PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 39.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,125 shares of the company's stock after purchasing an additional 4,825 shares during the quarter. Inspire Trust Co. N.A.'s holdings in PepsiCo were worth $2,604,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

PEP has been the topic of a number of recent analyst reports. Royal Bank of Canada reiterated a "sector perform" rating and issued a $163.00 price objective on shares of PepsiCo in a research note on Tuesday, April 22nd. Barclays dropped their target price on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. HSBC reduced their price target on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research report on Tuesday, February 4th. Citigroup decreased their target price on PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, BNP Paribas lowered their price target on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $160.69.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $130.15 on Thursday. The stock has a market capitalization of $178.45 billion, a price-to-earnings ratio of 18.73, a PEG ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a fifty-two week low of $127.87 and a fifty-two week high of $182.13. The business has a 50-day moving average of $140.35 and a 200-day moving average of $148.94. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced 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). The business had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. PepsiCo's quarterly revenue was down 1.8% compared to the same quarter last year. During the same period last year, the firm earned $1.61 EPS. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders 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 yield of 4.37%. This is a positive change 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 is currently 83.68%.

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.

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