First National Bank & Trust Co. of Newtown Trims Stake in PepsiCo, Inc. (NASDAQ:PEP)

First National Bank & Trust Co. of Newtown trimmed its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 7.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 38,176 shares of the company's stock after selling 3,064 shares during the quarter. PepsiCo accounts for about 1.2% of First National Bank & Trust Co. of Newtown's holdings, making the stock its 13th largest position. First National Bank & Trust Co. of Newtown's holdings in PepsiCo were worth $5,805,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. Empowered Funds LLC lifted its position in PepsiCo by 9.2% during the third quarter. Empowered Funds LLC now owns 99,785 shares of the company's stock valued at $16,968,000 after purchasing an additional 8,406 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in PepsiCo by 104.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,705,574 shares of the company's stock worth $259,350,000 after purchasing an additional 870,451 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of PepsiCo by 11.0% in the 3rd quarter. Janus Henderson Group PLC now owns 350,225 shares of the company's stock worth $59,549,000 after purchasing an additional 34,633 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV raised its holdings in shares of PepsiCo by 12.8% during the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company's stock valued at $6,323,000 after buying an additional 4,712 shares in the last quarter. Finally, IHT Wealth Management LLC boosted its stake in PepsiCo by 19.3% in the third quarter. IHT Wealth Management LLC now owns 32,267 shares of the company's stock worth $5,493,000 after buying an additional 5,220 shares in the last quarter. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Up 3.0 %

PepsiCo stock traded up $4.40 during mid-day trading on Friday, reaching $153.50. The stock had a trading volume of 10,394,564 shares, compared to its average volume of 6,883,604. The company has a market capitalization of $210.53 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 3.02 and a beta of 0.54. 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, Inc. has a one year low of $141.51 and a one year high of $183.41. The company has a 50-day moving average price of $148.75 and a two-hundred day moving average price of $162.39.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.94 by $0.02. The firm 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 business's revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.78 earnings per share. On average, analysts expect that PepsiCo, Inc. will post 8.31 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.53%. PepsiCo's dividend payout ratio (DPR) is presently 77.99%.

Analyst Ratings Changes

PEP has been the topic of a number of analyst reports. Evercore ISI decreased their target price on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. JPMorgan Chase & Co. decreased their target price on shares of PepsiCo from $183.00 to $165.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. HSBC dropped their price target on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a research report on Tuesday, February 4th. Wells Fargo & Company decreased their price objective on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. Finally, Morgan Stanley dropped 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. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $171.47.

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.