First PREMIER Bank Decreases Holdings in PepsiCo, Inc. (NASDAQ:PEP)

First PREMIER Bank trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.9% in the first quarter, Holdings Channel reports. The institutional investor owned 25,275 shares of the company’s stock after selling 487 shares during the period. First PREMIER Bank’s holdings in PepsiCo were worth $3,789,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. WealthTrak Capital Management LLC purchased a new stake in shares of PepsiCo during the 4th quarter worth approximately $28,000. Prudent Man Investment Management Inc. purchased a new stake in PepsiCo in the 4th quarter valued at approximately $30,000. Measured Risk Portfolios Inc. purchased a new stake in PepsiCo in the 4th quarter valued at approximately $31,000. Summit Securities Group LLC purchased a new stake in PepsiCo in the 4th quarter valued at approximately $33,000. Finally, GKV Capital Management Co. Inc. purchased a new stake in PepsiCo in the 4th quarter valued at approximately $38,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

PEP has been the subject of several analyst reports. Morgan Stanley cut their price target on PepsiCo from $168.00 to $153.00 and set an “equal weight” rating for the company in a report on Friday, April 25th. Barclays cut their price target on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating for the company in a report on Monday, April 28th. Dbs Bank downgraded PepsiCo from a “strong-buy” rating to a “hold” rating in a report on Friday, May 9th. Citigroup dropped their price objective on PepsiCo from $170.00 to $160.00 and set a “buy” rating for the company in a report on Friday, April 25th. Finally, UBS Group dropped their price objective on PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $160.69.

PepsiCo Stock Performance

Shares of PEP stock opened at $129.07 on Friday. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 0.83. PepsiCo, Inc. has a one year low of $127.75 and a one year high of $180.91. The company’s 50-day simple moving average is $133.19 and its 200-day simple moving average is $144.06. The stock has a market capitalization of $176.97 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 3.71 and a beta of 0.45.

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 analysts’ consensus estimates of $1.49 by ($0.01). PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The business had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the prior year, the business earned $1.61 EPS. The business’s revenue was down 1.8% on a year-over-year basis. Equities analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a $1.4225 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a yield of 4.41%. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s dividend payout ratio (DPR) is currently 83.68%.

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.