Trust Co. of Vermont Cuts Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Trust Co. of Vermont lessened its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 121,802 shares of the company's stock after selling 2,037 shares during the period. Trust Co. of Vermont's holdings in PepsiCo were worth $18,521,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Global Wealth Strategies & Associates boosted its stake in PepsiCo by 59.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company's stock valued at $27,000 after purchasing an additional 59 shares during the last quarter. Highline Wealth Partners LLC purchased a new position in shares of PepsiCo during the third quarter valued at approximately $28,000. Legacy Investment Solutions LLC bought a new stake in PepsiCo during the third quarter worth $31,000. Rakuten Securities Inc. raised its position in PepsiCo by 93.2% in the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company's stock valued at $34,000 after buying an additional 96 shares during the last quarter. Finally, Mattson Financial Services LLC purchased a new position in PepsiCo during the 2nd quarter worth $34,000. Institutional investors own 73.07% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. JPMorgan Chase & Co. lowered their target price on shares of PepsiCo from $185.00 to $183.00 and set a "neutral" rating for the company in a report on Wednesday, October 9th. Hsbc Global Res upgraded shares of PepsiCo to a "hold" rating in a research note on Thursday, October 10th. StockNews.com upgraded PepsiCo from a "hold" rating to a "buy" rating in a research note on Tuesday, November 5th. Wells Fargo & Company decreased their price target on PepsiCo from $170.00 to $155.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 7th. Finally, Piper Sandler initiated coverage on PepsiCo in a research report on Tuesday, January 7th. They set an "overweight" rating and a $171.00 target price for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $178.60.

PepsiCo Price Performance

Shares of PEP stock traded up $1.71 on Friday, reaching $148.25. The company's stock had a trading volume of 7,213,692 shares, compared to its average volume of 5,895,834. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The stock's 50 day simple moving average is $155.37 and its 200-day simple moving average is $165.83. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The company has a market capitalization of $203.40 billion, a P/E ratio of 21.87, a PEG ratio of 2.57 and a beta of 0.54.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.66%. The ex-dividend date was Friday, December 6th. PepsiCo's payout ratio is 79.94%.

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.