PepsiCo, Inc. (NASDAQ:PEP) Stock Position Boosted by Security National Bank

Security National Bank boosted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 3.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 26,262 shares of the company’s stock after acquiring an additional 908 shares during the quarter. Security National Bank’s holdings in PepsiCo were worth $3,950,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Ausdal Financial Partners Inc. grew its stake in shares of PepsiCo by 0.8% in the second quarter. Ausdal Financial Partners Inc. now owns 7,951 shares of the company’s stock worth $1,178,000 after acquiring an additional 64 shares during the last quarter. Mosaic Family Wealth LLC grew its stake in shares of PepsiCo by 0.8% in the second quarter. Mosaic Family Wealth LLC now owns 8,507 shares of the company’s stock worth $1,260,000 after acquiring an additional 65 shares during the last quarter. Loudon Investment Management LLC grew its stake in shares of PepsiCo by 0.7% in the second quarter. Loudon Investment Management LLC now owns 9,948 shares of the company’s stock worth $1,474,000 after acquiring an additional 67 shares during the last quarter. OLD Dominion Capital Management Inc. grew its stake in shares of PepsiCo by 0.3% in the third quarter. OLD Dominion Capital Management Inc. now owns 22,634 shares of the company’s stock worth $3,404,000 after acquiring an additional 67 shares during the last quarter. Finally, Peninsula Asset Management Inc. grew its stake in shares of PepsiCo by 0.3% in the second quarter. Peninsula Asset Management Inc. now owns 26,322 shares of the company’s stock worth $3,900,000 after acquiring an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 70.48% of the company’s stock.

Shares of NASDAQ PEP traded down $1.51 during midday trading on Thursday, reaching $163.74. 3,308,040 shares of the company traded hands, compared to its average volume of 4,732,310. The firm has a market cap of $226.40 billion, a PE ratio of 27.89, a PEG ratio of 2.97 and a beta of 0.62. The stock’s 50-day simple moving average is $158.84 and its 200-day simple moving average is $154.23. PepsiCo, Inc. has a 12 month low of $128.32 and a 12 month high of $166.80. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.77 and a current ratio of 0.95.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Monday, October 4th. The company reported $1.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.73 by $0.06. PepsiCo had a return on equity of 58.31% and a net margin of 10.62%. The company had revenue of $20.19 billion during the quarter, compared to analysts’ expectations of $19.39 billion. During the same period last year, the business earned $1.66 earnings per share. The business’s revenue was up 11.6% on a year-over-year basis. On average, equities research analysts expect that PepsiCo, Inc. will post 6.25 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 7th. Investors of record on Friday, December 3rd will be issued a $1.075 dividend. The ex-dividend date of this dividend is Thursday, December 2nd. This represents a $4.30 dividend on an annualized basis and a dividend yield of 2.63%. PepsiCo’s dividend payout ratio is 73.25%.

Several brokerages have recently issued reports on PEP. Guggenheim raised their price objective on shares of PepsiCo from $171.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, September 21st. Zacks Investment Research cut PepsiCo from a “buy” rating to a “hold” rating and set a $164.00 target price for the company. in a research report on Monday, August 9th. Evercore ISI reaffirmed a “hold” rating and issued a $160.00 target price on shares of PepsiCo in a research report on Thursday, October 7th. UBS Group raised their target price on PepsiCo from $170.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, October 6th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on PepsiCo from $158.00 to $160.00 and gave the stock a “hold” rating in a research report on Wednesday, October 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $162.86.

In related news, CFO Hugh F. Johnston sold 37,266 shares of PepsiCo stock in a transaction dated Thursday, October 21st. The stock was sold at an average price of $160.30, for a total value of $5,973,739.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.14% of the company’s stock.

PepsiCo Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution and sale of beverages, food, and snacks. It is a food and beverage company with a complementary portfolio of brands, including Frito-Lay, Gatorade, Pepsi-Cola, Quaker, and Tropicana. It operates through the following business segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; and Africa, Middle East and South Asia The Frito-Lay North America segment markets, distributes, and sells snack foods under the Lay’s, Doritos, Cheetos, Tostitos, Fritos, Ruffles, and Santitas brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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