PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Pioneer Trust Bank N A OR

Pioneer Trust Bank N A OR cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,209 shares of the company’s stock after selling 1,105 shares during the quarter. PepsiCo comprises 3.3% of Pioneer Trust Bank N A OR’s portfolio, making the stock its 9th biggest holding. Pioneer Trust Bank N A OR’s holdings in PepsiCo were worth $11,522,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PEP. Clear Investment Research LLC bought a new position in PepsiCo during the fourth quarter worth about $25,000. Freedom Wealth Alliance LLC bought a new position in shares of PepsiCo during the fourth quarter worth approximately $29,000. Silicon Valley Capital Partners acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $36,000. Carderock Capital Management Inc. bought a new stake in shares of PepsiCo in the first quarter valued at approximately $36,000. Finally, Kepos Capital LP bought a new position in PepsiCo during the 4th quarter worth $40,000. 71.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PEP has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on PepsiCo from $193.00 to $195.00 in a report on Friday, July 14th. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Thursday, September 7th. Argus upped their price target on shares of PepsiCo from $206.00 to $212.00 in a report on Friday, July 14th. Royal Bank of Canada lifted their price objective on shares of PepsiCo from $178.00 to $180.00 in a research note on Friday, July 14th. Finally, Wedbush raised their target price on PepsiCo from $200.00 to $206.00 and gave the company an “outperform” rating in a report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, PepsiCo currently has an average rating of “Hold” and an average target price of $192.00.

PepsiCo Stock Performance

Shares of PEP stock opened at $179.38 on Tuesday. The business’s 50-day moving average price is $182.67 and its 200-day moving average price is $184.61. PepsiCo, Inc. has a 12 month low of $160.98 and a 12 month high of $196.88. The company has a current ratio of 0.84, a quick ratio of 0.64 and a debt-to-equity ratio of 2.02. The firm has a market capitalization of $246.93 billion, a price-to-earnings ratio of 31.42, a PEG ratio of 2.95 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Thursday, July 13th. The company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.13. The firm had revenue of $22.32 billion for the quarter, compared to analyst estimates of $21.73 billion. PepsiCo had a net margin of 8.76% and a return on equity of 56.05%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.86 EPS. Equities research analysts forecast that PepsiCo, Inc. will post 7.48 EPS for the current year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be issued a dividend of $1.265 per share. This represents a $5.06 annualized dividend and a yield of 2.82%. The ex-dividend date is Thursday, August 31st. PepsiCo’s payout ratio is presently 88.62%.

About PepsiCo

PepsiCo, Inc manufactures, markets, distributes, and sells 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.