Country Club Bank Has $3.34 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Country Club Bank cut its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 22,034 shares of the company’s stock after selling 219 shares during the quarter. Country Club Bank’s holdings in PepsiCo were worth $3,343,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. AMF Tjanstepension AB boosted its position in PepsiCo by 15.8% during the 3rd quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock worth $50,016,000 after acquiring an additional 40,031 shares during the last quarter. Czech National Bank boosted its position in PepsiCo by 6.8% during the 3rd quarter. Czech National Bank now owns 279,811 shares of the company’s stock worth $47,582,000 after acquiring an additional 17,833 shares during the last quarter. Miracle Mile Advisors LLC boosted its position in PepsiCo by 12.4% during the 3rd quarter. Miracle Mile Advisors LLC now owns 13,829 shares of the company’s stock worth $2,352,000 after acquiring an additional 1,527 shares during the last quarter. Atwood & Palmer Inc. boosted its position in PepsiCo by 1.2% during the 3rd quarter. Atwood & Palmer Inc. now owns 13,753 shares of the company’s stock worth $2,339,000 after acquiring an additional 160 shares during the last quarter. Finally, Pacifica Partners Inc. boosted its position in PepsiCo by 4.6% during the 3rd quarter. Pacifica Partners Inc. now owns 20,425 shares of the company’s stock worth $3,473,000 after acquiring an additional 892 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PEP. Piper Sandler started coverage on PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target for the company. TD Cowen dropped their price objective on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Evercore ISI dropped their price objective on PepsiCo from $180.00 to $160.00 in a research note on Tuesday. HSBC dropped their price objective on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research note on Tuesday. Finally, BNP Paribas dropped their price objective on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $174.53.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $143.49 on Wednesday. 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’s fifty day moving average price is $152.86 and its two-hundred day moving average price is $164.71. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The firm has a market cap of $196.87 billion, a price-to-earnings ratio of 21.16, a P/E/G ratio of 2.92 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. The firm had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.78 EPS. On average, equities analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.78%. The ex-dividend date was Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is currently 79.94%.

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.