Bank of New Hampshire Has $4.06 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Bank of New Hampshire trimmed its position in PepsiCo, Inc. (NASDAQ:PEP) by 0.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 23,873 shares of the company’s stock after selling 172 shares during the period. PepsiCo comprises approximately 1.2% of Bank of New Hampshire’s holdings, making the stock its 21st largest holding. Bank of New Hampshire’s holdings in PepsiCo were worth $4,055,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in PEP. LFA Lugano Financial Advisors SA boosted its holdings in shares of PepsiCo by 80.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after purchasing an additional 70 shares during the period. Life Planning Partners Inc acquired a new stake in shares of PepsiCo during the fourth quarter worth approximately $34,000. Naples Money Management LLC acquired a new stake in shares of PepsiCo during the fourth quarter worth approximately $36,000. Criterion Capital Advisors LLC acquired a new stake in shares of PepsiCo during the fourth quarter worth approximately $39,000. Finally, Avion Wealth boosted its holdings in shares of PepsiCo by 61.7% during the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock worth $41,000 after purchasing an additional 92 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Performance

Shares of PepsiCo stock traded down $0.40 during midday trading on Friday, hitting $176.28. The company had a trading volume of 1,854,257 shares, compared to its average volume of 5,820,937. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $196.88. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. The business’s 50 day simple moving average is $169.22 and its two-hundred day simple moving average is $167.76. The stock has a market cap of $242.35 billion, a PE ratio of 26.52, a P/E/G ratio of 2.80 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The firm had revenue of $18.25 billion for the quarter, compared to the consensus estimate of $18.08 billion. During the same quarter in the previous year, the company earned $1.50 earnings per share. The business’s revenue was up 2.3% compared to the same quarter last year. As a group, equities analysts predict that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were paid a $1.265 dividend. The ex-dividend date was Thursday, February 29th. This represents a $5.06 annualized dividend and a dividend yield of 2.87%. PepsiCo’s dividend payout ratio is presently 76.09%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Jefferies Financial Group raised their price target on shares of PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a report on Friday, April 5th. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. JPMorgan Chase & Co. raised their price objective on shares of PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a research report on Wednesday. Wedbush reaffirmed an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a research report on Tuesday. Finally, Barclays raised their price objective on shares of PepsiCo from $184.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, PepsiCo has an average rating of “Moderate Buy” and an average price target of $187.42.

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.