Hickory Point Bank & Trust Buys 171 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Hickory Point Bank & Trust lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.8% in the first quarter, Holdings Channel.com reports. The fund owned 3,141 shares of the company’s stock after acquiring an additional 171 shares during the quarter. Hickory Point Bank & Trust’s holdings in PepsiCo were worth $471,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Tcfg Wealth Management LLC grew its stake in PepsiCo by 3.5% during the fourth quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company’s stock worth $295,000 after purchasing an additional 66 shares during the period. TAGStone Capital Inc. grew its stake in PepsiCo by 2.8% during the fourth quarter. TAGStone Capital Inc. now owns 2,527 shares of the company’s stock worth $388,000 after purchasing an additional 70 shares during the period. Lokken Investment Group LLC grew its stake in PepsiCo by 0.9% during the fourth quarter. Lokken Investment Group LLC now owns 7,699 shares of the company’s stock worth $1,171,000 after purchasing an additional 70 shares during the period. Leavell Investment Management Inc. grew its stake in PepsiCo by 0.3% during the fourth quarter. Leavell Investment Management Inc. now owns 27,844 shares of the company’s stock worth $4,271,000 after purchasing an additional 71 shares during the period. Finally, Legacy Financial Group LLC grew its stake in PepsiCo by 4.9% during the first quarter. Legacy Financial Group LLC now owns 1,514 shares of the company’s stock worth $227,000 after purchasing an additional 71 shares during the period. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Performance

Shares of PEP opened at $130.03 on Friday. The firm has a market cap of $178.28 billion, a PE ratio of 18.71, a PEG ratio of 3.09 and a beta of 0.45. The stock’s fifty day moving average price is $136.15 and its two-hundred day moving average price is $146.16. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. PepsiCo, Inc. has a 1 year low of $127.75 and a 1 year high of $180.91.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the previous year, the firm posted $1.61 earnings per share. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, equities research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.38%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. PepsiCo’s payout ratio is presently 83.68%.

Wall Street Analyst Weigh In

PEP has been the subject of a number of research reports. Bank of America reduced their price objective on PepsiCo from $155.00 to $150.00 and set a “neutral” rating for the company in a research note on Friday, April 25th. UBS Group reduced their price objective on PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Jefferies Financial Group cut PepsiCo from a “buy” rating to a “hold” rating and reduced their price objective for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. Barclays reduced their price objective on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating for the company in a research note on Monday, April 28th. Finally, Dbs Bank cut PepsiCo from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $160.69.

PepsiCo Company Profile

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.