Hilltop National Bank Sells 1,129 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Hilltop National Bank trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 18,207 shares of the company’s stock after selling 1,129 shares during the quarter. PepsiCo comprises 0.8% of Hilltop National Bank’s portfolio, making the stock its 24th biggest holding. Hilltop National Bank’s holdings in PepsiCo were worth $2,769,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. lowered their price objective on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Piper Sandler assumed coverage on PepsiCo in a research note on Tuesday. They issued an “overweight” rating and a $171.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft raised PepsiCo from a “hold” rating to a “buy” rating and raised their target price for the stock from $179.00 to $184.00 in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $180.64.

PepsiCo Price Performance

Shares of PEP stock traded down $4.55 during trading hours on Friday, reaching $141.99. The stock had a trading volume of 2,983,045 shares, compared to its average volume of 6,092,107. The stock’s fifty day simple moving average is $157.81 and its 200 day simple moving average is $166.68. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $194.81 billion, a PE ratio of 20.94, a PEG ratio of 2.94 and a beta of 0.54. PepsiCo, Inc. has a 12 month low of $141.97 and a 12 month high of $183.41.

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

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were paid a $1.355 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.82%. PepsiCo’s dividend payout ratio is currently 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.