First National Trust Co Sells 9,994 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• First National Trust Co reduced its holdings in PepsiCo by 14.7%, selling 9,994 shares in the first quarter and leaving it with 58,178 shares valued at $8.72 million.
• PepsiCo's recent quarterly earnings beat expectations, reporting $2.12 EPS against an estimated $2.03, with revenues hitting $22.73 billion.
• The company declared a quarterly dividend of $1.4225 per share, with an annualized payout of $5.69 and a yield of 3.95%, despite a payout ratio of 103.64%.

First National Trust Co lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 14.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,178 shares of the company's stock after selling 9,994 shares during the period. First National Trust Co's holdings in PepsiCo were worth $8,723,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in PepsiCo by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 31,079,522 shares of the company's stock valued at $4,717,069,000 after purchasing an additional 582,254 shares during the period. Northern Trust Corp grew its position in PepsiCo by 8.7% during the fourth quarter. Northern Trust Corp now owns 16,403,395 shares of the company's stock worth $2,494,300,000 after buying an additional 1,306,818 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in PepsiCo by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company's stock valued at $2,108,585,000 after acquiring an additional 49,699 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of PepsiCo by 7.4% during the 4th quarter. Capital Research Global Investors now owns 12,048,646 shares of the company's stock worth $1,832,116,000 after purchasing an additional 831,148 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of PepsiCo by 3.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,317,520 shares of the company's stock worth $1,720,942,000 after purchasing an additional 416,537 shares during the period. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Trading Down 0.7%

PEP stock traded down $1.03 during mid-day trading on Wednesday, reaching $142.86. The company's stock had a trading volume of 9,730,855 shares, compared to its average volume of 8,992,737. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $180.91. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The business's 50 day moving average price is $134.27 and its 200 day moving average price is $140.98. The company has a market cap of $195.59 billion, a price-to-earnings ratio of 26.02, a price-to-earnings-growth ratio of 3.83 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly 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. The business had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The business's quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the company posted $2.28 earnings per share. On average, equities research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's payout ratio is 103.64%.

Analyst Ratings Changes

PEP has been the topic of a number of analyst reports. Barclays increased their price objective on shares of PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research note on Monday, July 21st. UBS Group decreased their price objective on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $148.00 target price on shares of PepsiCo in a report on Tuesday, June 24th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, Morgan Stanley raised their price target on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $158.73.

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.