Pioneer Trust Bank N A OR Trims Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Pioneer Trust Bank N A OR lowered its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 9.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 52,432 shares of the company's stock after selling 5,635 shares during the period. PepsiCo makes up about 2.1% of Pioneer Trust Bank N A OR's portfolio, making the stock its 17th largest position. Pioneer Trust Bank N A OR's holdings in PepsiCo were worth $7,862,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. WealthTrak Capital Management LLC purchased a new stake in PepsiCo during the 4th quarter worth approximately $28,000. Elite Financial Inc. purchased a new stake in shares of PepsiCo during the first quarter valued at $28,000. Prudent Man Investment Management Inc. acquired a new position in shares of PepsiCo in the 4th quarter valued at $30,000. Measured Risk Portfolios Inc. purchased a new position in PepsiCo in the 4th quarter worth $31,000. Finally, Summit Securities Group LLC acquired a new stake in PepsiCo during the 4th quarter worth about $33,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Dbs Bank cut PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Royal Bank Of Canada restated a "sector perform" rating and set a $148.00 price objective on shares of PepsiCo in a research note on Tuesday, June 24th. Evercore ISI set a $140.00 price objective on shares of PepsiCo in a research note on Thursday, April 24th. Morgan Stanley reduced their target price on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Finally, UBS Group lowered their price target on shares of PepsiCo from $175.00 to $169.00 and set a "buy" 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 issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $158.19.

PepsiCo Price Performance

Shares of PepsiCo stock traded up $0.31 on Monday, reaching $135.57. The company's stock had a trading volume of 8,477,672 shares, compared to its average volume of 8,400,400. The stock has a 50-day moving average price of $131.49 and a 200-day moving average price of $141.50. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $180.91. The company has a market capitalization of $185.88 billion, a P/E ratio of 19.94, a PEG ratio of 4.23 and a beta of 0.45. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its 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 for the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. PepsiCo's revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.61 EPS. Analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were given a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.20%. This is a boost from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend was Friday, June 6th. PepsiCo's dividend payout ratio is 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.