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

Ledyard National Bank reduced its position 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 & Exchange Commission. The firm owned 20,325 shares of the company’s stock after selling 510 shares during the period. Ledyard National Bank’s holdings in PepsiCo were worth $3,091,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Cross Staff Investments Inc grew its position in PepsiCo by 0.9% in the 3rd quarter. Cross Staff Investments Inc now owns 7,080 shares of the company’s stock valued at $1,204,000 after acquiring an additional 60 shares in the last quarter. Paulson Wealth Management Inc. boosted its stake in shares of PepsiCo by 2.1% in the third quarter. Paulson Wealth Management Inc. now owns 2,986 shares of the company’s stock valued at $508,000 after purchasing an additional 60 shares during the period. LCM Capital Management Inc grew its holdings in shares of PepsiCo by 0.8% in the third quarter. LCM Capital Management Inc now owns 7,573 shares of the company’s stock valued at $1,288,000 after purchasing an additional 62 shares in the last quarter. Demars Financial Group LLC lifted its holdings in PepsiCo by 1.1% during the 3rd quarter. Demars Financial Group LLC now owns 5,721 shares of the company’s stock worth $973,000 after buying an additional 62 shares in the last quarter. Finally, Sigma Investment Counselors Inc. boosted its position in PepsiCo by 1.6% in the 3rd quarter. Sigma Investment Counselors Inc. now owns 4,310 shares of the company’s stock valued at $733,000 after buying an additional 66 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PEP has been the topic of a number of recent research reports. Royal Bank of Canada began coverage on PepsiCo in a research note on Tuesday. They issued a $172.00 price objective on the stock. HSBC decreased their price objective on PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research note on Tuesday. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday. Barclays lowered their price target on shares of PepsiCo from $158.00 to $153.00 and set an “overweight” rating for the company in a report on Thursday. Finally, BNP Paribas reduced their price objective on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $171.47.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $145.35 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The stock has a market cap of $199.42 billion, a P/E ratio of 21.44, a P/E/G ratio of 2.92 and a beta of 0.54. The stock has a 50 day moving average of $152.15 and a two-hundred day moving average of $164.39. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. The firm 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%. PepsiCo’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.78 EPS. On average, research analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.73%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) 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.