First Interstate Bank Has $4.79 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

First Interstate Bank reduced its position in PepsiCo, Inc. (NASDAQ:PEP) by 4.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 28,190 shares of the company’s stock after selling 1,175 shares during the period. First Interstate Bank’s holdings in PepsiCo were worth $4,788,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in PEP. Moneta Group Investment Advisors LLC grew its stake in shares of PepsiCo by 95,514.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 42,876,248 shares of the company’s stock worth $7,746,023,000 after purchasing an additional 42,831,405 shares during the period. Morgan Stanley grew its stake in shares of PepsiCo by 21.0% during the fourth quarter. Morgan Stanley now owns 26,720,027 shares of the company’s stock worth $4,827,240,000 after purchasing an additional 4,629,947 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of PepsiCo by 5.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 18,423,845 shares of the company’s stock worth $3,121,736,000 after purchasing an additional 920,032 shares during the period. Northern Trust Corp lifted its holdings in PepsiCo by 3.7% during the third quarter. Northern Trust Corp now owns 16,878,022 shares of the company’s stock worth $2,859,812,000 after acquiring an additional 595,357 shares in the last quarter. Finally, Norges Bank bought a new position in PepsiCo during the fourth quarter worth about $2,519,707,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Performance

Shares of PepsiCo stock traded up $0.55 on Tuesday, hitting $167.50. The stock had a trading volume of 4,568,835 shares, compared to its average volume of 5,747,456. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 2.02. The stock has a market cap of $230.23 billion, a price-to-earnings ratio of 25.61, a price-to-earnings-growth ratio of 2.64 and a beta of 0.53. The business’s 50 day moving average is $168.70 and its two-hundred day moving average is $167.38. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $196.88.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.06. The business had revenue of $27.84 billion during the quarter, compared to analysts’ expectations of $28.40 billion. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.67 earnings per share. Analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were paid a dividend of $1.265 per share. This represents a $5.06 annualized dividend and a yield of 3.02%. The ex-dividend date was Thursday, February 29th. PepsiCo’s payout ratio is presently 77.02%.

Analyst Ratings Changes

PEP has been the topic of several recent analyst reports. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. JPMorgan Chase & Co. lowered PepsiCo from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $185.00 to $176.00 in a report on Tuesday, December 19th. Royal Bank of Canada reiterated a “sector perform” rating and set a $180.00 target price on shares of PepsiCo in a report on Monday, February 12th. Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and boosted their price target for the company from $180.00 to $195.00 in a report on Monday, February 12th. Finally, Barclays boosted their price target on PepsiCo from $183.00 to $184.00 and gave the company an “overweight” rating in a report on Friday. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $186.92.

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.