NBT Bank N A NY Sells 3,327 Shares of PepsiCo, Inc. (NASDAQ:PEP)

NBT Bank N A NY lowered its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,178 shares of the company's stock after selling 3,327 shares during the period. PepsiCo makes up 0.9% of NBT Bank N A NY's holdings, making the stock its 25th largest position. NBT Bank N A NY's holdings in PepsiCo were worth $12,022,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of PEP. TAGStone Capital Inc. grew its stake in PepsiCo by 2.8% in the 4th quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock valued at $388,000 after purchasing an additional 70 shares during the period. Lokken Investment Group LLC grew its position in PepsiCo by 0.9% during the fourth quarter. Lokken Investment Group LLC now owns 7,699 shares of the company's stock valued at $1,171,000 after buying an additional 70 shares during the period. Legacy Financial Group LLC increased its holdings in PepsiCo by 4.9% during the first quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock worth $227,000 after buying an additional 71 shares during the last quarter. Atlantic Private Wealth LLC boosted its stake in PepsiCo by 37.5% in the fourth quarter. Atlantic Private Wealth LLC now owns 275 shares of the company's stock valued at $42,000 after acquiring an additional 75 shares during the last quarter. Finally, Pflug Koory LLC grew its position in shares of PepsiCo by 1.0% during the 1st quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock valued at $1,162,000 after acquiring an additional 76 shares during the period. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Price Performance

PEP traded down $2.12 on Tuesday, reaching $129.29. The company had a trading volume of 10,168,765 shares, compared to its average volume of 6,709,135. PepsiCo, Inc. has a 52-week low of $127.75 and a 52-week high of $180.91. The company has a market cap of $177.27 billion, a price-to-earnings ratio of 18.60, a P/E/G ratio of 3.09 and a beta of 0.45. 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 business has a 50 day simple moving average of $134.45 and a 200 day simple moving average of $144.73.

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). The firm had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.61 EPS. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, June 6th. This is an increase from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a dividend yield of 4.40%. PepsiCo's dividend payout ratio (DPR) is 83.68%.

Analyst Ratings Changes

PEP has been the subject of several research reports. Bank of America reduced their price objective on PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a report on Friday, April 25th. JPMorgan Chase & Co. lifted their price objective on PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a report on Monday, April 21st. Jefferies Financial Group cut PepsiCo from a "buy" rating to a "hold" rating and lowered their price objective for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. Evercore ISI set a $140.00 target price on shares of PepsiCo in a research report on Thursday, April 24th. Finally, Morgan Stanley lowered their price target on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, PepsiCo currently has a consensus rating of "Hold" and an average target price of $160.69.

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.