Moody National Bank Trust Division Reduces Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Moody National Bank Trust Division lowered its holdings in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 10.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,701 shares of the company’s stock after selling 3,324 shares during the quarter. Moody National Bank Trust Division’s holdings in PepsiCo were worth $4,971,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank purchased a new stake in shares of PepsiCo in the 4th quarter worth $2,180,925,000. BlackRock Inc. lifted its holdings in shares of PepsiCo by 5.5% in the 4th quarter. BlackRock Inc. now owns 105,501,759 shares of the company’s stock worth $18,326,710,000 after buying an additional 5,454,097 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in shares of PepsiCo by 24.8% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 9,226,501 shares of the company’s stock worth $1,387,758,000 after buying an additional 1,834,683 shares during the period. Sanders Capital LLC lifted its holdings in shares of PepsiCo by 34.3% in the 4th quarter. Sanders Capital LLC now owns 6,691,540 shares of the company’s stock worth $1,285,136,000 after buying an additional 1,708,005 shares during the period. Finally, Capital Research Global Investors raised its position in shares of PepsiCo by 9.6% in the 4th quarter. Capital Research Global Investors now owns 18,698,968 shares of the company’s stock worth $3,248,196,000 after acquiring an additional 1,634,702 shares in the last quarter. Institutional investors own 72.12% of the company’s stock.

PEP has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft boosted their price target on PepsiCo from $173.00 to $175.00 in a research report on Wednesday, April 27th. UBS Group reduced their price target on PepsiCo from $190.00 to $182.00 and set a “buy” rating for the company in a research report on Tuesday. StockNews.com initiated coverage on PepsiCo in a research report on Thursday, March 31st. They issued a “buy” rating for the company. JPMorgan Chase & Co. boosted their price target on PepsiCo from $183.00 to $186.00 in a research report on Wednesday, April 27th. Finally, Wells Fargo & Company reduced their target price on PepsiCo from $175.00 to $172.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $177.13.

PepsiCo stock opened at $162.03 on Thursday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.68 and a current ratio of 0.87. The business’s 50-day simple moving average is $166.98 and its two-hundred day simple moving average is $168.10. The company has a market cap of $224.04 billion, a PE ratio of 22.17, a PEG ratio of 3.12 and a beta of 0.59. PepsiCo, Inc. has a fifty-two week low of $144.61 and a fifty-two week high of $177.62.

PepsiCo (NASDAQ:PEPGet Rating) last posted its quarterly earnings results on Tuesday, April 26th. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.05. The business had revenue of $16.20 billion for the quarter, compared to the consensus estimate of $15.54 billion. PepsiCo had a return on equity of 53.44% and a net margin of 12.57%. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.21 EPS. As a group, analysts predict that PepsiCo, Inc. will post 6.64 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Friday, June 3rd will be paid a $1.15 dividend. This is an increase from PepsiCo’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Thursday, June 2nd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.84%. PepsiCo’s dividend payout ratio is presently 62.93%.

In other news, CEO Eugene Willemsen sold 4,560 shares of the company’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $175.61, for a total value of $800,781.60. Following the sale, the chief executive officer now owns 8,277 shares in the company, valued at $1,453,523.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David Flavell sold 5,150 shares of the company’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $175.11, for a total value of $901,816.50. Following the completion of the sale, the executive vice president now owns 28,275 shares in the company, valued at approximately $4,951,235.25. The disclosure for this sale can be found here. 0.12% of the stock is owned by corporate insiders.

PepsiCo Company Profile (Get Rating)

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.

See Also

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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