VNBTrust National Association decreased its stake in shares of PepsiCo Inc. (NYSE:PEP) by 0.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,635 shares of the company’s stock after selling 30 shares during the period. PepsiCo accounts for about 1.2% of VNBTrust National Association’s portfolio, making the stock its 26th largest position. VNBTrust National Association’s holdings in PepsiCo were worth $2,027,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in PEP. Wellington Management Group LLP increased its position in shares of PepsiCo by 40.9% in the first quarter. Wellington Management Group LLP now owns 21,691,078 shares of the company’s stock worth $2,222,902,000 after buying an additional 6,297,861 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of PepsiCo during the second quarter worth $519,379,000. Emerald Acquisition Ltd. purchased a new position in shares of PepsiCo during the second quarter worth $370,675,000. Winslow Capital Management LLC purchased a new position in shares of PepsiCo during the second quarter worth $358,422,000. Finally, Vanguard Group Inc. increased its position in shares of PepsiCo by 2.3% in the second quarter. Vanguard Group Inc. now owns 100,515,744 shares of the company’s stock worth $10,648,637,000 after buying an additional 2,290,350 shares in the last quarter. 69.19% of the stock is owned by hedge funds and other institutional investors.
Shares of PepsiCo Inc. (NYSE:PEP) traded up 0.61% during mid-day trading on Monday, reaching $102.79. 5,556,921 shares of the company’s stock traded hands. The stock has a market cap of $147.42 billion, a price-to-earnings ratio of 22.55 and a beta of 0.54. PepsiCo Inc. has a 12-month low of $93.25 and a 12-month high of $110.94. The firm’s 50 day moving average price is $105.13 and its 200-day moving average price is $105.79.
PepsiCo (NYSE:PEP) last posted its earnings results on Thursday, September 29th. The company reported $1.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.08. The business had revenue of $16 billion for the quarter. PepsiCo had a net margin of 10.74% and a return on equity of 56.16%. The business’s revenue was down 1.9% on a year-over-year basis. During the same period last year, the company posted $1.35 EPS. Equities research analysts forecast that PepsiCo Inc. will post $4.81 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 6th. Investors of record on Friday, December 2nd will be issued a dividend of $0.7525 per share. This represents a $3.01 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Wednesday, November 30th. PepsiCo’s dividend payout ratio (DPR) is presently 66.01%.
A number of equities analysts recently weighed in on PEP shares. Bank of America Corp. reissued a “buy” rating and set a $120.00 target price on shares of PepsiCo in a research note on Thursday, September 22nd. Credit Suisse Group AG initiated coverage on shares of PepsiCo in a research note on Thursday, September 15th. They set an “outperform” rating and a $121.00 target price for the company. reaffirmed an “outperform” rating on shares of PepsiCo in a research note on Monday, August 22nd. Zacks Investment Research raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a research note on Tuesday, November 22nd. Finally, Vetr raised shares of PepsiCo from a “buy” rating to a “strong-buy” rating and set a $113.72 price target for the company in a research note on Tuesday, November 15th. Nine investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $113.71.
PepsiCo Company Profile
PepsiCo, Inc is a food and beverage company. The Company, through its operations, bottlers, contract manufacturers and other third parties, is engaged in making, marketing, distributing and selling a range of beverages, foods and snacks, serving in over 200 countries and territories. The Company operates through six segments, namely, Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); North America Beverages (NAB); Latin America, which includes its beverage, food and snack businesses in Latin America; Europe Sub-Saharan Africa (ESSA), which includes its beverage, food and snack businesses in Europe and Sub-Saharan Africa, and Asia, Middle East and North Africa (AMENA), which includes its beverage, food and snack businesses in Asia, Middle East and North Africa.