Security National Bank Boosts Position in PepsiCo, Inc. (NASDAQ:PEP)

Security National Bank increased its position in PepsiCo, Inc. (NASDAQ:PEP) by 0.5% during the 1st quarter, Holdings Channel.com reports. The firm owned 22,471 shares of the company’s stock after purchasing an additional 112 shares during the period. Security National Bank’s holdings in PepsiCo were worth $3,933,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA lifted its holdings in shares of PepsiCo by 80.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after purchasing an additional 70 shares in the last quarter. Fortis Group Advisors LLC lifted its holdings in PepsiCo by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock valued at $33,000 after acquiring an additional 97 shares during the period. Life Planning Partners Inc bought a new position in PepsiCo in the fourth quarter valued at about $34,000. Naples Money Management LLC purchased a new stake in PepsiCo in the fourth quarter worth about $36,000. Finally, Criterion Capital Advisors LLC purchased a new stake in PepsiCo in the fourth quarter worth about $39,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at PepsiCo

In related news, CEO Ramkumar Krishnan sold 5,620 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the transaction, the chief executive officer now owns 53,953 shares of the company’s stock, valued at approximately $9,603,634. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.15% of the company’s stock.

PepsiCo Price Performance

NASDAQ PEP traded down $1.01 during mid-day trading on Wednesday, hitting $166.34. The stock had a trading volume of 2,875,206 shares, compared to its average volume of 5,484,640. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. The firm’s 50 day moving average is $173.73 and its 200 day moving average is $170.37. The stock has a market capitalization of $228.68 billion, a price-to-earnings ratio of 24.89, a PEG ratio of 2.75 and a beta of 0.52. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $192.38.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.09. The company had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.50 EPS. Equities research analysts forecast that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a dividend of $1.355 per share. The ex-dividend date is Friday, June 7th. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.26%. PepsiCo’s dividend payout ratio is currently 81.50%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target for the company in a research report on Monday, March 18th. Jefferies Financial Group increased their target price on PepsiCo from $209.00 to $211.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. JPMorgan Chase & Co. raised their price target on PepsiCo from $181.00 to $184.00 and gave the company a “neutral” rating in a report on Wednesday. Barclays decreased their price target on PepsiCo from $185.00 to $180.00 and set an “overweight” rating for the company in a research note on Wednesday, June 12th. Finally, BNP Paribas began coverage on PepsiCo in a research note on Monday. They set a “neutral” rating and a $174.00 price target for the company. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $186.38.

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.