PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 28.5% in the first quarter, Holdings Channel.com reports. The fund owned 22,000 shares of the company’s stock after acquiring an additional 4,875 shares during the quarter. Inspire Trust Co. N.A.’s holdings in PepsiCo were worth $3,299,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of PepsiCo by 1.4% during the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company’s stock worth $20,268,027,000 after buying an additional 1,802,748 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of PepsiCo by 5.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company’s stock worth $3,969,698,000 after buying an additional 1,258,198 shares during the period. Northern Trust Corp boosted its position in shares of PepsiCo by 8.7% during the fourth quarter. Northern Trust Corp now owns 16,403,395 shares of the company’s stock worth $2,494,300,000 after buying an additional 1,306,818 shares during the period. Bank of New York Mellon Corp boosted its position in shares of PepsiCo by 0.4% during the first quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company’s stock worth $2,108,585,000 after buying an additional 49,699 shares during the period. Finally, Capital Research Global Investors boosted its position in shares of PepsiCo by 7.4% during the fourth quarter. Capital Research Global Investors now owns 12,048,646 shares of the company’s stock worth $1,832,116,000 after buying an additional 831,148 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $149.35 on Thursday. The business’s 50 day simple moving average is $136.64 and its 200-day simple moving average is $140.67. The firm has a market capitalization of $204.47 billion, a price-to-earnings ratio of 27.20, a price-to-earnings-growth ratio of 3.91 and a beta of 0.45. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $179.73.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. The business had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.28 EPS. As a group, equities analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. PepsiCo’s payout ratio is 103.64%.

Analyst Ratings Changes

Several research analysts have recently commented on PEP shares. Morgan Stanley raised their price target on PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. JPMorgan Chase & Co. decreased their target price on PepsiCo from $150.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, July 10th. Dbs Bank lowered PepsiCo from a “strong-buy” rating to a “hold” rating in a report on Friday, May 9th. Barclays lifted their target price on PepsiCo from $132.00 to $144.00 and gave the company an “equal weight” rating in a report on Monday, July 21st. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $148.00 target price on shares of PepsiCo in a report on Tuesday, June 24th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $158.73.

PepsiCo 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.