CENTRAL TRUST Co Has $35.53 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

CENTRAL TRUST Co decreased its stake in shares of PepsiCo, Inc. (NASDAQ:PEPFree Report) by 2.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 203,029 shares of the company’s stock after selling 4,049 shares during the period. PepsiCo accounts for about 0.9% of CENTRAL TRUST Co’s portfolio, making the stock its 28th largest holding. CENTRAL TRUST Co’s holdings in PepsiCo were worth $35,532,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. V Square Quantitative Management LLC increased its position in PepsiCo by 1.1% during the first quarter. V Square Quantitative Management LLC now owns 16,400 shares of the company’s stock worth $2,870,000 after acquiring an additional 180 shares during the period. Alta Advisers Ltd raised its position in shares of PepsiCo by 5.7% in the first quarter. Alta Advisers Ltd now owns 3,700 shares of the company’s stock valued at $648,000 after buying an additional 200 shares in the last quarter. Oxler Private Wealth LLC boosted its stake in shares of PepsiCo by 269.1% in the first quarter. Oxler Private Wealth LLC now owns 14,716 shares of the company’s stock valued at $2,575,000 after buying an additional 10,729 shares during the period. Fulcrum Equity Management grew its position in PepsiCo by 20.4% during the first quarter. Fulcrum Equity Management now owns 3,558 shares of the company’s stock worth $623,000 after buying an additional 603 shares in the last quarter. Finally, Conscious Wealth Investments LLC acquired a new position in PepsiCo in the 1st quarter valued at $2,300,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on PEP shares. Wedbush restated an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a research report on Tuesday, April 23rd. Jefferies Financial Group boosted their target price on shares of PepsiCo from $209.00 to $211.00 and gave the company a “buy” rating in a research report on Thursday, May 16th. Barclays lifted their price objective on shares of PepsiCo from $184.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Deutsche Bank Aktiengesellschaft upped their target price on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. Finally, JPMorgan Chase & Co. lifted their price target on PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $187.58.

Read Our Latest Stock Analysis on PEP

Insider Activity

In other news, CEO Ramkumar Krishnan sold 5,620 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $178.00, for a total value of $1,000,360.00. Following the transaction, the chief executive officer now owns 53,953 shares in the company, valued at approximately $9,603,634. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.14% of the company’s stock.

PepsiCo Trading Up 0.4 %

Shares of PEP stock traded up $0.77 during mid-day trading on Tuesday, reaching $181.08. 3,127,518 shares of the stock traded hands, compared to its average volume of 5,515,910. The stock’s fifty day simple moving average is $173.68 and its two-hundred day simple moving average is $169.91. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $192.38. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. The company has a market cap of $248.95 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 2.97 and a beta of 0.52.

PepsiCo (NASDAQ:PEPGet Free Report) last posted its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. The firm had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.50 EPS. On average, research analysts anticipate that PepsiCo, Inc. will post 8.17 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be issued a dividend of $1.355 per share. The ex-dividend date is Friday, June 7th. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 annualized dividend and a yield of 2.99%. PepsiCo’s payout ratio is presently 76.09%.

PepsiCo Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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