Central Pacific Bank Trust Division Sells 1,031 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Central Pacific Bank Trust Division trimmed its position in PepsiCo, Inc. (NASDAQ:PEP) by 7.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,957 shares of the company’s stock after selling 1,031 shares during the period. Central Pacific Bank Trust Division’s holdings in PepsiCo were worth $1,818,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Founders Financial Securities LLC boosted its position in PepsiCo by 136.9% during the second quarter. Founders Financial Securities LLC now owns 5,990 shares of the company’s stock valued at $988,000 after purchasing an additional 3,462 shares during the last quarter. Larson Financial Group LLC increased its holdings in PepsiCo by 2.2% during the second quarter. Larson Financial Group LLC now owns 10,553 shares of the company’s stock worth $1,740,000 after buying an additional 226 shares during the last quarter. Stablepoint Partners LLC lifted its stake in PepsiCo by 8.8% in the second quarter. Stablepoint Partners LLC now owns 35,339 shares of the company’s stock valued at $6,121,000 after acquiring an additional 2,847 shares during the last quarter. Mattern Capital Management LLC increased its stake in shares of PepsiCo by 1.1% during the 2nd quarter. Mattern Capital Management LLC now owns 49,461 shares of the company’s stock worth $8,158,000 after purchasing an additional 556 shares during the last quarter. Finally, Arbor Trust Wealth Advisors LLC raised its holdings in shares of PepsiCo by 0.9% in the 2nd quarter. Arbor Trust Wealth Advisors LLC now owns 6,615 shares of the company’s stock valued at $1,091,000 after purchasing an additional 62 shares during the period. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PEP. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Bank of America dropped their price objective on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Deutsche Bank Aktiengesellschaft upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and upped their price target for the company from $179.00 to $184.00 in a research note on Thursday, December 12th. Finally, TD Cowen downgraded PepsiCo from a “buy” rating to a “hold” rating and decreased their target price for the company from $190.00 to $183.00 in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and a consensus price target of $184.31.

PepsiCo Trading Up 0.2 %

PEP stock traded up $0.23 during midday trading on Friday, hitting $150.44. The stock had a trading volume of 2,495,473 shares, compared to its average volume of 3,680,370. 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 firm has a market cap of $206.40 billion, a P/E ratio of 22.19, a price-to-earnings-growth ratio of 2.94 and a beta of 0.52. The business has a fifty day moving average price of $159.95 and a two-hundred day moving average price of $167.37. PepsiCo, Inc. has a 1-year low of $149.71 and a 1-year high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results 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. The firm had revenue of $23.32 billion during the quarter, compared to the consensus estimate of $23.86 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The business’s revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.25 earnings per share. On average, sell-side analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 6th will be issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date is Friday, December 6th. PepsiCo’s dividend payout ratio is currently 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.