PepsiCo, Inc. (NASDAQ:PEP) Stake Lessened by Riverview Trust Co

Riverview Trust Co reduced its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 4.6% in the 3rd quarter, Holdings Channel reports. The fund owned 3,187 shares of the company’s stock after selling 154 shares during the period. Riverview Trust Co’s holdings in PepsiCo were worth $542,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. RFG Advisory LLC raised its stake in shares of PepsiCo by 11.7% during the 1st quarter. RFG Advisory LLC now owns 16,846 shares of the company’s stock worth $2,948,000 after purchasing an additional 1,758 shares in the last quarter. Meyer Handelman Co. boosted its stake in shares of PepsiCo by 3.9% during the 1st quarter. Meyer Handelman Co. now owns 253,769 shares of the company’s stock worth $44,412,000 after acquiring an additional 9,465 shares in the last quarter. Gulf International Bank UK Ltd increased its holdings in shares of PepsiCo by 4.0% during the 1st quarter. Gulf International Bank UK Ltd now owns 117,730 shares of the company’s stock valued at $20,603,000 after acquiring an additional 4,528 shares during the last quarter. SignalPoint Asset Management LLC lifted its holdings in PepsiCo by 1.1% in the 1st quarter. SignalPoint Asset Management LLC now owns 7,529 shares of the company’s stock worth $1,318,000 after purchasing an additional 81 shares during the last quarter. Finally, Liberty Capital Management Inc. boosted its position in PepsiCo by 4.0% during the first quarter. Liberty Capital Management Inc. now owns 14,177 shares of the company’s stock worth $2,481,000 after purchasing an additional 549 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Up 0.2 %

NASDAQ:PEP opened at $175.06 on Friday. The company has a market cap of $240.18 billion, a price-to-earnings ratio of 25.82, a P/E/G ratio of 3.28 and a beta of 0.53. PepsiCo, Inc. has a 52-week low of $158.03 and a 52-week high of $183.41. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The stock’s fifty day moving average price is $173.78 and its two-hundred day moving average price is $172.13.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The business had revenue of $23.32 billion for the quarter, compared to analyst estimates of $23.86 billion. During the same period in the prior year, the business posted $2.25 earnings per share. PepsiCo’s revenue was down .6% compared to the same quarter last year. On average, analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were paid a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.10%. The ex-dividend date was Friday, September 6th. PepsiCo’s payout ratio is 79.94%.

Analysts Set New Price Targets

PEP has been the topic of a number of recent research reports. BNP Paribas initiated coverage on PepsiCo in a research note on Monday, June 24th. They set a “neutral” rating and a $174.00 price target on the stock. Jefferies Financial Group cut their target price on PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Bank of America decreased their price target on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. Finally, Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $183.92.

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.