First National Bank Sioux Falls Raises Holdings in PepsiCo, Inc. (NASDAQ:PEP)

First National Bank Sioux Falls boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 222.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,099 shares of the company’s stock after buying an additional 6,273 shares during the period. First National Bank Sioux Falls’ holdings in PepsiCo were worth $1,364,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Tcfg Wealth Management LLC boosted its stake in PepsiCo by 3.5% during the fourth quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company’s stock worth $295,000 after buying an additional 66 shares during the last quarter. TAGStone Capital Inc. lifted its stake in shares of PepsiCo by 2.8% in the 4th quarter. TAGStone Capital Inc. now owns 2,527 shares of the company’s stock valued at $388,000 after purchasing an additional 70 shares during the last quarter. Lokken Investment Group LLC lifted its stake in shares of PepsiCo by 0.9% in the 4th quarter. Lokken Investment Group LLC now owns 7,699 shares of the company’s stock valued at $1,171,000 after purchasing an additional 70 shares during the last quarter. Leavell Investment Management Inc. lifted its stake in shares of PepsiCo by 0.3% in the 4th quarter. Leavell Investment Management Inc. now owns 27,844 shares of the company’s stock valued at $4,271,000 after purchasing an additional 71 shares during the last quarter. Finally, Legacy Financial Group LLC lifted its stake in shares of PepsiCo by 4.9% in the 1st quarter. Legacy Financial Group LLC now owns 1,514 shares of the company’s stock valued at $227,000 after purchasing an additional 71 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PEP. Barclays decreased their target price on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Monday, April 28th. Jefferies Financial Group lowered PepsiCo from a “buy” rating to a “hold” rating and decreased their target price for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. Evercore ISI set a $140.00 target price on PepsiCo in a research note on Thursday, April 24th. Dbs Bank lowered PepsiCo from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 9th. Finally, JPMorgan Chase & Co. increased their target price on PepsiCo from $158.00 to $159.00 and gave the stock a “neutral” rating in a research note on Monday, April 21st. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, PepsiCo presently has an average rating of “Hold” and a consensus target price of $160.69.

PepsiCo Trading Down 0.1%

PEP opened at $129.96 on Tuesday. PepsiCo, Inc. has a one year low of $127.75 and a one year high of $180.91. The company has a market cap of $178.19 billion, a P/E ratio of 18.70, a PEG ratio of 3.09 and a beta of 0.45. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The business’s 50-day simple moving average is $135.76 and its 200-day simple moving average is $145.84.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $17.92 billion during the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter in the previous year, the company posted $1.61 EPS. The company’s revenue was down 1.8% compared to the same quarter last year. As a group, equities research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a $1.4225 dividend. The ex-dividend date is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.38%. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s dividend payout ratio is presently 83.68%.

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.