First American Trust FSB Grows Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

First American Trust FSB grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 55.1% during the 4th quarter, HoldingsChannel reports. The fund owned 7,263 shares of the company’s stock after buying an additional 2,580 shares during the period. First American Trust FSB’s holdings in PepsiCo were worth $1,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Howard Capital Management Group LLC grew its stake in 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. Sompo Asset Management Co. Ltd. grew its position in shares of PepsiCo by 4.3% during the 3rd quarter. Sompo Asset Management Co. Ltd. now owns 3,370 shares of the company’s stock valued at $573,000 after purchasing an additional 140 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of PepsiCo by 37.1% in the third quarter. Larson Financial Group LLC now owns 14,463 shares of the company’s stock worth $2,459,000 after purchasing an additional 3,910 shares during the period. Cahill Financial Advisors Inc. boosted its stake in PepsiCo by 14.0% during the third quarter. Cahill Financial Advisors Inc. now owns 1,478 shares of the company’s stock valued at $251,000 after buying an additional 181 shares during the period. Finally, Fisher Asset Management LLC grew its position in PepsiCo by 5.7% during the third quarter. Fisher Asset Management LLC now owns 7,854,268 shares of the company’s stock worth $1,335,618,000 after buying an additional 422,080 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. TD Cowen dropped their price target on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada started coverage on shares of PepsiCo in a research note on Tuesday, February 4th. They issued a $172.00 price target for the company. Wells Fargo & Company lowered their price objective on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. JPMorgan Chase & Co. cut their target price on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Finally, BNP Paribas lowered their price target on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $169.88.

PepsiCo Stock Up 0.7 %

Shares of PepsiCo stock opened at $146.45 on Tuesday. The stock has a market capitalization of $200.86 billion, a price-to-earnings ratio of 21.07, a P/E/G ratio of 3.09 and a beta of 0.52. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The company’s 50 day moving average price is $149.08 and its 200-day moving average price is $158.73. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.78 earnings per share. Equities research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.70%. PepsiCo’s dividend payout ratio is presently 77.99%.

PepsiCo Company 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.