PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Ledyard National Bank

Ledyard National Bank reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,325 shares of the company’s stock after selling 510 shares during the quarter. Ledyard National Bank’s holdings in PepsiCo were worth $3,091,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Leo Wealth LLC lifted its stake in shares of PepsiCo by 47.8% in the 4th quarter. Leo Wealth LLC now owns 13,328 shares of the company’s stock valued at $2,027,000 after purchasing an additional 4,309 shares during the period. Iron Horse Wealth Management LLC increased its holdings in PepsiCo by 13.4% in the fourth quarter. Iron Horse Wealth Management LLC now owns 795 shares of the company’s stock valued at $121,000 after buying an additional 94 shares in the last quarter. Consolidated Portfolio Review Corp purchased a new stake in shares of PepsiCo during the 4th quarter worth about $455,000. Telos Capital Management Inc. increased its stake in shares of PepsiCo by 4.2% in the 4th quarter. Telos Capital Management Inc. now owns 126,906 shares of the company’s stock valued at $19,297,000 after purchasing an additional 5,092 shares in the last quarter. Finally, McHugh Group LLC acquired a new position in PepsiCo in the 4th quarter worth about $277,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a research report on Thursday, October 10th. HSBC cut their price target on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a report on Tuesday. UBS Group dropped their target price on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. TD Cowen reduced their price target on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company cut their price objective on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $171.47.

PepsiCo Stock Down 0.2 %

NASDAQ PEP opened at $145.35 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The business’s fifty day simple moving average is $152.15 and its 200-day simple moving average is $164.39. The firm has a market cap of $199.42 billion, a PE ratio of 21.44, a P/E/G ratio of 2.92 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.02. The business had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The business’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.78 EPS. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio is presently 79.94%.

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.