Farmers Trust Co. Has $8.33 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

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Farmers Trust Co. lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,915 shares of the company’s stock after selling 1,712 shares during the quarter. PepsiCo accounts for approximately 2.2% of Farmers Trust Co.’s portfolio, making the stock its 9th largest position. Farmers Trust Co.’s holdings in PepsiCo were worth $8,326,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in PEP. Bernardo Wealth Planning LLC increased its stake in PepsiCo by 4.6% during the 2nd quarter. Bernardo Wealth Planning LLC now owns 5,425 shares of the company’s stock valued at $711,000 after purchasing an additional 238 shares in the last quarter. Circle Wealth Management LLC boosted its holdings in shares of PepsiCo by 44.1% in the 2nd quarter. Circle Wealth Management LLC now owns 3,326 shares of the company’s stock worth $436,000 after buying an additional 1,018 shares during the last quarter. Gladstone Institutional Advisory LLC boosted its holdings in shares of PepsiCo by 115.4% in the 2nd quarter. Gladstone Institutional Advisory LLC now owns 3,937 shares of the company’s stock worth $516,000 after buying an additional 2,109 shares during the last quarter. First Foundation Advisors boosted its holdings in shares of PepsiCo by 1.6% in the 2nd quarter. First Foundation Advisors now owns 10,667 shares of the company’s stock worth $1,399,000 after buying an additional 166 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in PepsiCo by 19.0% during the second quarter. Assetmark Inc. now owns 5,417 shares of the company’s stock valued at $710,000 after purchasing an additional 864 shares during the last quarter. Institutional investors and hedge funds own 71.14% of the company’s stock.

PEP stock opened at $139.20 on Thursday. PepsiCo, Inc. has a 1-year low of $107.70 and a 1-year high of $140.45. The company has a current ratio of 0.95, a quick ratio of 0.77 and a debt-to-equity ratio of 2.08. The company’s 50 day moving average is $136.51 and its 200 day moving average is $134.57. The stock has a market cap of $190.83 billion, a price-to-earnings ratio of 24.59, a price-to-earnings-growth ratio of 3.30 and a beta of 0.53.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Friday, December 6th were given a dividend of $0.955 per share. This represents a $3.82 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date was Thursday, December 5th. PepsiCo’s payout ratio is currently 67.49%.

Several research firms have commented on PEP. Guggenheim set a $130.00 price objective on shares of PepsiCo and gave the company a “hold” rating in a report on Thursday, September 26th. JPMorgan Chase & Co. set a $154.00 price objective on shares of PepsiCo and gave the company a “buy” rating in a report on Thursday, October 3rd. Evercore ISI reaffirmed a “hold” rating on shares of PepsiCo in a report on Sunday, December 15th. BMO Capital Markets reaffirmed a “market perform” rating and set a $133.00 price objective (up from $128.00) on shares of PepsiCo in a report on Friday, October 4th. Finally, Citigroup upped their price target on PepsiCo from $139.00 to $143.00 and gave the company a “neutral” rating in a research report on Friday, October 4th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $135.53.

PepsiCo Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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