Pioneer Trust Bank N A OR Sells 1,800 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Pioneer Trust Bank N A OR trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,067 shares of the company's stock after selling 1,800 shares during the quarter. PepsiCo accounts for 2.2% of Pioneer Trust Bank N A OR's investment portfolio, making the stock its 14th largest holding. Pioneer Trust Bank N A OR's holdings in PepsiCo were worth $8,830,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Collier Financial bought a new stake in shares of PepsiCo in the 4th quarter worth $28,000. WealthTrak Capital Management LLC bought a new stake in PepsiCo in the fourth quarter worth about $28,000. Creative Capital Management Investments LLC purchased a new position in PepsiCo in the fourth quarter valued at about $30,000. Prudent Man Investment Management Inc. purchased a new position in PepsiCo in the fourth quarter valued at approximately $30,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of PepsiCo during the 3rd quarter valued at $31,000. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Trading Up 1.1 %

Shares of PEP traded up $1.53 during mid-day trading on Tuesday, hitting $144.72. 2,502,394 shares of the company's stock traded hands, compared to its average volume of 5,965,761. The business's 50-day moving average price is $149.10 and its 200-day moving average price is $156.72. PepsiCo, Inc. has a 1 year low of $140.67 and a 1 year high of $183.41. The firm has a market capitalization of $198.46 billion, a P/E ratio of 20.86, a PEG ratio of 3.09 and a beta of 0.49. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

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PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 58.87% and a net margin of 10.43%. The business's revenue was down .2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.78 EPS. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a $1.355 dividend. The ex-dividend date was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.75%. PepsiCo's dividend payout ratio is currently 77.99%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PEP. Barclays cut shares of PepsiCo from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $168.00 to $156.00 in a research note on Tuesday, March 18th. JPMorgan Chase & Co. cut their price objective on PepsiCo from $183.00 to $165.00 and set a "neutral" rating for the company in a report on Friday, January 24th. Piper Sandler began coverage on PepsiCo in a research note on Tuesday, January 7th. They issued an "overweight" rating and a $171.00 target price on the stock. HSBC cut their target price on PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a research note on Tuesday, February 4th. Finally, Citigroup reduced their target price on shares of PepsiCo from $195.00 to $170.00 and set a "buy" rating on the stock in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, PepsiCo presently has an average rating of "Hold" and an average price target of $169.88.

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.