Citizens National Bank Trust Department Sells 230 Shares of PepsiCo, Inc. $PEP

Citizens National Bank Trust Department trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 0.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,844 shares of the company’s stock after selling 230 shares during the period. PepsiCo comprises about 1.0% of Citizens National Bank Trust Department’s holdings, making the stock its 28th largest position. Citizens National Bank Trust Department’s holdings in PepsiCo were worth $4,997,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in PEP. Nuveen LLC bought a new stake in PepsiCo in the 1st quarter worth about $946,978,000. Kingstone Capital Partners Texas LLC purchased a new position in shares of PepsiCo in the 2nd quarter worth approximately $460,110,000. Assenagon Asset Management S.A. grew its holdings in shares of PepsiCo by 106.1% in the first quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company’s stock valued at $527,034,000 after acquiring an additional 1,809,391 shares in the last quarter. Vanguard Group Inc. lifted its holdings in PepsiCo by 1.4% during the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company’s stock worth $20,268,027,000 after acquiring an additional 1,802,748 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in PepsiCo by 5.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company’s stock worth $3,969,698,000 after purchasing an additional 1,258,198 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Price Performance

PepsiCo stock opened at $140.79 on Wednesday. The business has a 50-day simple moving average of $144.26 and a 200 day simple moving average of $139.31. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50. The stock has a market cap of $192.75 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 3.53 and a beta of 0.46. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.09. The business had revenue of $22.73 billion during the quarter, compared to analysts’ expectations of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were issued a dividend of $1.4225 per share. The ex-dividend date was Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.0%. PepsiCo’s dividend payout ratio is currently 103.64%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a report on Monday. Morgan Stanley raised their price target on shares of PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. UBS Group lowered their price target on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. Citigroup reduced their price objective on PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, September 25th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PepsiCo in a research report on Saturday, September 27th. Four equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $158.13.

PepsiCo 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.