NBT Bank N A NY Cuts Stake in PepsiCo, Inc. (NASDAQ:PEP)

NBT Bank N A NY lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 83,505 shares of the company’s stock after selling 2,910 shares during the quarter. PepsiCo accounts for 0.9% of NBT Bank N A NY’s investment portfolio, making the stock its 27th largest holding. NBT Bank N A NY’s holdings in PepsiCo were worth $12,698,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Collier Financial acquired a new position in shares of PepsiCo during the 4th quarter worth $28,000. Creative Capital Management Investments LLC acquired a new position in shares of PepsiCo during the 4th quarter worth $30,000. Legacy Investment Solutions LLC acquired a new position in shares of PepsiCo during the 3rd quarter worth $31,000. Rakuten Securities Inc. grew its stake in shares of PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after purchasing an additional 96 shares during the period. Finally, Bay Harbor Wealth Management LLC acquired a new position in shares of PepsiCo during the 4th quarter worth $34,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 0.1 %

Shares of PEP stock opened at $154.44 on Monday. The firm has a market cap of $211.81 billion, a P/E ratio of 22.22, a PEG ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The firm’s 50-day simple moving average is $148.80 and its 200-day simple moving average is $160.76.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.02. The business had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company’s revenue was down .2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.78 EPS. As a group, equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.51%. PepsiCo’s payout ratio is currently 77.99%.

Analyst Upgrades and Downgrades

PEP has been the topic of a number of recent analyst reports. Citigroup lowered their price target on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. CICC Research reaffirmed a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. HSBC lowered their price objective on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. Evercore ISI lowered their price objective on shares of PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. 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 company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $172.35.

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.