Kentucky Trust Co Buys New Position in PepsiCo, Inc. (NASDAQ:PEP)

Kentucky Trust Co bought a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,053 shares of the company’s stock, valued at approximately $1,681,000.

A number of other institutional investors have also added to or reduced their stakes in PEP. Highline Wealth Partners LLC acquired a new position in PepsiCo during the 3rd quarter worth approximately $28,000. Collier Financial purchased a new stake in shares of PepsiCo in the fourth quarter worth approximately $28,000. Legacy Investment Solutions LLC purchased a new stake in shares of PepsiCo in the third quarter worth approximately $31,000. Rakuten Securities Inc. raised its stake in shares of PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after purchasing an additional 96 shares during the last quarter. Finally, Bay Harbor Wealth Management LLC purchased a new stake in shares of PepsiCo in the fourth quarter worth approximately $34,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Trading Up 0.9 %

NASDAQ PEP opened at $145.64 on Wednesday. The company has a market capitalization of $199.75 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 2.89 and a beta of 0.54. The stock’s 50-day simple moving average is $151.05 and its two-hundred day simple moving average is $163.87. The company has a quick ratio of 0.70, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41.

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

PepsiCo Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PEP. Evercore ISI lowered their price objective on PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. Barclays decreased their price target on PepsiCo from $158.00 to $153.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. CICC Research reaffirmed a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. TD Cowen decreased their price target on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. decreased their price target on PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, PepsiCo presently has a consensus rating of “Hold” and an average target price of $171.47.

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.