Texas Bank & Trust Co Makes New Investment in PepsiCo, Inc. (NASDAQ:PEP)

Texas Bank & Trust Co purchased a new stake in PepsiCo, Inc. (NASDAQ:PEP) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,917 shares of the company’s stock, valued at approximately $1,204,000.

Several other institutional investors have also recently modified their holdings of PEP. WealthTrak Capital Management LLC acquired a new position in PepsiCo in the 4th quarter valued at about $28,000. Collier Financial purchased a new stake in shares of PepsiCo during the fourth quarter worth about $28,000. Creative Capital Management Investments LLC purchased a new position in shares of PepsiCo during the fourth quarter valued at approximately $30,000. Prudent Man Investment Management Inc. acquired a new stake in PepsiCo during the fourth quarter worth approximately $30,000. Finally, Measured Risk Portfolios Inc. purchased a new stake in PepsiCo in the 4th quarter worth approximately $31,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Up 0.4%

Shares of PEP opened at $131.98 on Friday. PepsiCo, Inc. has a 12 month low of $127.87 and a 12 month high of $182.13. The stock’s 50-day moving average is $141.38 and its two-hundred day moving average is $149.54. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The stock has a market cap of $180.96 billion, a PE ratio of 18.99, a P/E/G ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). The company had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business’s revenue was down 1.8% on a year-over-year basis. During the same period last year, the firm posted $1.61 earnings per share. Equities analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 4.31%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo’s dividend payout ratio (DPR) is presently 83.68%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. HSBC decreased their price objective on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. Evercore ISI set a $140.00 price target on PepsiCo in a research note on Thursday, April 24th. Citigroup dropped their price objective on shares of PepsiCo from $170.00 to $160.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Morgan Stanley decreased their target price on shares of PepsiCo from $168.00 to $153.00 and set an “equal weight” rating on the stock in a research report on Friday, April 25th. Finally, Wells Fargo & Company dropped their price target on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo currently has an average rating of “Hold” and an average price target of $160.69.

About PepsiCo

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.