First National Bank of Hutchinson Has $1.09 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

First National Bank of Hutchinson boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 15.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,144 shares of the company’s stock after buying an additional 939 shares during the quarter. First National Bank of Hutchinson’s holdings in PepsiCo were worth $1,086,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Collier Financial acquired a new position in PepsiCo during the fourth quarter valued at approximately $28,000. Legacy Investment Solutions LLC bought a new stake in shares of PepsiCo during the 3rd quarter worth approximately $31,000. Creative Capital Management Investments LLC acquired a new stake in shares of PepsiCo in the 4th quarter valued at approximately $30,000. Bay Harbor Wealth Management LLC bought a new position in shares of PepsiCo in the fourth quarter valued at $34,000. Finally, Human Investing LLC acquired a new position in PepsiCo during the fourth quarter worth $39,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 0.6 %

Shares of NASDAQ:PEP opened at $148.11 on Thursday. The company has a market capitalization of $203.13 billion, a P/E ratio of 21.31, a P/E/G ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The business’s 50 day simple moving average is $148.97 and its 200 day simple moving average is $159.50.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same quarter last year, the business posted $1.78 EPS. The firm’s revenue for the quarter was down .2% on a year-over-year basis. On average, research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.66%. PepsiCo’s dividend payout ratio (DPR) is currently 77.99%.

Wall Street Analyst Weigh In

PEP has been the subject of a number of analyst reports. Jefferies Financial Group downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and decreased their price objective for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. UBS Group lowered their price target on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Piper Sandler began coverage on PepsiCo in a research report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective for the company. Citigroup dropped their price target on PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $169.88.

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.