First National Bank of Hutchinson Acquires 939 Shares of PepsiCo, Inc. (NASDAQ:PEP)

First National Bank of Hutchinson increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 15.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 7,144 shares of the company’s stock after purchasing an additional 939 shares during the period. First National Bank of Hutchinson’s holdings in PepsiCo were worth $1,086,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Atlantic Private Wealth LLC grew its holdings in shares of PepsiCo by 37.5% during the 4th quarter. Atlantic Private Wealth LLC now owns 275 shares of the company’s stock worth $42,000 after purchasing an additional 75 shares in the last quarter. Royal London Asset Management Ltd. increased its stake in PepsiCo by 3.6% in the fourth quarter. Royal London Asset Management Ltd. now owns 1,139,835 shares of the company’s stock valued at $173,323,000 after acquiring an additional 39,504 shares during the period. First Financial Bankshares Inc raised its position in PepsiCo by 0.4% in the fourth quarter. First Financial Bankshares Inc now owns 440,481 shares of the company’s stock worth $66,980,000 after purchasing an additional 1,888 shares in the last quarter. Generali Investments Management Co LLC bought a new position in PepsiCo during the fourth quarter worth about $2,062,000. Finally, Harvest Fund Management Co. Ltd grew its stake in shares of PepsiCo by 27.6% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 80,745 shares of the company’s stock valued at $12,184,000 after purchasing an additional 17,474 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Down 0.6 %

Shares of NASDAQ:PEP opened at $148.11 on Thursday. The company has a 50 day moving average price of $148.97 and a two-hundred day moving average price of $159.50. The company has a market capitalization of $203.13 billion, a PE ratio of 21.31, a PEG ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. The firm had revenue of $27.78 billion during 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 company’s revenue was down .2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.78 earnings per share. Analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Friday, March 7th. PepsiCo’s payout ratio is currently 77.99%.

Analyst Ratings Changes

Several analysts have recently weighed in on PEP shares. Barclays lowered shares of PepsiCo from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $168.00 to $156.00 in a report on Tuesday. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Wells Fargo & Company decreased their price objective on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Royal Bank of Canada initiated coverage on PepsiCo in a research note on Tuesday, February 4th. They set a $172.00 price target on the stock. Finally, HSBC lowered their price objective on PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $169.88.

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.