OLD Second National Bank of Aurora Sells 83 Shares of PepsiCo, Inc. (NASDAQ:PEP)

OLD Second National Bank of Aurora lowered its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 17,571 shares of the company’s stock after selling 83 shares during the period. OLD Second National Bank of Aurora’s holdings in PepsiCo were worth $2,984,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Moneta Group Investment Advisors LLC increased its stake in PepsiCo by 95,514.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 42,876,248 shares of the company’s stock valued at $7,746,023,000 after purchasing an additional 42,831,405 shares in the last quarter. Morgan Stanley grew its holdings in shares of PepsiCo by 21.0% during the fourth quarter. Morgan Stanley now owns 26,720,027 shares of the company’s stock valued at $4,827,240,000 after buying an additional 4,629,947 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of PepsiCo by 5.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 18,423,845 shares of the company’s stock valued at $3,121,736,000 after buying an additional 920,032 shares during the last quarter. Northern Trust Corp grew its holdings in shares of PepsiCo by 3.7% during the third quarter. Northern Trust Corp now owns 16,878,022 shares of the company’s stock valued at $2,859,812,000 after buying an additional 595,357 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of PepsiCo during the fourth quarter valued at about $2,519,707,000. Institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

PEP has been the topic of several analyst reports. Wedbush restated an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a report on Friday, February 9th. Royal Bank of Canada restated a “sector perform” rating and set a $180.00 price target on shares of PepsiCo in a report on Monday, February 12th. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $180.00 to $195.00 in a research report on Monday, February 12th. Finally, Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a research report on Monday, March 18th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $186.92.

PepsiCo Trading Up 0.9 %

Shares of PEP stock traded up $1.48 on Thursday, hitting $170.96. 1,321,141 shares of the company’s stock traded hands, compared to its average volume of 5,665,470. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.68 and a current ratio of 0.85. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $196.88. The company’s fifty day simple moving average is $168.58 and its 200 day simple moving average is $167.38. The stock has a market capitalization of $234.99 billion, a price-to-earnings ratio of 25.80, a P/E/G ratio of 2.63 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last released its earnings results on Friday, February 9th. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.72 by $0.06. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The company had revenue of $27.84 billion for the quarter, compared to analyst estimates of $28.40 billion. During the same quarter last year, the firm earned $1.67 EPS. The firm’s quarterly revenue was down .6% compared to the same quarter last year. Equities analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were issued a $1.265 dividend. This represents a $5.06 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date was Thursday, February 29th. PepsiCo’s dividend payout ratio (DPR) is presently 77.02%.

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.