Colonial Trust Advisors Purchases 3,169 Shares of PepsiCo, Inc. $PEP

Key Points

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Colonial Trust Advisors increased its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,865 shares of the company's stock after buying an additional 3,169 shares during the quarter. PepsiCo accounts for 1.2% of Colonial Trust Advisors' portfolio, making the stock its 23rd largest position. Colonial Trust Advisors' holdings in PepsiCo were worth $13,924,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Elite Financial Inc. bought a new stake in PepsiCo in the first quarter valued at approximately $28,000. Measured Risk Portfolios Inc. bought a new stake in PepsiCo in the fourth quarter valued at approximately $31,000. Sunbeam Capital Management LLC bought a new stake in PepsiCo in the fourth quarter valued at approximately $47,000. MorganRosel Wealth Management LLC bought a new stake in PepsiCo in the first quarter valued at approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in PepsiCo in the first quarter valued at approximately $58,000. Institutional investors own 73.07% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Dbs Bank downgraded PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Evercore ISI set a $140.00 target price on PepsiCo in a research note on Thursday, April 24th. Barclays boosted their target price on PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Cowen reissued a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $158.73.

PepsiCo Price Performance

Shares of PEP stock opened at $149.55 on Tuesday. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $179.73. The stock has a market cap of $204.75 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 4.01 and a beta of 0.45. The business's fifty day moving average is $137.79 and its 200 day moving average is $140.48. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The firm had revenue of $22.73 billion for the quarter, compared to analysts' expectations of $22.28 billion. During the same period in the prior year, the firm posted $2.28 earnings per share. The company's quarterly revenue was up 1.0% on a year-over-year basis. Research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's dividend payout ratio is currently 103.64%.

About PepsiCo

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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