PepsiCo, Inc. (NASDAQ:PEP) Stock Position Lessened by Peoples Bank KS

Peoples Bank KS trimmed its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,289 shares of the company’s stock after selling 307 shares during the period. PepsiCo makes up approximately 2.3% of Peoples Bank KS’s holdings, making the stock its 8th biggest holding. Peoples Bank KS’s holdings in PepsiCo were worth $3,450,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Exencial Wealth Advisors LLC lifted its position in PepsiCo by 3.5% during the 4th quarter. Exencial Wealth Advisors LLC now owns 26,562 shares of the company’s stock worth $4,511,000 after acquiring an additional 892 shares during the period. Envestnet Asset Management Inc. raised its position in PepsiCo by 9.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 2,863,617 shares of the company’s stock worth $486,357,000 after buying an additional 237,669 shares during the last quarter. Morningstar Investment Services LLC boosted its holdings in shares of PepsiCo by 168.1% in the 4th quarter. Morningstar Investment Services LLC now owns 10,135 shares of the company’s stock valued at $1,717,000 after acquiring an additional 6,354 shares during the last quarter. CenterBook Partners LP increased its stake in shares of PepsiCo by 29.2% in the fourth quarter. CenterBook Partners LP now owns 10,771 shares of the company’s stock worth $1,829,000 after acquiring an additional 2,434 shares during the period. Finally, NCM Capital Management LLC lifted its position in PepsiCo by 10.2% during the fourth quarter. NCM Capital Management LLC now owns 5,122 shares of the company’s stock valued at $870,000 after purchasing an additional 475 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Down 0.3 %

PEP traded down $0.56 during trading hours on Friday, hitting $167.97. 4,315,757 shares of the company’s stock were exchanged, compared to its average volume of 5,492,400. 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, Inc. has a 12-month low of $155.83 and a 12-month high of $183.41. The firm has a market cap of $230.72 billion, a P/E ratio of 24.38, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53. The firm has a 50 day moving average of $173.90 and a 200 day moving average of $172.13.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, July 11th. The company reported $2.28 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.12. The company had revenue of $22.50 billion for the quarter, compared to the consensus estimate 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 EPS. Analysts predict that PepsiCo, Inc. will post 8.14 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were given a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.23%. The ex-dividend date was Friday, September 6th. PepsiCo’s dividend payout ratio (DPR) is presently 78.66%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PEP shares. DZ Bank lowered PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective for the company. in a research note on Friday, July 19th. Morgan Stanley downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price target for the company. in a report on Friday, September 20th. JPMorgan Chase & Co. raised their price objective on shares of PepsiCo from $182.00 to $185.00 and gave the stock a “neutral” rating in a research note on Tuesday. Bank of America lowered their price target on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a report on Monday. Finally, Jefferies Financial Group cut their price objective on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $185.29.

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.