Town & Country Bank & Trust CO dba First Bankers Trust CO reduced its stake in shares of Pepsico, Inc. (NYSE:PEP) by 1.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,797 shares of the company’s stock after selling 855 shares during the quarter. Pepsico comprises 3.1% of Town & Country Bank & Trust CO dba First Bankers Trust CO’s portfolio, making the stock its 3rd biggest position. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Pepsico were worth $5,751,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently bought and sold shares of the company. Asset Planning Services Ltd. grew its position in shares of Pepsico by 66.1% in the 1st quarter. Asset Planning Services Ltd. now owns 1,003 shares of the company’s stock valued at $112,000 after purchasing an additional 399 shares during the period. Riggs Asset Managment Co. Inc. grew its position in shares of Pepsico by 14.9% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 1,270 shares of the company’s stock valued at $142,000 after purchasing an additional 165 shares during the period. Millie Capital Management LLC acquired a new position in shares of Pepsico in the 1st quarter valued at approximately $202,000. Granite Investment Advisors LLC acquired a new position in shares of Pepsico in the 1st quarter valued at approximately $204,000. Finally, Spectrum Management Group Inc. acquired a new position in shares of Pepsico in the 1st quarter valued at approximately $205,000. Institutional investors own 70.17% of the company’s stock.
Several equities analysts recently issued reports on the company. BidaskClub upgraded Pepsico from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Zacks Investment Research upgraded Pepsico from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a research report on Tuesday, August 22nd. Credit Suisse Group lowered Pepsico from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $126.00 to $124.00 in a research report on Friday, September 8th. Royal Bank Of Canada reiterated a “hold” rating and issued a $115.00 price objective on shares of Pepsico in a research report on Wednesday, September 6th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $120.00 price objective on shares of Pepsico in a research report on Wednesday, September 6th. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $121.71.
In other news, Chairman Indra K. Nooyi sold 452,830 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $116.44, for a total value of $52,727,525.20. Following the transaction, the chairman now owns 733,315 shares in the company, valued at $85,387,198.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Marie T. Gallagher sold 41,489 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $116.77, for a total value of $4,844,670.53. Following the completion of the transaction, the senior vice president now owns 76,037 shares in the company, valued at approximately $8,878,840.49. The disclosure for this sale can be found here. Insiders sold 898,164 shares of company stock worth $104,585,929 in the last 90 days. Corporate insiders own 0.26% of the company’s stock.
Shares of Pepsico, Inc. (PEP) traded up 0.668% during midday trading on Tuesday, hitting $110.745. The stock had a trading volume of 1,415,707 shares. The firm has a market cap of $157.50 billion, a P/E ratio of 22.886 and a beta of 0.68. The company’s 50 day moving average is $113.89 and its 200 day moving average is $114.75. Pepsico, Inc. has a 52 week low of $98.50 and a 52 week high of $119.39.
Pepsico (NYSE:PEP) last announced its quarterly earnings data on Wednesday, October 4th. The company reported $1.48 EPS for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.05. Pepsico had a return on equity of 59.68% and a net margin of 10.97%. The firm had revenue of $16.24 billion during the quarter, compared to analysts’ expectations of $16.35 billion. During the same quarter last year, the firm posted $1.40 earnings per share. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, equities analysts predict that Pepsico, Inc. will post $5.22 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 1st were issued a $0.805 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.93%. Pepsico’s dividend payout ratio is presently 66.53%.
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PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).
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