Pioneer Trust Bank N A OR Reduces Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Pioneer Trust Bank N A OR lowered its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 62,209 shares of the company’s stock after selling 1,105 shares during the quarter. PepsiCo accounts for about 3.3% of Pioneer Trust Bank N A OR’s investment portfolio, making the stock its 9th largest position. Pioneer Trust Bank N A OR’s holdings in PepsiCo were worth $11,522,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Moneta Group Investment Advisors LLC grew its position in PepsiCo by 95,514.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 42,876,248 shares of the company’s stock worth $7,746,023,000 after buying an additional 42,831,405 shares in the last quarter. Morgan Stanley lifted its position in shares of PepsiCo by 21.0% in the 4th quarter. Morgan Stanley now owns 26,720,027 shares of the company’s stock worth $4,827,240,000 after acquiring an additional 4,629,947 shares during the period. Geode Capital Management LLC grew its holdings in shares of PepsiCo by 1.9% during the 1st quarter. Geode Capital Management LLC now owns 26,126,523 shares of the company’s stock worth $4,751,555,000 after purchasing an additional 489,343 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of PepsiCo by 5.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 17,880,236 shares of the company’s stock valued at $3,259,567,000 after purchasing an additional 872,064 shares in the last quarter. Finally, Norges Bank bought a new position in PepsiCo in the fourth quarter worth $2,519,707,000. 71.40% of the stock is owned by institutional investors.

PepsiCo Stock Down 0.3 %

Shares of NASDAQ:PEP opened at $179.38 on Tuesday. PepsiCo, Inc. has a 12 month low of $160.98 and a 12 month high of $196.88. The firm has a market cap of $246.93 billion, a P/E ratio of 31.42, a P/E/G ratio of 2.95 and a beta of 0.54. The company has a quick ratio of 0.64, a current ratio of 0.84 and a debt-to-equity ratio of 2.02. The company’s 50-day moving average price is $182.67 and its two-hundred day moving average price is $184.61.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, July 13th. The company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.13. PepsiCo had a net margin of 8.76% and a return on equity of 56.05%. The business had revenue of $22.32 billion during the quarter, compared to analyst estimates of $21.73 billion. During the same quarter last year, the business posted $1.86 earnings per share. PepsiCo’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, research analysts forecast that PepsiCo, Inc. will post 7.48 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be issued a $1.265 dividend. This represents a $5.06 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Thursday, August 31st. PepsiCo’s dividend payout ratio is 88.62%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Argus increased their price objective on shares of PepsiCo from $206.00 to $212.00 in a research note on Friday, July 14th. Barclays dropped their price target on shares of PepsiCo from $206.00 to $198.00 in a research report on Monday, July 10th. Deutsche Bank Aktiengesellschaft lifted their price objective on PepsiCo from $193.00 to $195.00 in a report on Friday, July 14th. Royal Bank of Canada raised their target price on PepsiCo from $178.00 to $180.00 in a research report on Friday, July 14th. Finally, Morgan Stanley cut PepsiCo from an “overweight” rating to an “equal weight” rating and set a $210.00 price target on the stock. in a research report on Monday, July 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $192.00.

PepsiCo Company Profile

PepsiCo, Inc manufactures, markets, distributes, and sells 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.