Heartland Bank & Trust Co boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 106.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,736 shares of the company's stock after purchasing an additional 2,962 shares during the period. Heartland Bank & Trust Co's holdings in PepsiCo were worth $860,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. WealthTrak Capital Management LLC acquired a new stake in shares of PepsiCo in the 4th quarter valued at $28,000. Prudent Man Investment Management Inc. acquired a new stake in shares of PepsiCo in the 4th quarter valued at $30,000. Measured Risk Portfolios Inc. acquired a new stake in shares of PepsiCo in the 4th quarter valued at $31,000. Summit Securities Group LLC acquired a new stake in shares of PepsiCo in the 4th quarter valued at $33,000. Finally, GKV Capital Management Co. Inc. acquired a new stake in shares of PepsiCo in the 4th quarter valued at $38,000. 73.07% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
PEP has been the subject of several research reports. JPMorgan Chase & Co. lifted their target price on PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research note on Monday, April 21st. Morgan Stanley reduced their price target on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. Jefferies Financial Group lowered PepsiCo from a "buy" rating to a "hold" rating and reduced their price target for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. Dbs Bank lowered PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Finally, Royal Bank Of Canada restated a "sector perform" rating and issued a $163.00 price target on shares of PepsiCo in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $160.69.
Get Our Latest Research Report on PepsiCo
PepsiCo Stock Performance
PEP stock opened at $129.07 on Friday. The business's 50-day moving average price is $133.19 and its two-hundred day moving average price is $143.95. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 2.13. The firm has a market cap of $176.97 billion, a PE ratio of 18.98, a P/E/G ratio of 3.71 and a beta of 0.45. PepsiCo, Inc. has a 1-year low of $127.75 and a 1-year high of $180.91.
PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). The firm had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The business's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.61 earnings per share. As a group, research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.
PepsiCo Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.41%. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. PepsiCo's payout ratio is 83.68%.
About PepsiCo
(
Free Report)
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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