First National Bank & Trust Co. of Newtown Sells 533 Shares of PepsiCo, Inc. (NASDAQ:PEP)

First National Bank & Trust Co. of Newtown trimmed its stake in PepsiCo, Inc. (NASDAQ:PEP) by 1.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,240 shares of the company’s stock after selling 533 shares during the period. PepsiCo makes up approximately 1.3% of First National Bank & Trust Co. of Newtown’s portfolio, making the stock its 13th biggest holding. First National Bank & Trust Co. of Newtown’s holdings in PepsiCo were worth $7,013,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of PEP. M&G Plc boosted its stake in shares of PepsiCo by 3.6% in the 2nd quarter. M&G Plc now owns 426,269 shares of the company’s stock valued at $70,334,000 after purchasing an additional 14,724 shares in the last quarter. GFS Advisors LLC boosted its position in PepsiCo by 13,209.4% during the third quarter. GFS Advisors LLC now owns 72,270 shares of the company’s stock valued at $12,290,000 after buying an additional 71,727 shares during the period. Fiduciary Family Office LLC grew its stake in shares of PepsiCo by 119.6% during the third quarter. Fiduciary Family Office LLC now owns 6,843 shares of the company’s stock valued at $1,164,000 after buying an additional 3,727 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of PepsiCo by 0.8% in the second quarter. Nisa Investment Advisors LLC now owns 387,155 shares of the company’s stock worth $63,853,000 after buying an additional 2,976 shares during the period. Finally, Viking Fund Management LLC lifted its stake in shares of PepsiCo by 8.2% in the 3rd quarter. Viking Fund Management LLC now owns 66,000 shares of the company’s stock valued at $11,223,000 after acquiring an additional 5,000 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Down 0.4 %

PepsiCo stock opened at $164.00 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 12 month low of $158.03 and a 12 month high of $183.41. The firm has a market cap of $225.01 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 3.10 and a beta of 0.53. The stock has a fifty day simple moving average of $172.50 and a two-hundred day simple moving average of $172.11.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The firm had revenue of $23.32 billion during the quarter, compared to analysts’ expectations of $23.86 billion. During the same period in the previous year, the company earned $2.25 earnings per share. The firm’s quarterly revenue was down .6% on a year-over-year basis. Equities analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Barclays lowered their price objective on PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. DZ Bank lowered shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price for the company. in a report on Friday, July 19th. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Bank of America dropped their price objective on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, PepsiCo has a consensus rating of “Hold” and an average price target of $183.92.

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.