Arlington Trust Co LLC Purchases 502 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Arlington Trust Co LLC boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 10.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,180 shares of the company’s stock after buying an additional 502 shares during the period. Arlington Trust Co LLC’s holdings in PepsiCo were worth $854,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of PepsiCo in the 4th quarter valued at approximately $2,686,139,000. Franklin Resources Inc. lifted its stake in shares of PepsiCo by 17.7% in the 4th quarter. Franklin Resources Inc. now owns 8,954,951 shares of the company’s stock valued at $1,520,909,000 after purchasing an additional 1,345,065 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of PepsiCo by 15.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,421,163 shares of the company’s stock valued at $1,430,250,000 after purchasing an additional 1,105,127 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of PepsiCo by 6.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,644,059 shares of the company’s stock valued at $1,128,413,000 after purchasing an additional 375,963 shares during the last quarter. Finally, Stifel Financial Corp lifted its stake in shares of PepsiCo by 15.7% in the 4th quarter. Stifel Financial Corp now owns 5,121,600 shares of the company’s stock valued at $869,869,000 after purchasing an additional 693,873 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Down 0.3 %

Shares of NASDAQ:PEP opened at $177.34 on Friday. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $183.41. The business’s fifty day simple moving average is $170.96 and its 200-day simple moving average is $171.15. The company has a market capitalization of $243.59 billion, a PE ratio of 25.74, a P/E/G ratio of 2.98 and a beta of 0.53. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.87.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, July 11th. The company reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.12. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. The business had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $22.59 billion. During the same period last year, the business posted $2.09 EPS. The business’s revenue was up .8% compared to the same quarter last year. As a group, equities research analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be issued a $1.355 dividend. The ex-dividend date is Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.06%. PepsiCo’s dividend payout ratio is presently 78.66%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on PEP shares. Royal Bank of Canada reduced their price target on PepsiCo from $180.00 to $177.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a report on Wednesday, August 28th. DZ Bank downgraded PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target on the stock. in a report on Friday, July 19th. BNP Paribas started coverage on PepsiCo in a report on Monday, June 24th. They issued a “neutral” rating and a $174.00 price target on the stock. Finally, TD Cowen reduced their price target on PepsiCo from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Wednesday, July 3rd. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $185.53.

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.