Pinnacle Bancorp Inc. Acquires 150 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Pinnacle Bancorp Inc. raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 2.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,366 shares of the company’s stock after buying an additional 150 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in PepsiCo were worth $1,289,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of PEP. LFA Lugano Financial Advisors SA boosted its stake in shares of PepsiCo by 80.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after purchasing an additional 70 shares in the last quarter. Fortis Group Advisors LLC lifted its position in PepsiCo by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after buying an additional 97 shares in the last quarter. Life Planning Partners Inc acquired a new position in PepsiCo during the 4th quarter worth about $34,000. Naples Money Management LLC acquired a new position in PepsiCo during the 4th quarter worth about $36,000. Finally, Criterion Capital Advisors LLC acquired a new position in PepsiCo during the 4th quarter worth about $39,000. Institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on PEP shares. Argus downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a research report on Monday, March 18th. JPMorgan Chase & Co. upped their price target on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “neutral” rating in a research report on Wednesday. Barclays reduced their price target on shares of PepsiCo from $185.00 to $180.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 12th. Finally, BNP Paribas started coverage on shares of PepsiCo in a research report on Monday, June 24th. They set a “neutral” rating and a $174.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $186.38.

Insider Activity

In related news, CEO Ramkumar Krishnan sold 5,620 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the completion of the sale, the chief executive officer now directly owns 53,953 shares of the company’s stock, valued at approximately $9,603,634. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.15% of the stock is currently owned by company insiders.

PepsiCo Stock Performance

Shares of PEP stock opened at $164.93 on Friday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. The stock has a market cap of $226.74 billion, a PE ratio of 24.80, a price-to-earnings-growth ratio of 2.73 and a beta of 0.52. The stock has a 50-day moving average of $173.37 and a 200-day moving average of $170.30. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $192.38.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. The company had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. PepsiCo’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.50 EPS. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.16 earnings per share for the current year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were paid a $1.355 dividend. The ex-dividend date was Friday, June 7th. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.29%. PepsiCo’s dividend payout ratio is 81.50%.

PepsiCo Company 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.