Members Trust Co Sells 100 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Members Trust Co lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,356 shares of the company’s stock after selling 100 shares during the quarter. Members Trust Co’s holdings in PepsiCo were worth $1,081,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Flossbach Von Storch AG raised its stake in PepsiCo by 67.2% in the first quarter. Flossbach Von Storch AG now owns 4,560,007 shares of the company’s stock valued at $798,047,000 after buying an additional 1,832,385 shares during the period. Swedbank AB grew its stake in shares of PepsiCo by 211.4% during the third quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock worth $398,847,000 after buying an additional 1,592,343 shares during the last quarter. PineStone Asset Management Inc. lifted its holdings in PepsiCo by 125.2% during the 2nd quarter. PineStone Asset Management Inc. now owns 2,740,573 shares of the company’s stock worth $452,003,000 after buying an additional 1,523,631 shares during the period. Van ECK Associates Corp increased its position in shares of PepsiCo by 429.3% during the first quarter. Van ECK Associates Corp now owns 1,454,793 shares of the company’s stock worth $254,603,000 after buying an additional 1,179,922 shares during the period. Finally, Confluence Investment Management LLC acquired a new position in shares of PepsiCo in the 1st quarter valued at about $166,243,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 0.1 %

Shares of PEP traded down $0.12 during trading hours on Tuesday, reaching $175.98. 2,601,624 shares of the company traded hands, compared to its average volume of 5,490,961. PepsiCo, Inc. has a 12-month low of $158.03 and a 12-month high of $183.41. The stock’s fifty day moving average price is $173.56 and its 200 day moving average price is $172.08. The firm has a market cap of $241.93 billion, a price-to-earnings ratio of 25.63, a PEG ratio of 3.11 and a beta of 0.53. The company has a current ratio of 0.89, a quick ratio of 0.64 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $23.86 billion. During the same period last year, the company posted $2.25 earnings per share. The company’s quarterly revenue was down .6% compared to the same quarter last year. Sell-side analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were paid a $1.355 dividend. The ex-dividend date was Friday, September 6th. This represents a $5.42 annualized dividend and a yield of 3.08%. PepsiCo’s dividend payout ratio (DPR) is presently 78.66%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Wells Fargo & Company cut their price target on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. TD Cowen downgraded shares of 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 report on Thursday, October 10th. Royal Bank of Canada dropped their price objective 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. Bank of America dropped their price target on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Finally, StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $183.92.

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.