Heritage Trust Co Purchases Shares of 20,760 PepsiCo, Inc. (NASDAQ:PEP)

Heritage Trust Co purchased a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 20,760 shares of the company's stock, valued at approximately $3,157,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Zuckerman Investment Group LLC grew its stake in shares of PepsiCo by 17.8% during the fourth quarter. Zuckerman Investment Group LLC now owns 16,282 shares of the company's stock valued at $2,447,000 after buying an additional 2,457 shares during the last quarter. Treasurer of the State of North Carolina grew its position in PepsiCo by 0.8% during the 4th quarter. Treasurer of the State of North Carolina now owns 623,313 shares of the company's stock worth $94,781,000 after acquiring an additional 5,020 shares during the last quarter. Redwood Park Advisors LLC bought a new position in shares of PepsiCo in the fourth quarter worth approximately $73,000. Kelman Lazarov Inc. boosted its position in PepsiCo by 5.4% during the 4th quarter. Kelman Lazarov Inc. now owns 1,643 shares of the company's stock valued at $250,000 after buying an additional 84 shares during the period. Finally, Phoenix Financial Ltd. raised its stake in shares of PepsiCo by 9.3% during the fourth quarter. Phoenix Financial Ltd. now owns 31,168 shares of the company's stock valued at $4,748,000 after acquiring an additional 2,659 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PEP has been the subject of a number of recent analyst reports. CICC Research reaffirmed a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. JPMorgan Chase & Co. dropped their price target on PepsiCo from $183.00 to $165.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. BNP Paribas reduced their price objective 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. StockNews.com lowered shares of PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, Morgan Stanley decreased their price target on shares of PepsiCo from $185.00 to $168.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $168.12.

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PepsiCo Stock Down 1.9 %

Shares of NASDAQ PEP traded down $2.82 during midday trading on Tuesday, hitting $143.93. The stock had a trading volume of 2,164,438 shares, compared to its average volume of 6,070,351. The company has a market cap of $197.37 billion, a P/E ratio of 20.71, a PEG ratio of 3.09 and a beta of 0.49. PepsiCo, Inc. has a 52 week low of $138.33 and a 52 week 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 business's 50 day moving average is $148.39 and its 200-day moving average is $155.52.

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 the consensus estimate 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 in the previous year, the business earned $1.78 earnings per share. The company's revenue was down .2% on a year-over-year basis. As a group, analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were given a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.77%. PepsiCo's dividend payout ratio (DPR) 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.