PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Town & Country Bank & Trust CO dba First Bankers Trust CO

Town & Country Bank & Trust CO dba First Bankers Trust CO cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,206 shares of the company’s stock after selling 66 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in PepsiCo were worth $2,661,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. LFA Lugano Financial Advisors SA lifted its holdings in PepsiCo by 80.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after acquiring an additional 70 shares during the period. Fortis Group Advisors LLC lifted its holdings in PepsiCo by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock valued at $33,000 after acquiring an additional 97 shares during the period. Life Planning Partners Inc acquired a new stake in PepsiCo in the fourth quarter valued at $34,000. Kathleen S. Wright Associates Inc. acquired a new stake in PepsiCo in the first quarter valued at $35,000. Finally, Naples Money Management LLC acquired a new stake in PepsiCo in the fourth quarter valued at $36,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Jefferies Financial Group lifted their price target on PepsiCo from $209.00 to $211.00 and gave the stock a “buy” rating in a research note on Thursday, May 16th. BNP Paribas initiated coverage on PepsiCo in a research note on Monday, June 24th. They set a “neutral” rating and a $174.00 price target for the company. Argus cut PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Wedbush reiterated an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a research report on Tuesday, April 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on PepsiCo from $181.00 to $184.00 and gave the stock a “neutral” rating in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $186.38.

PepsiCo Stock Down 0.8 %

PepsiCo stock traded down $1.33 during midday trading on Friday, hitting $164.93. 8,756,033 shares of the company were exchanged, compared to its average volume of 5,392,291. The company’s fifty day moving average price is $173.37 and its 200-day moving average price is $170.31. The company has a market cap of $226.74 billion, a PE ratio of 24.80, a price-to-earnings-growth ratio of 2.73 and a beta of 0.52. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $192.38.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The company had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. During the same period in the prior year, the company posted $1.50 EPS. PepsiCo’s quarterly revenue was up 2.3% on a year-over-year basis. On average, research analysts predict that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were given a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.29%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend was Friday, June 7th. PepsiCo’s dividend payout ratio is presently 81.50%.

Insider Activity

In other news, CEO Ramkumar Krishnan sold 5,620 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $178.00, for a total value of $1,000,360.00. Following the completion of the sale, the chief executive officer now directly owns 53,953 shares in the company, valued at approximately $9,603,634. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.15% of the company’s stock.

PepsiCo 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.