American National Bank & Trust Reduces Position in PepsiCo, Inc. $PEP

Key Points

• American National Bank & Trust reduced its position in PepsiCo, Inc. by 2.3%, owning a total of 82,949 shares valued at approximately $10.95 million, making it the bank's 29th largest holding.
• PepsiCo's shares opened at $139.92, showing a 1.6% decrease, while the company has a market capitalization of $191.56 billion and a P/E ratio of 25.49.
• The firm declared a quarterly dividend of $1.4225 per share, reflecting an annualized dividend yield of 4.1% with a payout ratio of 103.64%.

American National Bank & Trust trimmed its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,949 shares of the company's stock after selling 1,993 shares during the period. PepsiCo accounts for approximately 1.1% of American National Bank & Trust's investment portfolio, making the stock its 29th biggest holding. American National Bank & Trust's holdings in PepsiCo were worth $10,953,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nova Wealth Management Inc. acquired a new stake in PepsiCo during the 1st quarter worth about $25,000. Elite Financial Inc. purchased a new position in PepsiCo during the first quarter valued at approximately $28,000. MorganRosel Wealth Management LLC acquired a new position in PepsiCo in the first quarter valued at approximately $55,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in PepsiCo during the first quarter worth $58,000. Finally, Greykasell Wealth Strategies Inc. acquired a new stake in PepsiCo during the first quarter valued at $58,000. Institutional investors and hedge funds own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Citigroup lowered their target price on shares of PepsiCo from $168.00 to $165.00 and set a "buy" rating on the stock in a research note on Thursday. Royal Bank Of Canada reduced their target price on PepsiCo from $146.00 to $145.00 and set a "sector perform" rating for the company in a research note on Monday, September 15th. Barclays upped their target price on PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research note on Monday, July 21st. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, Bank of America reduced their target price on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research note on Friday, July 11th. Four research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $158.13.

PepsiCo Stock Down 1.6%

Shares of NASDAQ:PEP opened at $139.92 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The business has a fifty day moving average of $144.68 and a two-hundred day moving average of $139.79. The stock has a market cap of $191.56 billion, a P/E ratio of 25.49, a PEG ratio of 3.59 and a beta of 0.46. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $177.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.09. The company had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The firm's quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a dividend of $1.4225 per share. The ex-dividend date is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.1%. PepsiCo's dividend payout ratio is currently 103.64%.

PepsiCo Company 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.

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