Hills Bank & Trust Co Sells 230 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Hills Bank & Trust Co lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 0.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 35,533 shares of the company’s stock after selling 230 shares during the period. Hills Bank & Trust Co’s holdings in PepsiCo were worth $5,860,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Valued Wealth Advisors LLC grew its position in shares of PepsiCo by 77.5% during the first quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock valued at $28,000 after purchasing an additional 69 shares in the last quarter. POM Investment Strategies LLC increased its stake in PepsiCo by 141.3% in the 2nd quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock worth $30,000 after acquiring an additional 106 shares during the last quarter. Fortis Group Advisors LLC raised its holdings in shares of PepsiCo by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after acquiring an additional 97 shares in the last quarter. Kathleen S. Wright Associates Inc. purchased a new position in shares of PepsiCo in the first quarter valued at $35,000. Finally, True Wealth Design LLC increased its position in PepsiCo by 812.0% in the fourth quarter. True Wealth Design LLC now owns 228 shares of the company’s stock worth $39,000 after purchasing an additional 203 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP stock traded up $0.13 during trading hours on Friday, hitting $175.87. The company’s stock had a trading volume of 5,283,617 shares, compared to its average volume of 5,466,141. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.87. The company has a 50 day moving average of $169.18 and a 200 day moving average of $170.68. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $183.41. The stock has a market cap of $241.78 billion, a PE ratio of 25.53, a price-to-earnings-growth ratio of 2.98 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, July 11th. The company reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.12. The firm had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $22.59 billion. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.09 earnings per share. On average, sell-side analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Friday, September 6th. PepsiCo’s dividend payout ratio is presently 78.66%.

Analysts Set New Price Targets

PEP has been the topic of a number of recent research reports. Barclays upped their price objective on PepsiCo from $179.00 to $187.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Wells Fargo & Company dropped their price objective on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. Morgan Stanley cut their price target on shares of PepsiCo from $190.00 to $185.00 and set an “overweight” rating on the stock in a report on Friday, July 12th. Finally, TD Cowen decreased their price objective on shares of PepsiCo from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, PepsiCo currently has an average rating of “Hold” and a consensus target price of $185.53.

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.