American National Bank & Trust Purchases 57,840 Shares of PepsiCo, Inc. (NASDAQ:PEP)

American National Bank & Trust lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 213.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 84,942 shares of the company's stock after acquiring an additional 57,840 shares during the quarter. PepsiCo makes up about 1.4% of American National Bank & Trust's investment portfolio, making the stock its 23rd largest position. American National Bank & Trust's holdings in PepsiCo were worth $12,736,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Collier Financial bought a new stake in shares of PepsiCo during the fourth quarter worth $28,000. WealthTrak Capital Management LLC bought a new stake in shares of PepsiCo during the fourth quarter worth $28,000. Creative Capital Management Investments LLC bought a new stake in shares of PepsiCo during the fourth quarter worth $30,000. Prudent Man Investment Management Inc. bought a new stake in shares of PepsiCo during the fourth quarter worth $30,000. Finally, Measured Risk Portfolios Inc. bought a new stake in shares of PepsiCo during the fourth quarter worth $31,000. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Up 0.7%

PEP stock traded up $0.94 during mid-day trading on Tuesday, reaching $131.85. The company had a trading volume of 7,335,944 shares, compared to its average volume of 6,555,716. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The stock has a 50 day simple moving average of $137.62 and a two-hundred day simple moving average of $146.83. The company has a market capitalization of $180.78 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a 52 week low of $127.75 and a 52 week high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same period in the previous year, the business earned $1.61 earnings per share. The business's quarterly revenue was down 1.8% on a year-over-year basis. As a group, equities analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a $1.4225 dividend. The ex-dividend date is Friday, June 6th. This is a boost from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a yield of 4.32%. PepsiCo's payout ratio is currently 83.68%.

Wall Street Analyst Weigh In

PEP has been the subject of a number of recent research reports. Barclays dropped their target price on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Wall Street Zen downgraded PepsiCo from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Morgan Stanley dropped their price objective on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Dbs Bank downgraded PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Finally, HSBC dropped their price objective on PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, PepsiCo currently has a consensus rating of "Hold" and a consensus price target of $160.69.

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.