Enterprise Bank & Trust Co Sells 280 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Enterprise Bank & Trust Co decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,244 shares of the company’s stock after selling 280 shares during the period. PepsiCo comprises approximately 1.1% of Enterprise Bank & Trust Co’s investment portfolio, making the stock its 27th biggest holding. Enterprise Bank & Trust Co’s holdings in PepsiCo were worth $2,736,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of PEP. Talbot Financial LLC boosted its position in PepsiCo by 1.9% during the first quarter. Talbot Financial LLC now owns 56,133 shares of the company’s stock valued at $8,417,000 after purchasing an additional 1,050 shares in the last quarter. Douglas Lane & Associates LLC lifted its position in shares of PepsiCo by 6.5% during the first quarter. Douglas Lane & Associates LLC now owns 235,349 shares of the company’s stock valued at $35,288,000 after buying an additional 14,427 shares during the last quarter. American National Bank & Trust boosted its holdings in shares of PepsiCo by 213.4% in the 1st quarter. American National Bank & Trust now owns 84,942 shares of the company’s stock valued at $12,736,000 after buying an additional 57,840 shares in the last quarter. Dakota Community Bank & Trust NA grew its position in shares of PepsiCo by 29.3% in the 1st quarter. Dakota Community Bank & Trust NA now owns 2,543 shares of the company’s stock worth $381,000 after buying an additional 577 shares during the last quarter. Finally, Czech National Bank raised its stake in shares of PepsiCo by 5.9% during the 1st quarter. Czech National Bank now owns 315,012 shares of the company’s stock worth $47,233,000 after acquiring an additional 17,537 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

PEP opened at $131.62 on Monday. The firm has a 50 day moving average of $137.98 and a two-hundred day moving average of $147.02. The firm has a market capitalization of $180.46 billion, a PE ratio of 18.94, a P/E/G ratio of 3.09 and a beta of 0.47. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 12-month low of $127.75 and a 12-month high of $180.91.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $17.92 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same period last year, the business earned $1.61 EPS. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. On average, analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 4.32%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. PepsiCo’s dividend payout ratio (DPR) is 83.68%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Wall Street Zen lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Dbs Bank downgraded PepsiCo from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 9th. Wells Fargo & Company reduced their target price on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. BNP Paribas lowered their price target on PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Finally, Evercore ISI set a $140.00 price objective on shares of PepsiCo in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $160.69.

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.