PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Orrstown Financial Services Inc.

Orrstown Financial Services Inc. decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP – Get Rating) by 15.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,367 shares of the company’s stock after selling 1,003 shares during the quarter. PepsiCo makes up approximately 1.7% of Orrstown Financial Services Inc.’s holdings, making the stock its 19th biggest holding. Orrstown Financial Services Inc.’s holdings in PepsiCo were worth $898,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Life Planning Partners Inc acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $35,000. Leverty Financial Group LLC bought a new stake in PepsiCo during the fourth quarter worth approximately $38,000. Masso Torrence Wealth Management Inc. bought a new stake in PepsiCo during the fourth quarter worth approximately $56,000. Creative Financial Designs Inc. ADV boosted its stake in PepsiCo by 229.6% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 323 shares of the company’s stock worth $56,000 after purchasing an additional 225 shares during the period. Finally, Evolution Advisers Inc. acquired a new position in PepsiCo in the 4th quarter worth approximately $59,000. Hedge funds and other institutional investors own 72.12% of the company’s stock.

PepsiCo stock opened at $162.03 on Thursday. PepsiCo, Inc. has a 1-year low of $144.61 and a 1-year high of $177.62. The firm’s fifty day simple moving average is $166.98 and its 200-day simple moving average is $168.10. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 1.89. The company has a market capitalization of $224.04 billion, a P/E ratio of 22.17, a P/E/G ratio of 3.12 and a beta of 0.59.

PepsiCo (NASDAQ:PEP – Get Rating) last posted its earnings results on Tuesday, April 26th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05. PepsiCo had a net margin of 12.57% and a return on equity of 53.44%. The business had revenue of $16.20 billion for the quarter, compared to analyst estimates of $15.54 billion. During the same period last year, the business posted $1.21 EPS. PepsiCo’s revenue was up 9.3% compared to the same quarter last year. On average, equities research analysts predict that PepsiCo, Inc. will post 6.64 earnings per share for the current year.

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

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

A number of research firms recently commented on PEP. Deutsche Bank Aktiengesellschaft raised their price objective on shares of PepsiCo from $173.00 to $175.00 in a research note on Wednesday, April 27th. Credit Suisse Group increased their target price on shares of PepsiCo from $163.00 to $168.00 in a research report on Wednesday, April 27th. Guggenheim increased their target price on shares of PepsiCo from $188.00 to $193.00 in a research report on Wednesday, April 27th. JPMorgan Chase & Co. increased their target price on shares of PepsiCo from $183.00 to $186.00 in a research report on Wednesday, April 27th. Finally, Wells Fargo & Company cut their target price on shares of PepsiCo from $175.00 to $172.00 and set an “equal weight” rating for the company in a research report on Tuesday. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.13.

About PepsiCo (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.

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