Parkside Financial Bank & Trust Increases Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Parkside Financial Bank & Trust increased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 2.0% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 15,922 shares of the company’s stock after buying an additional 314 shares during the quarter. Parkside Financial Bank & Trust’s holdings in PepsiCo were worth $2,704,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in PEP. SlateStone Wealth LLC lifted its position in shares of PepsiCo by 0.6% during the 4th quarter. SlateStone Wealth LLC now owns 102,869 shares of the company’s stock valued at $17,471,000 after buying an additional 613 shares in the last quarter. Marks Group Wealth Management Inc lifted its holdings in PepsiCo by 6.6% in the 4th quarter. Marks Group Wealth Management Inc now owns 3,402 shares of the company’s stock worth $578,000 after purchasing an additional 212 shares in the last quarter. Stockman Wealth Management Inc. lifted its holdings in PepsiCo by 503.9% in the 4th quarter. Stockman Wealth Management Inc. now owns 53,148 shares of the company’s stock worth $9,027,000 after purchasing an additional 44,347 shares in the last quarter. Larson Financial Group LLC lifted its holdings in PepsiCo by 1.7% in the 4th quarter. Larson Financial Group LLC now owns 4,385 shares of the company’s stock worth $745,000 after purchasing an additional 72 shares in the last quarter. Finally, PDS Planning Inc lifted its holdings in PepsiCo by 4.5% in the 4th quarter. PDS Planning Inc now owns 8,529 shares of the company’s stock worth $1,449,000 after purchasing an additional 370 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $180.00 price objective on shares of PepsiCo in a research note on Monday, February 12th. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and boosted their target price for the company from $180.00 to $195.00 in a research report on Monday, February 12th. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a research report on Monday, March 18th. Deutsche Bank Aktiengesellschaft upped their price objective on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research report on Friday, February 9th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $195.00 price objective on shares of PepsiCo in a research report on Tuesday. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, PepsiCo has an average rating of “Moderate Buy” and an average target price of $186.92.

PepsiCo Stock Up 0.9 %

NASDAQ PEP traded up $1.57 during trading on Wednesday, hitting $172.79. The company’s stock had a trading volume of 1,509,070 shares, compared to its average volume of 5,741,488. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.85 and a quick ratio of 0.68. The company has a market cap of $237.50 billion, a PE ratio of 25.76, a P/E/G ratio of 2.77 and a beta of 0.53. The business’s 50 day simple moving average is $168.84 and its 200-day simple moving average is $167.63. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $196.88.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The business had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. During the same period in the previous year, the business earned $1.50 earnings per share. The business’s revenue was up 2.3% compared to the same quarter last year. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were issued a dividend of $1.265 per share. The ex-dividend date was Thursday, February 29th. This represents a $5.06 annualized dividend and a yield of 2.93%. PepsiCo’s dividend payout ratio (DPR) is 77.02%.

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.