Family Capital Trust Co Acquires 455 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Family Capital Trust Co increased its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 33,348 shares of the company’s stock after buying an additional 455 shares during the period. PepsiCo comprises approximately 1.7% of Family Capital Trust Co’s holdings, making the stock its 17th largest position. Family Capital Trust Co’s holdings in PepsiCo were worth $5,071,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of PEP. Highline Wealth Partners LLC bought a new position in PepsiCo during the 3rd quarter valued at about $28,000. Legacy Investment Solutions LLC bought a new position in PepsiCo in the 3rd quarter worth about $31,000. Rakuten Securities Inc. grew its stake in PepsiCo by 93.2% in the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after acquiring an additional 96 shares in the last quarter. Bay Harbor Wealth Management LLC bought a new position in PepsiCo in the 4th quarter worth about $34,000. Finally, ORG Wealth Partners LLC bought a new position in PepsiCo in the 3rd quarter worth about $44,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

NASDAQ:PEP opened at $144.58 on Friday. The company’s 50-day moving average is $151.42 and its two-hundred day moving average is $164.10. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.70. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The firm has a market capitalization of $198.29 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 2.89 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same period in the prior year, the business earned $1.78 EPS. The firm’s quarterly revenue was down .2% on a year-over-year basis. Analysts forecast that PepsiCo, Inc. will post 8.34 EPS for the current year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on PEP shares. BNP Paribas dropped their price objective on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Evercore ISI decreased their target price on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. JPMorgan Chase & Co. decreased their price target on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a report on Friday, January 24th. TD Cowen reduced their target price on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Finally, Citigroup decreased their target price on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, PepsiCo presently has an average rating of “Hold” and an average price target of $171.47.

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.