Sanibel Captiva Trust Company Inc. Has $26.61 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Sanibel Captiva Trust Company Inc. decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 177,441 shares of the company's stock after selling 8,353 shares during the quarter. Sanibel Captiva Trust Company Inc.'s holdings in PepsiCo were worth $26,606,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of PEP. Norges Bank acquired a new position in shares of PepsiCo in the fourth quarter valued at approximately $2,729,565,000. GAMMA Investing LLC increased its holdings in PepsiCo by 19,106.5% during the 1st quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock worth $688,017,000 after purchasing an additional 4,564,723 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of PepsiCo in the 4th quarter worth approximately $589,307,000. Charles Schwab Investment Management Inc. grew its holdings in shares of PepsiCo by 18.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock valued at $3,834,504,000 after purchasing an additional 3,856,193 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of PepsiCo during the fourth quarter worth approximately $221,297,000. Institutional investors and hedge funds own 73.07% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PEP. Citigroup decreased their target price on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Royal Bank of Canada reissued a "sector perform" rating and issued a $163.00 price objective on shares of PepsiCo in a research note on Tuesday, April 22nd. Evercore ISI set a $140.00 price target on PepsiCo in a research report on Thursday, April 24th. Bank of America reduced their target price on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Finally, Dbs Bank cut shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $160.69.

PepsiCo Trading Up 1.8%

NASDAQ PEP traded up $2.40 on Thursday, hitting $132.30. 11,141,773 shares of the company were exchanged, compared to its average volume of 6,645,462. The firm has a market capitalization of $181.39 billion, a P/E ratio of 19.04, a price-to-earnings-growth ratio of 3.09 and a beta of 0.45. PepsiCo, Inc. has a twelve month low of $127.75 and a twelve month high of $180.91. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The company's 50 day moving average price is $135.04 and its 200-day moving average price is $145.63.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.01). The company had revenue of $17.92 billion during 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%. The business's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.61 earnings per share. Analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given a dividend of $1.4225 per share. This is an increase from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 annualized dividend and a dividend yield of 4.30%. 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.