Trust Co of the South Buys 1,331 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Trust Co of the South increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 31.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,627 shares of the company’s stock after purchasing an additional 1,331 shares during the quarter. Trust Co of the South’s holdings in PepsiCo were worth $957,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in PEP. Annex Advisory Services LLC grew its stake in PepsiCo by 6.6% during the 4th quarter. Annex Advisory Services LLC now owns 5,562 shares of the company’s stock worth $945,000 after buying an additional 343 shares during the last quarter. Magellan Asset Management Ltd increased its holdings in shares of PepsiCo by 18.7% during the fourth quarter. Magellan Asset Management Ltd now owns 5,318 shares of the company’s stock valued at $903,000 after acquiring an additional 836 shares in the last quarter. Exencial Wealth Advisors LLC boosted its stake in PepsiCo by 3.5% in the 4th quarter. Exencial Wealth Advisors LLC now owns 26,562 shares of the company’s stock worth $4,511,000 after purchasing an additional 892 shares in the last quarter. Pinnacle West Asset Management Inc. grew its position in PepsiCo by 4.6% during the 4th quarter. Pinnacle West Asset Management Inc. now owns 5,405 shares of the company’s stock worth $918,000 after purchasing an additional 240 shares during the last quarter. Finally, Stephens Inc. AR raised its holdings in shares of PepsiCo by 5.2% in the fourth quarter. Stephens Inc. AR now owns 165,281 shares of the company’s stock worth $28,071,000 after buying an additional 8,097 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 1.1 %

PEP opened at $169.55 on Thursday. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $183.41. The company has a quick ratio of 0.64, a current ratio of 0.83 and a debt-to-equity ratio of 1.87. The business has a fifty day simple moving average of $173.95 and a 200-day simple moving average of $172.15. The firm has a market cap of $232.89 billion, a P/E ratio of 24.61, a P/E/G ratio of 2.93 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, July 11th. The company reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.12. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The firm had revenue of $22.50 billion during the quarter, compared to analysts’ expectations of $22.59 billion. During the same quarter in the previous year, the business posted $2.09 earnings per share. The business’s quarterly revenue was up .8% compared to the same quarter last year. On average, equities analysts expect that PepsiCo, Inc. will post 8.14 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were issued a $1.355 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $5.42 annualized dividend and a yield of 3.20%. PepsiCo’s dividend payout ratio (DPR) is 78.66%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Morgan Stanley lowered PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective on the stock. in a report on Friday, September 20th. Barclays lifted their price objective on shares of PepsiCo from $179.00 to $187.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Wells Fargo & Company cut their price objective on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. BNP Paribas assumed coverage on shares of PepsiCo in a research report on Monday, June 24th. They set a “neutral” rating and a $174.00 target price for the company. Finally, StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $185.40.

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.