PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by First National Bank Sioux Falls

First National Bank Sioux Falls grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 222.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,099 shares of the company's stock after acquiring an additional 6,273 shares during the quarter. First National Bank Sioux Falls' holdings in PepsiCo were worth $1,364,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Collier Financial acquired a new stake in shares of PepsiCo during the fourth quarter worth about $28,000. WealthTrak Capital Management LLC acquired a new position in PepsiCo during the fourth quarter valued at $28,000. Creative Capital Management Investments LLC purchased a new stake in PepsiCo in the fourth quarter valued at $30,000. Prudent Man Investment Management Inc. acquired a new stake in PepsiCo during the 4th quarter worth about $30,000. Finally, Measured Risk Portfolios Inc. purchased a new position in shares of PepsiCo during the 4th quarter valued at about $31,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Trading Up 1.4%

Shares of PEP stock traded up $1.87 on Tuesday, hitting $131.83. 11,844,887 shares of the stock traded hands, compared to its average volume of 6,635,097. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The firm's 50-day moving average price is $135.76 and its two-hundred day moving average price is $145.84. PepsiCo, Inc. has a twelve month low of $127.75 and a twelve month high of $180.91. The stock has a market capitalization of $180.75 billion, a PE ratio of 18.97, a PEG ratio of 3.09 and a beta of 0.45.

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

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 4.32%. This is a boost from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo's dividend payout ratio (DPR) is 83.68%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on PEP shares. Morgan Stanley dropped their target price on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $163.00 price objective on shares of PepsiCo in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. lifted their target price on shares of PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a report on Monday, April 21st. Jefferies Financial Group downgraded PepsiCo from a "buy" rating to a "hold" rating and lowered their price target for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. Finally, Bank of America dropped their target price on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. One investment 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's stock. Based on data from MarketBeat, PepsiCo has a consensus rating of "Hold" and an average 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.