PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,739 shares of the company’s stock after selling 1,150 shares during the period. PepsiCo makes up about 1.0% of Trust Co. of Toledo NA OH’s portfolio, making the stock its 22nd biggest position. Trust Co. of Toledo NA OH’s holdings in PepsiCo were worth $7,908,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in shares of PepsiCo during the 4th quarter valued at approximately $2,729,565,000. GAMMA Investing LLC increased its holdings in PepsiCo by 19,106.5% in the 1st quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company’s stock worth $688,017,000 after acquiring an additional 4,564,723 shares in the last quarter. Raymond James Financial Inc. acquired a new position in PepsiCo during the fourth quarter worth $589,307,000. Charles Schwab Investment Management Inc. raised its position in PepsiCo by 18.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company’s stock worth $3,834,504,000 after acquiring an additional 3,856,193 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in PepsiCo by 106.1% during the first quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company’s stock worth $527,034,000 after acquiring an additional 1,809,391 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Down 1.1%

Shares of NASDAQ PEP opened at $130.85 on Friday. The company has a 50 day simple moving average of $134.63 and a 200-day simple moving average of $145.08. The company has a market capitalization of $179.41 billion, a P/E ratio of 18.83, a P/E/G ratio of 3.09 and a beta of 0.45. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. PepsiCo, Inc. has a 1 year low of $127.75 and a 1 year high of $180.91.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same quarter last year, the business posted $1.61 EPS. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. On average, equities research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 4.35%. The ex-dividend date is Friday, June 6th. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s dividend payout ratio (DPR) is currently 83.68%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Dbs Bank cut shares of PepsiCo from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 9th. Bank of America reduced their price objective on shares of PepsiCo from $155.00 to $150.00 and set a “neutral” rating for the company in a research report on Friday, April 25th. UBS Group reduced their price objective on shares of PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Barclays reduced their price objective on shares of PepsiCo from $143.00 to $135.00 and set an “equal weight” rating for the company in a research report on Monday, April 28th. Finally, JPMorgan Chase & Co. upped their target price on shares of PepsiCo from $158.00 to $159.00 and gave the stock a “neutral” rating in a report on Monday, April 21st. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and an average price target of $160.69.

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.