Arbor Trust Wealth Advisors LLC Has $1.11 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Arbor Trust Wealth Advisors LLC raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,497 shares of the company’s stock after acquiring an additional 100 shares during the quarter. Arbor Trust Wealth Advisors LLC’s holdings in PepsiCo were worth $1,112,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. DHJJ Financial Advisors Ltd. bought a new position in shares of PepsiCo in the third quarter valued at approximately $25,000. LFA Lugano Financial Advisors SA raised its position in shares of PepsiCo by 80.5% in the fourth 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 during the period. Life Planning Partners Inc bought a new position in shares of PepsiCo in the fourth quarter valued at approximately $34,000. Avion Wealth raised its position in shares of PepsiCo by 61.7% in the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after purchasing an additional 92 shares during the period. Finally, Financial Connections Group Inc. bought a new position in shares of PepsiCo in the fourth quarter valued at approximately $44,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on PEP. Argus lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Wedbush reaffirmed an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a research report on Friday, February 9th. Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a research report on Monday, March 18th. Jefferies Financial Group boosted their target price on shares of PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Finally, Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $180.00 to $195.00 in a research report on Monday, February 12th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, PepsiCo has an average rating of “Moderate Buy” and an average price target of $186.92.

PepsiCo Stock Performance

PEP traded up $0.55 during trading on Tuesday, reaching $167.50. 4,568,835 shares of the company’s stock were exchanged, compared to its average volume of 5,747,456. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $196.88. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 2.02. The business has a 50 day moving average price of $168.70 and a 200 day moving average price of $167.38. The company has a market capitalization of $230.23 billion, a P/E ratio of 25.61, a PEG ratio of 2.64 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. The company had revenue of $27.84 billion during the quarter, compared to analysts’ expectations of $28.40 billion. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The business’s revenue was down .6% on a year-over-year basis. During the same period last year, the business earned $1.67 earnings per share. As a group, analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were issued a dividend of $1.265 per share. The ex-dividend date was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a dividend yield of 3.02%. PepsiCo’s payout ratio is presently 77.02%.

About PepsiCo

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.