Park National Corp OH Sells 4,841 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Park National Corp OH decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 7.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 63,555 shares of the company’s stock after selling 4,841 shares during the quarter. Park National Corp OH’s holdings in PepsiCo were worth $9,664,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Sterneck Capital Management LLC boosted its position in shares of PepsiCo by 18.6% during the fourth quarter. Sterneck Capital Management LLC now owns 1,642 shares of the company’s stock valued at $250,000 after buying an additional 257 shares during the last quarter. Innova Wealth Partners bought a new stake in shares of PepsiCo in the 4th quarter worth $480,000. Range Financial Group LLC raised its holdings in shares of PepsiCo by 24.0% in the fourth quarter. Range Financial Group LLC now owns 2,286 shares of the company’s stock valued at $348,000 after purchasing an additional 443 shares during the last quarter. Rise Advisors LLC lifted its position in shares of PepsiCo by 10.2% during the fourth quarter. Rise Advisors LLC now owns 1,225 shares of the company’s stock valued at $186,000 after purchasing an additional 113 shares in the last quarter. Finally, ShankerValleau Wealth Advisors Inc. grew its position in PepsiCo by 2.4% in the 4th quarter. ShankerValleau Wealth Advisors Inc. now owns 8,529 shares of the company’s stock worth $1,297,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Down 0.6 %

Shares of PEP stock opened at $145.40 on Wednesday. PepsiCo, Inc. has a 1 year low of $145.34 and a 1 year high of $183.41. The company’s fifty day simple moving average is $158.60 and its two-hundred day simple moving average is $166.97. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The stock has a market capitalization of $199.49 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 2.94 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.01. The business had revenue of $23.32 billion for the quarter, compared to analysts’ expectations of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.25 EPS. As a group, analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were given a $1.355 dividend. The ex-dividend date was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.73%. PepsiCo’s dividend payout ratio (DPR) is currently 79.94%.

Analysts Set New Price Targets

PEP has been the topic of several recent analyst reports. Morgan Stanley cut shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price on the stock. in a research report on Friday, September 20th. Hsbc Global Res raised PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Bank of America decreased their target price on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Deutsche Bank Aktiengesellschaft raised shares of PepsiCo from a “hold” rating to a “buy” rating and boosted their price target for the stock from $179.00 to $184.00 in a report on Thursday, December 12th. Finally, Royal Bank of Canada decreased their price objective on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a report on Friday, October 4th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $182.29.

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.