Central Pacific Bank Trust Division Sells 1,031 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Central Pacific Bank Trust Division decreased its position in PepsiCo, Inc. (NASDAQ:PEP) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,957 shares of the company’s stock after selling 1,031 shares during the quarter. Central Pacific Bank Trust Division’s holdings in PepsiCo were worth $1,818,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Founders Financial Securities LLC lifted its stake in PepsiCo by 136.9% in the second quarter. Founders Financial Securities LLC now owns 5,990 shares of the company’s stock valued at $988,000 after purchasing an additional 3,462 shares during the last quarter. Larson Financial Group LLC boosted its position in PepsiCo by 2.2% during the second quarter. Larson Financial Group LLC now owns 10,553 shares of the company’s stock worth $1,740,000 after purchasing an additional 226 shares during the period. Stablepoint Partners LLC increased its stake in shares of PepsiCo by 8.8% in the second quarter. Stablepoint Partners LLC now owns 35,339 shares of the company’s stock worth $6,121,000 after purchasing an additional 2,847 shares in the last quarter. Mattern Capital Management LLC lifted its stake in shares of PepsiCo by 1.1% during the 2nd quarter. Mattern Capital Management LLC now owns 49,461 shares of the company’s stock valued at $8,158,000 after buying an additional 556 shares in the last quarter. Finally, Arbor Trust Wealth Advisors LLC boosted its holdings in PepsiCo by 0.9% in the 2nd quarter. Arbor Trust Wealth Advisors LLC now owns 6,615 shares of the company’s stock worth $1,091,000 after buying an additional 62 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Price Performance

Shares of NASDAQ PEP traded up $0.23 during trading hours on Friday, reaching $150.44. 2,495,473 shares of the stock traded hands, compared to its average volume of 3,680,370. The company has a market capitalization of $206.40 billion, a P/E ratio of 22.19, a price-to-earnings-growth ratio of 2.94 and a beta of 0.52. The company’s 50-day simple moving average is $159.95 and its two-hundred day simple moving average is $167.37. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 52-week low of $149.71 and a 52-week high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.01. The business had revenue of $23.32 billion during the quarter, compared to analyst estimates of $23.86 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The company’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business posted $2.25 earnings per share. Equities research analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 6th will be given a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend is Friday, December 6th. PepsiCo’s payout ratio is 79.94%.

Analyst Ratings Changes

PEP has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their target price on PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Barclays reduced their target price on PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and raised their price objective for the company from $179.00 to $184.00 in a research report on Thursday, December 12th. Morgan Stanley lowered shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price on the stock. in a report on Friday, September 20th. Finally, Bank of America reduced their price target on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, September 30th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, PepsiCo has a consensus rating of “Hold” and a consensus price target of $184.31.

About PepsiCo

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.