First Financial Corp IN Sells 813 Shares of Pepsico, Inc. (NYSE:PEP)
First Financial Corp IN lowered its position in Pepsico, Inc. (NYSE:PEP) by 12.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,743 shares of the company’s stock after selling 813 shares during the period. First Financial Corp IN’s holdings in Pepsico were worth $643,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. Arthur M. Cohen & Associates LLC purchased a new stake in shares of Pepsico during the fourth quarter worth about $3,002,000. Russell Investments Group Ltd. acquired a new position in shares of Pepsico during the fourth quarter valued at approximately $355,439,000. First Bank & Trust acquired a new position in shares of Pepsico during the fourth quarter valued at approximately $700,000. Aveo Capital Partners LLC acquired a new position in shares of Pepsico during the fourth quarter valued at approximately $549,000. Finally, Osborn Williams & Donohoe LLC increased its position in shares of Pepsico by 2.1% in the fourth quarter. Osborn Williams & Donohoe LLC now owns 95,536 shares of the company’s stock valued at $9,996,000 after buying an additional 1,952 shares in the last quarter. 70.40% of the stock is currently owned by institutional investors.
Pepsico, Inc. (PEP) remained flat at $114.93 during midday trading on Monday. 2,481,301 shares of the stock were exchanged. The firm has a market cap of $163.83 billion, a price-to-earnings ratio of 24.34 and a beta of 0.68. The company has a 50 day moving average of $116.14 and a 200 day moving average of $110.39. Pepsico, Inc. has a 52-week low of $98.50 and a 52-week high of $118.24.
Pepsico (NYSE:PEP) last released its quarterly earnings results on Tuesday, July 11th. The company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.10. The business had revenue of $15.71 billion for the quarter, compared to the consensus estimate of $15.57 billion. Pepsico had a net margin of 10.77% and a return on equity of 59.74%. The business’s revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.35 EPS. Equities research analysts expect that Pepsico, Inc. will post $5.16 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be paid a $0.805 dividend. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Wednesday, August 30th. Pepsico’s dividend payout ratio (DPR) is 68.22%.
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Several research analysts have recently commented on PEP shares. J P Morgan Chase & Co started coverage on Pepsico in a research note on Tuesday, March 21st. They set an “overweight” rating and a $125.00 target price for the company. BMO Capital Markets reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Pepsico in a report on Wednesday, March 22nd. Credit Suisse Group lifted their price objective on Pepsico from $115.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, March 23rd. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $115.00 price objective on shares of Pepsico in a report on Thursday, March 23rd. Finally, UBS AG raised Pepsico from a “neutral” rating to a “positive” rating in a report on Wednesday, April 12th. Five research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $123.04.
Pepsico Company Profile
PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).
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