First American Trust FSB Sells 14,357 Shares of PepsiCo, Inc. (PEP)

First American Trust FSB lowered its position in PepsiCo, Inc. (NASDAQ:PEP) by 20.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,682 shares of the company’s stock after selling 14,357 shares during the quarter. PepsiCo makes up approximately 1.4% of First American Trust FSB’s holdings, making the stock its 16th biggest position. First American Trust FSB’s holdings in PepsiCo were worth $6,063,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Wagner Wealth Management LLC bought a new stake in shares of PepsiCo during the 4th quarter worth about $109,000. Certified Advisory Corp bought a new stake in shares of PepsiCo during the 4th quarter worth about $134,000. Well Done LLC bought a new stake in shares of PepsiCo during the 1st quarter worth about $125,000. Pinnacle Wealth Planning Services Inc. bought a new stake in shares of PepsiCo during the 4th quarter worth about $140,000. Finally, Avestar Capital LLC bought a new stake in shares of PepsiCo during the 4th quarter worth about $154,000. Hedge funds and other institutional investors own 69.95% of the company’s stock.

NASDAQ PEP opened at $112.87 on Monday. PepsiCo, Inc. has a twelve month low of $95.94 and a twelve month high of $122.51. The company has a quick ratio of 1.09, a current ratio of 1.24 and a debt-to-equity ratio of 3.00. The stock has a market cap of $160.81 billion, a P/E ratio of 21.58, a price-to-earnings-growth ratio of 2.68 and a beta of 0.71.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, July 10th. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.08. PepsiCo had a return on equity of 67.06% and a net margin of 7.14%. The business had revenue of $16.09 billion during the quarter, compared to analysts’ expectations of $16.05 billion. During the same quarter in the previous year, the firm earned $1.50 EPS. The firm’s revenue was up 2.4% compared to the same quarter last year. analysts expect that PepsiCo, Inc. will post 5.69 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 7th will be given a dividend of $0.9275 per share. The ex-dividend date is Thursday, September 6th. This represents a $3.71 annualized dividend and a dividend yield of 3.29%. PepsiCo’s dividend payout ratio is presently 70.94%.

Several analysts have recently issued reports on the company. Jefferies Financial Group reiterated a “hold” rating and set a $107.00 price target on shares of PepsiCo in a research note on Monday, August 6th. SunTrust Banks upped their price target on PepsiCo to $110.00 and gave the stock a “hold” rating in a research note on Tuesday, July 24th. BidaskClub upgraded PepsiCo from a “hold” rating to a “buy” rating in a research note on Wednesday, July 18th. Zacks Investment Research upgraded PepsiCo from a “sell” rating to a “hold” rating in a research note on Sunday, July 15th. Finally, Cfra set a $129.00 price target on PepsiCo and gave the stock a “buy” rating in a research note on Tuesday, July 10th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $120.35.

PepsiCo Profile

PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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