First American Trust FSB Boosts Stake in PepsiCo, Inc. (NASDAQ:PEP)

First American Trust FSB raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 9.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,817 shares of the company’s stock after acquiring an additional 398 shares during the quarter. First American Trust FSB’s holdings in PepsiCo were worth $806,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Life Planning Partners Inc bought a new stake in PepsiCo during the fourth quarter valued at about $35,000. Fortis Advisors LLC bought a new stake in PepsiCo during the third quarter valued at about $38,000. Leverty Financial Group LLC bought a new stake in PepsiCo during the fourth quarter valued at about $38,000. Creative Financial Designs Inc. ADV grew its position in shares of PepsiCo by 229.6% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 323 shares of the company’s stock valued at $56,000 after purchasing an additional 225 shares in the last quarter. Finally, Masso Torrence Wealth Management Inc. purchased a new position in shares of PepsiCo during the fourth quarter valued at about $56,000. 72.12% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP David Flavell sold 5,150 shares of the company’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $175.11, for a total transaction of $901,816.50. Following the completion of the sale, the executive vice president now owns 28,275 shares of the company’s stock, valued at approximately $4,951,235.25. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Eugene Willemsen sold 4,560 shares of the company’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $175.61, for a total transaction of $800,781.60. Following the sale, the chief executive officer now directly owns 8,277 shares of the company’s stock, valued at approximately $1,453,523.97. The disclosure for this sale can be found here. 0.12% of the stock is owned by corporate insiders.

PEP has been the subject of a number of research analyst reports. Guggenheim raised their price objective on PepsiCo from $188.00 to $193.00 in a research report on Wednesday, April 27th. UBS Group decreased their price objective on shares of PepsiCo from $190.00 to $182.00 and set a “buy” rating for the company in a research note on Tuesday. Wells Fargo & Company decreased their price objective on shares of PepsiCo from $175.00 to $172.00 and set an “equal weight” rating for the company in a research note on Tuesday. Credit Suisse Group lifted their price target on shares of PepsiCo from $163.00 to $168.00 in a research note on Wednesday, April 27th. Finally, StockNews.com initiated coverage on shares of PepsiCo in a research note on Thursday, March 31st. They issued a “buy” rating for the company. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $177.13.

Shares of PepsiCo stock opened at $162.03 on Thursday. The firm has a 50-day simple moving average of $166.98 and a two-hundred day simple moving average of $168.10. The company has a market cap of $224.04 billion, a P/E ratio of 22.17, a price-to-earnings-growth ratio of 3.12 and a beta of 0.59. PepsiCo, Inc. has a fifty-two week low of $144.61 and a fifty-two week high of $177.62. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.68 and a current ratio of 0.87.

PepsiCo (NASDAQ:PEPGet Rating) last released its quarterly earnings results on Tuesday, April 26th. The company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.05. PepsiCo had a net margin of 12.57% and a return on equity of 53.44%. The firm had revenue of $16.20 billion during the quarter, compared to the consensus estimate of $15.54 billion. During the same quarter in the prior year, the firm earned $1.21 EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities research analysts forecast that PepsiCo, Inc. will post 6.64 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Friday, June 3rd will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Thursday, June 2nd. This is an increase from PepsiCo’s previous quarterly dividend of $1.08. PepsiCo’s dividend payout ratio is 62.93%.

PepsiCo Company Profile (Get Rating)

PepsiCo, Inc manufactures, markets, distributes, and sells 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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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