PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by FineMark National Bank & Trust

FineMark National Bank & Trust boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,280 shares of the company’s stock after acquiring an additional 342 shares during the quarter. FineMark National Bank & Trust’s holdings in PepsiCo were worth $9,219,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PEP. LFA Lugano Financial Advisors SA increased its holdings in PepsiCo by 80.5% during the 4th 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 last quarter. Life Planning Partners Inc bought a new stake in PepsiCo in the fourth quarter valued at $34,000. Naples Money Management LLC acquired a new position in shares of PepsiCo during the fourth quarter valued at $36,000. Criterion Capital Advisors LLC bought a new position in shares of PepsiCo during the fourth quarter worth about $39,000. Finally, Avion Wealth lifted its position in PepsiCo by 61.7% in the 4th quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after purchasing an additional 92 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PEP shares. Wedbush reaffirmed an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a research note on Tuesday, April 23rd. Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and upped their price objective for the company from $180.00 to $195.00 in a report on Monday, February 12th. Barclays upped their price target on shares of PepsiCo from $184.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Argus downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $180.00 price target on shares of PepsiCo in a research report on Monday, February 12th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $187.58.

PepsiCo Stock Down 1.4 %

PEP traded down $2.62 during trading on Thursday, reaching $179.47. 1,847,543 shares of the stock traded hands, compared to its average volume of 5,465,512. 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 stock has a market cap of $246.73 billion, a price-to-earnings ratio of 27.19, a price-to-earnings-growth ratio of 2.95 and a beta of 0.52. The stock’s 50-day simple moving average is $174.02 and its two-hundred day simple moving average is $170.00. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $192.38.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The firm had revenue of $18.25 billion during the quarter, compared to analyst estimates of $18.08 billion. During the same period in the previous year, the company earned $1.50 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, equities research analysts expect that PepsiCo, Inc. will post 8.17 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a dividend of $1.355 per share. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date is Friday, June 7th. This represents a $5.42 annualized dividend and a yield of 3.02%. PepsiCo’s dividend payout ratio is presently 76.09%.

Insider Activity

In other news, CEO Ramkumar Krishnan sold 5,620 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the transaction, the chief executive officer now owns 53,953 shares in the company, valued at approximately $9,603,634. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.15% of the stock is owned by company insiders.

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.