PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by NBT Bank N A NY

NBT Bank N A NY trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP – Get Rating) by 2.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 57,762 shares of the company’s stock after selling 1,729 shares during the quarter. PepsiCo makes up 1.5% of NBT Bank N A NY’s holdings, making the stock its 14th biggest holding. NBT Bank N A NY’s holdings in PepsiCo were worth $10,435,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of PEP. Clear Investment Research LLC purchased a new position in PepsiCo during the fourth quarter worth about $25,000. Legend Financial Advisors Inc. boosted its stake in PepsiCo by 125.7% during the fourth quarter. Legend Financial Advisors Inc. now owns 167 shares of the company’s stock worth $30,000 after buying an additional 93 shares during the period. Red Tortoise LLC purchased a new position in PepsiCo during the fourth quarter worth about $30,000. CarsonAllaria Wealth Management Ltd. boosted its stake in PepsiCo by 604.0% during the fourth quarter. CarsonAllaria Wealth Management Ltd. now owns 176 shares of the company’s stock worth $32,000 after buying an additional 151 shares during the period. Finally, Mendota Financial Group LLC purchased a new position in PepsiCo during the fourth quarter worth about $38,000. 70.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PEP. Royal Bank of Canada raised their price objective on shares of PepsiCo from $175.00 to $178.00 in a research note on Wednesday, April 26th. StockNews.com initiated coverage on shares of PepsiCo in a report on Thursday, May 18th. They issued a “buy” rating on the stock. Sanford C. Bernstein raised shares of PepsiCo from an “underperform” rating to a “market perform” rating in a report on Monday, March 20th. Morgan Stanley raised their target price on shares of PepsiCo from $200.00 to $210.00 in a report on Tuesday, April 25th. Finally, Wells Fargo & Company raised their target price on shares of PepsiCo from $187.00 to $196.00 in a report on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $190.25.

Insider Transactions at PepsiCo

In related news, Director Robert C. Pohlad sold 75,000 shares of PepsiCo stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $172.47, for a total value of $12,935,250.00. Following the transaction, the director now directly owns 183,929 shares in the company, valued at approximately $31,722,234.63. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Ramkumar Krishnan sold 16,827 shares of PepsiCo stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $172.70, for a total value of $2,906,022.90. Following the transaction, the chief executive officer now directly owns 49,000 shares in the company, valued at approximately $8,462,300. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert C. Pohlad sold 75,000 shares of PepsiCo stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $172.47, for a total transaction of $12,935,250.00. Following the completion of the transaction, the director now owns 183,929 shares in the company, valued at $31,722,234.63. The disclosure for this sale can be found here. Insiders own 0.15% of the company’s stock.

PepsiCo Stock Down 0.1 %

PEP stock traded down $0.26 during midday trading on Friday, reaching $183.54. 1,660,352 shares of the company were exchanged, compared to its average volume of 4,396,846. The company has a debt-to-equity ratio of 2.18, a quick ratio of 0.65 and a current ratio of 0.87. The company has a market cap of $252.86 billion, a price-to-earnings ratio of 38.71, a price-to-earnings-growth ratio of 3.23 and a beta of 0.53. The stock’s 50-day simple moving average is $187.60 and its 200 day simple moving average is $179.52. PepsiCo, Inc. has a 1-year low of $154.86 and a 1-year high of $196.88.

PepsiCo (NASDAQ:PEP – Get Rating) last announced its earnings results on Tuesday, April 25th. The company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.13. The business had revenue of $17.85 billion for the quarter, compared to analyst estimates of $17.27 billion. PepsiCo had a net margin of 7.48% and a return on equity of 53.68%. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the firm posted $1.29 earnings per share. On average, equities analysts forecast that PepsiCo, Inc. will post 7.3 earnings per share for the current year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 2nd will be given a dividend of $1.265 per share. The ex-dividend date is Thursday, June 1st. This is a positive change from PepsiCo’s previous quarterly dividend of $1.15. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.76%. PepsiCo’s dividend payout ratio (DPR) is 96.84%.

About PepsiCo

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PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of beverages, food, and snacks. It operates through the following business segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), PepsiCo Beverages North America (PBNA), Latin America (LatAm), Europe, Africa, Middle East, and South Asia (AMESA), and Asia Pacific, Australia and New Zealand, and China Region (APAC).