PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Citizens National Bank Trust Department

Citizens National Bank Trust Department reduced its position in PepsiCo, Inc. (NASDAQ:PEP) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,044 shares of the company’s stock after selling 217 shares during the period. PepsiCo makes up approximately 1.2% of Citizens National Bank Trust Department’s holdings, making the stock its 26th largest holding. Citizens National Bank Trust Department’s holdings in PepsiCo were worth $5,633,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PEP. Highline Wealth Partners LLC acquired a new stake in shares of PepsiCo in the third quarter valued at about $28,000. Collier Financial acquired a new position in shares of PepsiCo during the fourth quarter worth $28,000. Legacy Investment Solutions LLC acquired a new stake in PepsiCo during the 3rd quarter valued at $31,000. Rakuten Securities Inc. increased its stake in PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after buying an additional 96 shares during the period. Finally, Creative Capital Management Investments LLC purchased a new position in PepsiCo in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PEP. Citigroup reduced their price target on PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Barclays reduced their price objective on shares of PepsiCo from $158.00 to $153.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Evercore ISI cut their target price on shares of PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. JPMorgan Chase & Co. lowered their price objective on PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Finally, Royal Bank of Canada started coverage on PepsiCo in a research report on Tuesday, February 4th. They issued a $172.00 target price for the company. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, PepsiCo has an average rating of “Hold” and an average target price of $171.47.

PepsiCo Stock Performance

PEP opened at $145.81 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The business’s 50 day moving average is $149.16 and its 200-day moving average is $162.60. The stock has a market cap of $199.98 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 2.97 and a beta of 0.54. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.78 earnings per share. On average, analysts predict that PepsiCo, Inc. will post 8.34 earnings per share for the current year.

PepsiCo Dividend Announcement

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

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.