PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. lifted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 81,108 shares of the company's stock after buying an additional 3,109 shares during the quarter. First Citizens Bank & Trust Co.'s holdings in PepsiCo were worth $12,161,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PEP. Collier Financial acquired a new stake in PepsiCo during the 4th quarter worth approximately $28,000. WealthTrak Capital Management LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at $28,000. Creative Capital Management Investments LLC purchased a new position in PepsiCo in the fourth quarter valued at $30,000. Prudent Man Investment Management Inc. acquired a new position in PepsiCo during the 4th quarter worth $30,000. Finally, Measured Risk Portfolios Inc. purchased a new stake in PepsiCo during the 4th quarter worth about $31,000. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Performance

NASDAQ:PEP traded up $2.40 during midday trading on Thursday, reaching $132.30. The stock had a trading volume of 11,432,993 shares, compared to its average volume of 6,646,627. The stock has a market cap of $181.39 billion, a P/E ratio of 19.04, a P/E/G ratio of 3.09 and a beta of 0.45. PepsiCo, Inc. has a 12-month low of $127.75 and a 12-month high of $180.91. The firm has a fifty day simple moving average of $135.04 and a two-hundred day simple moving average of $145.63. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 billion. During the same quarter in the previous year, the firm posted $1.61 earnings per share. PepsiCo's revenue for the quarter was down 1.8% on a year-over-year basis. On average, equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a $1.4225 dividend. The ex-dividend date is Friday, June 6th. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a dividend yield of 4.30%. PepsiCo's payout ratio is currently 83.68%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PEP shares. Royal Bank of Canada reissued a "sector perform" rating and set a $163.00 price objective on shares of PepsiCo in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. boosted their price target on shares of PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a report on Monday, April 21st. Evercore ISI set a $140.00 target price on PepsiCo in a report on Thursday, April 24th. Jefferies Financial Group downgraded PepsiCo from a "buy" rating to a "hold" rating and decreased their price target for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. Finally, Morgan Stanley dropped their price objective on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, PepsiCo has a consensus rating of "Hold" and a consensus price target of $160.69.

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.