PepsiCo, Inc. (NASDAQ:PEP)

First Bank & Trust lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 145.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,915 shares of the company's stock after acquiring an additional 1,725 shares during the quarter. First Bank & Trust's holdings in PepsiCo were worth $443,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Highline Wealth Partners LLC purchased a new position in shares of PepsiCo in the third quarter worth $28,000. Collier Financial purchased a new position in shares of PepsiCo during the fourth quarter worth $28,000. Creative Capital Management Investments LLC purchased a new position in shares of PepsiCo during the fourth quarter worth $30,000. Legacy Investment Solutions LLC purchased a new position in shares of PepsiCo during the third quarter worth $31,000. Finally, Rakuten Securities Inc. raised its holdings in shares of PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company's stock worth $34,000 after purchasing an additional 96 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Price Performance

PEP traded up $4.40 on Friday, reaching $153.50. 10,586,982 shares of the company's stock were exchanged, compared to its average volume of 6,999,466. The stock has a market cap of $210.53 billion, a PE ratio of 22.09, a P/E/G ratio of 3.02 and a beta of 0.54. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The stock's fifty day moving average price is $148.75 and its 200-day moving average price is $162.39. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. PepsiCo's quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the business posted $1.78 earnings per share. Sell-side analysts expect that PepsiCo, Inc. will post 8.31 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.53%. PepsiCo's payout ratio is 77.99%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PEP. Morgan Stanley reduced their target price on shares of PepsiCo from $185.00 to $168.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a report on Wednesday, January 22nd. Wells Fargo & Company cut their price objective on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. JPMorgan Chase & Co. cut their price objective on shares of PepsiCo from $183.00 to $165.00 and set a "neutral" rating for the company in a report on Friday, January 24th. Finally, Citigroup cut their price objective on shares of PepsiCo from $195.00 to $170.00 and set a "buy" rating for the company in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, PepsiCo currently has an average rating of "Hold" and an average target price of $171.47.

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.