Pioneer Trust Bank N A OR lowered its stake in PepsiCo, Inc. (NASDAQ:PEP) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,993 shares of the company’s stock after selling 510 shares during the quarter. PepsiCo accounts for approximately 3.4% of Pioneer Trust Bank N A OR’s portfolio, making the stock its 5th largest position. Pioneer Trust Bank N A OR’s holdings in PepsiCo were worth $6,955,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. First National Bank of Mount Dora Trust Investment Services bought a new stake in shares of PepsiCo in the 4th quarter valued at $201,000. Bouchey Financial Group Ltd bought a new stake in shares of PepsiCo in the 4th quarter valued at $214,000. Oakmont Partners LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at $220,000. KCS Wealth Advisory bought a new stake in shares of PepsiCo in the 4th quarter valued at $239,000. Finally, White Lighthouse Investment Management Inc. bought a new stake in shares of PepsiCo in the 4th quarter valued at $240,000. Institutional investors own 70.93% of the company’s stock.
PepsiCo, Inc. (NASDAQ PEP) opened at $112.75 on Tuesday. The company has a debt-to-equity ratio of 3.03, a quick ratio of 1.37 and a current ratio of 1.51. The stock has a market cap of $160,090.00, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 2.68 and a beta of 0.69. PepsiCo, Inc. has a fifty-two week low of $106.19 and a fifty-two week high of $122.51.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 2nd will be issued a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Thursday, March 1st. PepsiCo’s dividend payout ratio is 63.26%.
PepsiCo declared that its board has initiated a share buyback program on Tuesday, February 13th that permits the company to buyback $15.00 billion in outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
Several analysts have recently weighed in on PEP shares. Wells Fargo & Co lifted their price objective on shares of PepsiCo from $110.00 to $115.00 and gave the company a “market perform” rating in a research note on Thursday, January 4th. JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $127.00 to $124.00 and set an “overweight” rating for the company in a research report on Wednesday, February 14th. Cowen reissued a “buy” rating and issued a $133.00 price target on shares of PepsiCo in a research report on Tuesday, January 9th. Deutsche Bank began coverage on shares of PepsiCo in a research report on Wednesday, December 13th. They issued a “buy” rating and a $132.00 price target for the company. Finally, Zacks Investment Research raised shares of PepsiCo from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $123.04.
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PepsiCo Company Profile
PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).
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