Members Trust Co Sells 492 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Members Trust Co lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,864 shares of the company’s stock after selling 492 shares during the quarter. Members Trust Co’s holdings in PepsiCo were worth $892,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Highline Wealth Partners LLC purchased a new stake in shares of PepsiCo during the 3rd quarter worth $28,000. Collier Financial acquired a new position in PepsiCo during the 4th quarter valued at about $28,000. Legacy Investment Solutions LLC acquired a new position in PepsiCo during the 3rd quarter valued at about $31,000. Rakuten Securities Inc. increased its position in PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after buying an additional 96 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC acquired a new position in PepsiCo during the 4th quarter valued at about $34,000. Institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on PEP shares. Barclays reduced their target price on PepsiCo from $158.00 to $153.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Evercore ISI cut their price objective on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. TD Cowen cut their price objective on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. CICC Research reissued a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. Finally, Morgan Stanley cut their price objective on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, PepsiCo currently has an average rating of “Hold” and a consensus target price of $171.47.

PepsiCo Trading Down 0.8 %

Shares of NASDAQ PEP opened at $143.39 on Friday. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The company has a current ratio of 0.82, a quick ratio of 0.70 and a debt-to-equity ratio of 2.05. The stock has a fifty day simple moving average of $150.09 and a 200-day simple moving average of $163.41. The stock has a market capitalization of $196.66 billion, a PE ratio of 20.63, a PEG ratio of 2.89 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. The business had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company’s revenue was down .2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.78 earnings per share. On average, equities analysts forecast that PepsiCo, Inc. will post 8.34 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

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.