Heritage Trust Co Acquires Shares of 20,760 PepsiCo, Inc. (NASDAQ:PEP)

Heritage Trust Co bought a new position in PepsiCo, Inc. (NASDAQ:PEP) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 20,760 shares of the company’s stock, valued at approximately $3,157,000.

Other large investors have also recently modified their holdings of the company. Howard Capital Management Group LLC increased its holdings in shares of PepsiCo by 2.0% during the third quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock valued at $777,000 after acquiring an additional 90 shares in the last quarter. Morse Asset Management Inc bought a new stake in shares of PepsiCo in the third quarter worth $996,000. Fortem Financial Group LLC increased its position in shares of PepsiCo by 6.5% during the 3rd quarter. Fortem Financial Group LLC now owns 1,917 shares of the company’s stock valued at $326,000 after purchasing an additional 117 shares during the last quarter. Soltis Investment Advisors LLC boosted its stake in shares of PepsiCo by 16.2% during the 3rd quarter. Soltis Investment Advisors LLC now owns 5,831 shares of the company’s stock worth $992,000 after acquiring an additional 814 shares during the last quarter. Finally, Invst LLC grew its holdings in PepsiCo by 4.6% during the third quarter. Invst LLC now owns 3,003 shares of the company’s stock valued at $511,000 after purchasing an additional 133 shares during the period. Institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PEP shares. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Barclays cut shares of PepsiCo from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $168.00 to $156.00 in a research report on Tuesday, March 18th. TD Cowen decreased their price objective on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. CICC Research reaffirmed a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. Finally, UBS Group cut their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo has an average rating of “Hold” and a consensus price target of $169.88.

PepsiCo Stock Down 1.0 %

Shares of NASDAQ:PEP opened at $144.14 on Friday. The business’s 50 day moving average is $148.35 and its 200 day moving average is $155.95. The stock has a market cap of $197.66 billion, a P/E ratio of 20.74, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49. PepsiCo, Inc. has a 52-week low of $138.33 and a 52-week high of $183.41. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter in the prior year, the company earned $1.78 EPS. The business’s revenue was down .2% compared to the same quarter last year. Sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a dividend of $1.355 per share. The ex-dividend date was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.76%. PepsiCo’s dividend payout ratio is presently 77.99%.

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.