Trust Co of the South Has $838,000 Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Trust Co of the South reduced its stake in PepsiCo, Inc. (NASDAQ:PEP) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,508 shares of the company’s stock after selling 119 shares during the period. Trust Co of the South’s holdings in PepsiCo were worth $838,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Global Wealth Strategies & Associates grew its position in shares of PepsiCo by 145.3% in the 4th quarter. Global Wealth Strategies & Associates now owns 390 shares of the company’s stock valued at $59,000 after purchasing an additional 231 shares during the period. SK Wealth Management LLC bought a new stake in PepsiCo during the 3rd quarter worth about $384,000. Independent Solutions Wealth Management LLC raised its holdings in PepsiCo by 27.2% during the third quarter. Independent Solutions Wealth Management LLC now owns 3,361 shares of the company’s stock worth $572,000 after acquiring an additional 719 shares in the last quarter. Brass Tax Wealth Management Inc. increased its position in shares of PepsiCo by 8.7% during the 3rd quarter. Brass Tax Wealth Management Inc. now owns 2,660 shares of the company’s stock worth $452,000 after purchasing an additional 212 shares during the last quarter. Finally, Retirement Systems of Alabama grew its stake in shares of PepsiCo by 22.1% in the third quarter. Retirement Systems of Alabama now owns 657,482 shares of the company’s stock valued at $111,805,000 after buying an additional 118,983 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 1.2 %

PEP stock traded down $1.89 during trading on Thursday, reaching $150.17. 2,184,219 shares of the stock were exchanged, compared to its average volume of 5,585,426. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a twelve month low of $149.71 and a twelve month high of $183.41. The firm’s 50 day moving average is $160.39 and its 200 day moving average is $167.49. The firm has a market cap of $206.03 billion, a P/E ratio of 22.15, a price-to-earnings-growth ratio of 2.94 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The business had revenue of $23.32 billion for the quarter, compared to analysts’ expectations of $23.86 billion. During the same quarter last year, the firm earned $2.25 EPS. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, research analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 6th will be issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend is Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is 79.94%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PEP. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. TD Cowen downgraded PepsiCo from a “buy” rating to a “hold” rating and reduced their price target for the company from $190.00 to $183.00 in a research note on Thursday, October 10th. Morgan Stanley downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price for the company. in a report on Friday, September 20th. Royal Bank of Canada decreased their price target on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research note on Friday, October 4th. Finally, Barclays decreased their target price on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, PepsiCo presently has an average rating of “Hold” and a consensus target price of $184.31.

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.