PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by OLD Point Trust & Financial Services N A

OLD Point Trust & Financial Services N A grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,613 shares of the company’s stock after purchasing an additional 305 shares during the period. PepsiCo makes up about 2.8% of OLD Point Trust & Financial Services N A’s holdings, making the stock its 9th largest holding. OLD Point Trust & Financial Services N A’s holdings in PepsiCo were worth $8,000,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Collier Financial purchased a new position in PepsiCo in the 4th quarter valued at approximately $28,000. Creative Capital Management Investments LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at $30,000. Legacy Investment Solutions LLC purchased a new position in PepsiCo in the third quarter valued at $31,000. Bay Harbor Wealth Management LLC purchased a new stake in PepsiCo during the 4th quarter worth about $34,000. Finally, Human Investing LLC purchased a new position in shares of PepsiCo in the 4th quarter valued at about $39,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Trading Down 0.6 %

Shares of PEP stock opened at $148.11 on Thursday. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The business’s 50 day moving average is $148.97 and its two-hundred day moving average is $159.50. The company has a market capitalization of $203.13 billion, a P/E ratio of 21.31, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.02. The company had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. PepsiCo’s revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.78 EPS. Equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.66%. The ex-dividend date is Friday, March 7th. PepsiCo’s payout ratio is 77.99%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PEP. Piper Sandler assumed coverage on shares of PepsiCo in a report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 target price on the stock. BNP Paribas decreased their price objective on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Evercore ISI dropped their target price on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Morgan Stanley decreased their price target on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Finally, Barclays lowered PepsiCo from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $168.00 to $156.00 in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $169.88.

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.