First National Bank & Trust Co. of Newtown Decreases Holdings in PepsiCo, Inc. (NASDAQ:PEP)

First National Bank & Trust Co. of Newtown trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 7.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,176 shares of the company’s stock after selling 3,064 shares during the period. PepsiCo accounts for about 1.2% of First National Bank & Trust Co. of Newtown’s holdings, making the stock its 13th biggest holding. First National Bank & Trust Co. of Newtown’s holdings in PepsiCo were worth $5,805,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of PEP. Highline Wealth Partners LLC acquired a new stake in PepsiCo during the third quarter worth about $28,000. Collier Financial acquired a new stake in PepsiCo during the fourth quarter worth about $28,000. Creative Capital Management Investments LLC acquired a new stake in PepsiCo during the fourth quarter worth about $30,000. Legacy Investment Solutions LLC acquired a new stake in PepsiCo during the third quarter worth about $31,000. Finally, Rakuten Securities Inc. increased its position in PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after purchasing an additional 96 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Up 1.2 %

Shares of PepsiCo stock opened at $145.81 on Thursday. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The company has a 50 day moving average of $149.16 and a 200 day moving average of $162.60. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $199.98 billion, a P/E ratio of 20.98, a P/E/G ratio of 2.97 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter in the previous year, the firm earned $1.78 earnings per share. The firm’s quarterly revenue was down .2% on a year-over-year basis. As a group, research analysts forecast that PepsiCo, Inc. will post 8.34 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.72%. PepsiCo’s payout ratio is currently 77.99%.

Analyst Ratings Changes

Several research firms recently issued reports on PEP. Barclays cut their price objective on shares of PepsiCo from $158.00 to $153.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Evercore ISI dropped their price target on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. Piper Sandler assumed coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target for the company. HSBC dropped their price target on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. Finally, BNP Paribas dropped their price target on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and a consensus price target of $171.47.

About PepsiCo

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.