PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Citizens National Bank Trust Department

Citizens National Bank Trust Department decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,044 shares of the company’s stock after selling 217 shares during the period. PepsiCo makes up 1.2% of Citizens National Bank Trust Department’s portfolio, making the stock its 26th biggest holding. Citizens National Bank Trust Department’s holdings in PepsiCo were worth $5,633,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in PEP. AMF Tjanstepension AB raised its holdings in PepsiCo by 15.8% during the 3rd quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock worth $50,016,000 after buying an additional 40,031 shares during the period. Swedbank AB increased its position in shares of PepsiCo by 211.4% in the third quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock worth $398,847,000 after acquiring an additional 1,592,343 shares in the last quarter. Howard Capital Management Group LLC raised its holdings in shares of 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 during the period. Allspring Global Investments Holdings LLC boosted its stake in PepsiCo by 3.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 207,970 shares of the company’s stock worth $35,365,000 after purchasing an additional 6,334 shares during the period. Finally, Copeland Capital Management LLC purchased a new position in PepsiCo during the 3rd quarter worth approximately $85,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Up 1.2 %

NASDAQ:PEP opened at $145.81 on Thursday. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The company’s 50 day moving average is $149.16 and its 200-day moving average is $162.60. The firm has a market cap of $199.98 billion, a price-to-earnings ratio of 20.98, a P/E/G ratio of 2.97 and a beta of 0.54. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. The firm had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business’s revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.78 EPS. Equities analysts anticipate that PepsiCo, Inc. will post 8.34 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio is currently 77.99%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Royal Bank of Canada started coverage on PepsiCo in a research report on Tuesday, February 4th. They issued a $172.00 target price for the company. Evercore ISI dropped their target price on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. UBS Group decreased their price target on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Wells Fargo & Company dropped 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 note on Wednesday, February 5th. Finally, Barclays lowered their price target on shares of PepsiCo from $158.00 to $153.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, PepsiCo presently has an average rating of “Hold” and an average price target of $171.47.

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.