PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Colonial Trust Co SC

Colonial Trust Co SC boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 6.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,943 shares of the company's stock after purchasing an additional 2,335 shares during the quarter. PepsiCo comprises approximately 0.9% of Colonial Trust Co SC's portfolio, making the stock its 29th biggest position. Colonial Trust Co SC's holdings in PepsiCo were worth $6,226,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Ossiam increased its position in PepsiCo by 138.9% during the 4th quarter. Ossiam now owns 73,604 shares of the company's stock worth $11,192,000 after purchasing an additional 42,793 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of PepsiCo by 104.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,705,574 shares of the company's stock worth $259,350,000 after purchasing an additional 870,451 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV increased its position in shares of PepsiCo by 12.8% during the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company's stock valued at $6,323,000 after purchasing an additional 4,712 shares during the period. Hutner Capital Management Inc. lifted its stake in PepsiCo by 14.6% during the fourth quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company's stock valued at $8,178,000 after purchasing an additional 6,865 shares during the last quarter. Finally, Guinness Asset Management LTD grew its holdings in shares of PepsiCo by 5.2% during the fourth quarter. Guinness Asset Management LTD now owns 1,236,788 shares of the company's stock valued at $188,031,000 after buying an additional 61,541 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

PEP stock opened at $130.74 on Wednesday. PepsiCo, Inc. has a one year low of $130.16 and a one year high of $183.41. The firm has a 50-day simple moving average of $145.13 and a two-hundred day simple moving average of $151.78. 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 firm has a market cap of $179.25 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its 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 firm had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company'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 earnings per share. On average, equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 4.35%. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio is 79.71%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PEP. TD Cowen lowered their price target on shares of PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. Barclays dropped their price target on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Citigroup lowered their price target on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. UBS Group dropped their target price 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. Finally, Wells Fargo & Company dropped their price objective on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.