First National Trust Co Sells 4,560 Shares of PepsiCo, Inc. $PEP

First National Trust Co lessened its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 8.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 50,189 shares of the company’s stock after selling 4,560 shares during the quarter. First National Trust Co’s holdings in PepsiCo were worth $7,049,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PEP. Evolution Wealth Management Inc. bought a new stake in PepsiCo during the second quarter valued at about $27,000. JCIC Asset Management Inc. bought a new position in shares of PepsiCo during the 3rd quarter valued at approximately $27,000. Vermillion & White Wealth Management Group LLC increased its holdings in PepsiCo by 107.1% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock worth $31,000 after acquiring an additional 121 shares in the last quarter. Halbert Hargrove Global Advisors LLC raised its stake in PepsiCo by 667.7% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company’s stock worth $33,000 after acquiring an additional 207 shares during the period. Finally, Frazier Financial Advisors LLC lifted its holdings in PepsiCo by 85.3% during the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after purchasing an additional 122 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Trading Down 2.4%

Shares of NASDAQ PEP opened at $166.47 on Tuesday. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $170.75. The firm has a market cap of $227.51 billion, a PE ratio of 27.75, a price-to-earnings-growth ratio of 3.26 and a beta of 0.40. The business has a fifty day simple moving average of $147.99 and a two-hundred day simple moving average of $146.46. The company has a quick ratio of 0.67, a current ratio of 0.85 and a debt-to-equity ratio of 2.06.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.02. The company had revenue of $29.34 billion during the quarter, compared to the consensus estimate of $28.96 billion. PepsiCo had a net margin of 8.77% and a return on equity of 57.92%. PepsiCo’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.96 earnings per share. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo announced that its board has approved a stock repurchase program on Tuesday, February 3rd that authorizes the company to buyback $10.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 4.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 6th will be given a $1.4225 dividend. The ex-dividend date is Friday, March 6th. This represents a $5.69 dividend on an annualized basis and a yield of 3.4%. PepsiCo’s dividend payout ratio is currently 94.83%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Loop Capital set a $164.00 target price on PepsiCo in a research report on Thursday, October 23rd. Barclays lifted their price objective on shares of PepsiCo from $148.00 to $160.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 4th. BNP Paribas Exane set a $191.00 target price on shares of PepsiCo in a research report on Wednesday, February 4th. Wall Street Zen downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Finally, Jefferies Financial Group boosted their price target on shares of PepsiCo from $163.00 to $164.00 and gave the stock a “hold” rating in a research note on Tuesday, December 9th. Eight research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $167.16.

About PepsiCo

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.