Centennial Bank AR Grows Position in PepsiCo, Inc. (NASDAQ:PEP)

Centennial Bank AR increased its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,086 shares of the company’s stock after purchasing an additional 83 shares during the quarter. Centennial Bank AR’s holdings in PepsiCo were worth $838,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in PEP. Edge Capital Group LLC raised its stake in PepsiCo by 3.9% during the fourth quarter. Edge Capital Group LLC now owns 9,839 shares of the company’s stock valued at $1,671,000 after buying an additional 373 shares during the last quarter. Fairview Capital Investment Management LLC raised its stake in PepsiCo by 4.2% during the fourth quarter. Fairview Capital Investment Management LLC now owns 3,387 shares of the company’s stock valued at $575,000 after buying an additional 135 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of PepsiCo by 106.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 216,291 shares of the company’s stock worth $36,735,000 after purchasing an additional 111,675 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of PepsiCo by 2.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 93,556 shares of the company’s stock worth $15,890,000 after purchasing an additional 2,141 shares in the last quarter. Finally, Morningstar Investment Management LLC increased its holdings in shares of PepsiCo by 182.0% in the 4th quarter. Morningstar Investment Management LLC now owns 8,952 shares of the company’s stock worth $1,520,000 after purchasing an additional 5,778 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 0.8 %

Shares of NASDAQ:PEP opened at $171.38 on Wednesday. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $183.41. The stock has a market cap of $235.61 billion, a P/E ratio of 24.87, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53. The business’s 50 day moving average is $173.92 and its 200 day moving average is $172.17. The company has a quick ratio of 0.64, a current ratio of 0.83 and a debt-to-equity ratio of 1.87.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Thursday, July 11th. The company reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.12. The company had revenue of $22.50 billion during the quarter, compared to analyst estimates of $22.59 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. PepsiCo’s revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.09 earnings per share. Sell-side analysts predict that PepsiCo, Inc. will post 8.14 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were issued a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.16%. PepsiCo’s dividend payout ratio is currently 78.66%.

Analysts Set New Price Targets

Several brokerages recently commented on PEP. Bank of America cut their price objective on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a report on Monday. Barclays boosted their price target on PepsiCo from $179.00 to $187.00 and gave the company an “overweight” rating in a report on Friday, July 19th. TD Cowen cut their price target on PepsiCo from $200.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, July 3rd. Wells Fargo & Company cut their price target on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Finally, Morgan Stanley downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective on the stock. in a research report on Friday, September 20th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $185.40.

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.