Trinity Legacy Partners LLC raised its position in PepsiCo, Inc. (NASDAQ:PEP – Get Rating) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,177 shares of the company’s stock after buying an additional 636 shares during the period. PepsiCo accounts for 2.2% of Trinity Legacy Partners LLC’s investment portfolio, making the stock its 13th biggest holding. Trinity Legacy Partners LLC’s holdings in PepsiCo were worth $5,632,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. City State Bank grew its position in shares of PepsiCo by 6.5% during the 3rd quarter. City State Bank now owns 1,986 shares of the company’s stock valued at $324,000 after acquiring an additional 122 shares during the period. Hixon Zuercher LLC boosted its holdings in PepsiCo by 4.6% in the 3rd quarter. Hixon Zuercher LLC now owns 26,730 shares of the company’s stock worth $4,364,000 after buying an additional 1,168 shares during the period. Hendershot Investments Inc. boosted its holdings in PepsiCo by 1.2% in the 3rd quarter. Hendershot Investments Inc. now owns 95,130 shares of the company’s stock worth $15,531,000 after buying an additional 1,118 shares during the period. IAG Wealth Partners LLC boosted its holdings in PepsiCo by 7.4% in the 3rd quarter. IAG Wealth Partners LLC now owns 1,504 shares of the company’s stock worth $246,000 after buying an additional 104 shares during the period. Finally, Global Trust Asset Management LLC boosted its holdings in PepsiCo by 4.0% in the 3rd quarter. Global Trust Asset Management LLC now owns 7,182 shares of the company’s stock worth $1,173,000 after buying an additional 275 shares during the period. Hedge funds and other institutional investors own 70.76% of the company’s stock.
PepsiCo Price Performance
Shares of PepsiCo stock opened at $175.13 on Friday. The firm has a market cap of $241.20 billion, a PE ratio of 27.32, a price-to-earnings-growth ratio of 3.15 and a beta of 0.53. PepsiCo, Inc. has a 12-month low of $154.86 and a 12-month high of $186.84. The company has a quick ratio of 0.61, a current ratio of 0.80 and a debt-to-equity ratio of 2.06. The company’s fifty day simple moving average is $173.66 and its two-hundred day simple moving average is $175.78.
PepsiCo (NASDAQ:PEP – Get Rating) last announced its earnings results on Thursday, February 9th. The company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.03. The firm had revenue of $28 billion for the quarter, compared to analyst estimates of $26.82 billion. PepsiCo had a net margin of 10.31% and a return on equity of 51.34%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.53 EPS. As a group, equities analysts expect that PepsiCo, Inc. will post 7.23 EPS for the current year.
PepsiCo Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 3rd will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date is Thursday, March 2nd. PepsiCo’s payout ratio is 71.76%.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the stock. Argus raised their price objective on shares of PepsiCo from $195.00 to $206.00 in a report on Wednesday, December 7th. Credit Suisse Group raised their price target on shares of PepsiCo from $175.00 to $182.00 and gave the company a “neutral” rating in a report on Friday, February 10th. Deutsche Bank Aktiengesellschaft raised their price target on shares of PepsiCo from $181.00 to $186.00 and gave the company a “hold” rating in a report on Tuesday, December 6th. Barclays cut their price target on shares of PepsiCo from $197.00 to $187.00 and set an “overweight” rating for the company in a report on Monday, February 13th. Finally, Wells Fargo & Company raised their price objective on shares of PepsiCo from $187.00 to $190.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $184.08.
Insider Activity
In related news, CEO Ramkumar Krishnan sold 16,827 shares of the business’s stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $172.70, for a total transaction of $2,906,022.90. Following the sale, the chief executive officer now owns 49,000 shares of the company’s stock, valued at $8,462,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other PepsiCo news, Director Robert C. Pohlad sold 75,000 shares of PepsiCo stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $172.47, for a total value of $12,935,250.00. Following the completion of the transaction, the director now directly owns 183,929 shares of the company’s stock, valued at $31,722,234.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ramkumar Krishnan sold 16,827 shares of PepsiCo stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $172.70, for a total transaction of $2,906,022.90. Following the completion of the transaction, the chief executive officer now directly owns 49,000 shares of the company’s stock, valued at $8,462,300. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.
PepsiCo Profile
PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of beverages, food, and snacks. It operates through the following business segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), PepsiCo Beverages North America (PBNA), Latin America (LatAm), Europe, Africa, Middle East, and South Asia (AMESA), and Asia Pacific, Australia and New Zealand, and China Region (APAC).
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