Glenview State Bank Trust DEPT. grew its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 0.9% in the 4th quarter, HoldingsChannel reports. The fund owned 55,812 shares of the company’s stock after buying an additional 504 shares during the period. PepsiCo makes up 3.0% of Glenview State Bank Trust DEPT.’s holdings, making the stock its 11th biggest holding. Glenview State Bank Trust DEPT.’s holdings in PepsiCo were worth $6,166,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Highwater Wealth Management LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at approximately $28,000. Horan Securities Inc. grew its holdings in PepsiCo by 460.0% in the 4th quarter. Horan Securities Inc. now owns 280 shares of the company’s stock valued at $30,000 after buying an additional 230 shares in the last quarter. Sound Income Strategies LLC grew its holdings in PepsiCo by 50.8% in the 4th quarter. Sound Income Strategies LLC now owns 597 shares of the company’s stock valued at $66,000 after buying an additional 201 shares in the last quarter. Ayalon Holdings Ltd. purchased a new stake in PepsiCo in the 4th quarter valued at $74,000. Finally, Tributary Capital Management LLC purchased a new stake in PepsiCo in the 4th quarter valued at $93,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

PEP stock opened at $123.66 on Tuesday. PepsiCo, Inc. has a 12-month low of $95.94 and a 12-month high of $124.00. The company has a quick ratio of 0.85, a current ratio of 0.99 and a debt-to-equity ratio of 1.94. The stock has a market cap of $172.08 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 3.05 and a beta of 0.65.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Friday, February 15th. The company reported $1.49 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.49. PepsiCo had a return on equity of 69.83% and a net margin of 19.35%. The company had revenue of $19.52 billion for the quarter, compared to analysts’ expectations of $19.52 billion. During the same quarter in the previous year, the firm posted $1.31 earnings per share. The firm’s quarterly revenue was up .0% on a year-over-year basis. On average, research analysts anticipate that PepsiCo, Inc. will post 5.5 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 1st were issued a $0.9275 dividend. This represents a $3.71 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend was Thursday, February 28th. PepsiCo’s dividend payout ratio is currently 65.55%.

Several brokerages have recently commented on PEP. BidaskClub lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. Zacks Investment Research raised PepsiCo from a “sell” rating to a “hold” rating in a research note on Tuesday, February 12th. Jefferies Financial Group upped their price target on PepsiCo to $119.00 and gave the company a “hold” rating in a research note on Tuesday, February 19th. They noted that the move was a valuation call. Cowen upped their price target on PepsiCo from $124.00 to $133.00 and gave the company an “outperform” rating in a research note on Tuesday, February 19th. Finally, Credit Suisse Group began coverage on PepsiCo in a research note on Wednesday, March 6th. They issued an “underperform” rating and a $100.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $118.79.

In related news, CEO Vivek Sankaran sold 13,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $117.28, for a total value of $1,524,640.00. Following the completion of the sale, the chief executive officer now directly owns 90,379 shares of the company’s stock, valued at $10,599,649.12. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.28% of the stock is owned by insiders.

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PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its 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 Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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