7,917 Shares in PepsiCo, Inc. (NASDAQ:PEP) Purchased by Texas Bank & Trust Co

Texas Bank & Trust Co acquired a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 7,917 shares of the company's stock, valued at approximately $1,204,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tcfg Wealth Management LLC increased its stake in shares of PepsiCo by 3.5% in the fourth quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company's stock worth $295,000 after purchasing an additional 66 shares in the last quarter. Lincoln Capital LLC grew its stake in PepsiCo by 0.4% in the 4th quarter. Lincoln Capital LLC now owns 16,808 shares of the company's stock valued at $2,556,000 after buying an additional 70 shares in the last quarter. Marshall Financial Group LLC raised its holdings in PepsiCo by 2.3% during the 4th quarter. Marshall Financial Group LLC now owns 3,128 shares of the company's stock valued at $476,000 after acquiring an additional 70 shares during the period. Osprey Private Wealth LLC lifted its position in shares of PepsiCo by 0.5% during the fourth quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company's stock worth $2,290,000 after acquiring an additional 70 shares in the last quarter. Finally, TAGStone Capital Inc. boosted its holdings in shares of PepsiCo by 2.8% in the fourth quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock worth $388,000 after acquiring an additional 70 shares during the period. 73.07% of the stock is owned by institutional investors.

PepsiCo Price Performance

NASDAQ PEP traded up $0.01 on Tuesday, reaching $131.80. 7,604,517 shares of the company's stock traded hands, compared to its average volume of 6,408,905. The stock has a market cap of $180.71 billion, a PE ratio of 18.96, a P/E/G ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a 12 month low of $127.87 and a 12 month high of $182.13. The stock has a 50-day simple moving average of $141.05 and a 200 day simple moving average of $149.19. 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 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). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 billion. During the same quarter in the previous year, the company earned $1.61 earnings per share. The business's quarterly revenue was down 1.8% on a year-over-year basis. As a group, research analysts predict 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. Investors of record on Friday, June 6th will be issued a dividend of $1.4225 per share. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date is Friday, June 6th. PepsiCo's dividend payout ratio is currently 83.68%.

Analyst Upgrades and Downgrades

PEP has been the topic of a number of recent research reports. Evercore ISI set a $140.00 price objective on PepsiCo in a report on Thursday, April 24th. Bank of America decreased their target price on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. HSBC cut their price target on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a report on Tuesday, February 4th. UBS Group lowered their price objective on PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. boosted their target price on PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a research report on Monday, April 21st. One equities 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 data from MarketBeat.com, PepsiCo presently has an average rating of "Hold" and an average price target of $160.69.

About PepsiCo

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.