Bank & Trust Co Has $880,000 Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Bank & Trust Co lessened its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.1% in the fourth quarter, HoldingsChannel reports. The fund owned 5,784 shares of the company’s stock after selling 124 shares during the period. Bank & Trust Co’s holdings in PepsiCo were worth $880,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in PEP. Global Wealth Strategies & Associates grew its position in shares of PepsiCo by 59.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after purchasing an additional 59 shares in the last quarter. Highline Wealth Partners LLC bought a new stake in shares of PepsiCo in the third quarter valued at approximately $28,000. Legacy Investment Solutions LLC acquired a new stake in PepsiCo during the third quarter worth approximately $31,000. Rakuten Securities Inc. increased its stake in PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after acquiring an additional 96 shares during the period. Finally, Mattson Financial Services LLC bought a new stake in shares of PepsiCo during the 2nd quarter valued at $34,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PEP. Hsbc Global Res raised PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Bank of America cut their price target on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a report on Monday, September 30th. Piper Sandler assumed coverage on shares of PepsiCo in a research report on Tuesday. They set an “overweight” rating and a $171.00 price objective for the company. Barclays reduced their target price on PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a report on Thursday, October 10th. Finally, Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $182.29.

PepsiCo Trading Down 0.0 %

Shares of NASDAQ:PEP traded down $0.06 during mid-day trading on Tuesday, reaching $146.21. 2,461,369 shares of the company’s stock were exchanged, compared to its average volume of 5,477,216. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. PepsiCo, Inc. has a twelve month low of $146.10 and a twelve month high of $183.41. The firm has a market capitalization of $200.60 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 2.94 and a beta of 0.54. The business’s fifty day moving average price is $159.04 and its 200-day moving average price is $167.12.

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

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date was Friday, December 6th. PepsiCo’s dividend 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.