PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Simmons Bank

Simmons Bank lowered its stake in PepsiCo, Inc. (NASDAQ:PEP) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 67,851 shares of the company’s stock after selling 3,612 shares during the period. Simmons Bank’s holdings in PepsiCo were worth $10,317,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of PEP. Highline Wealth Partners LLC acquired a new stake in shares of PepsiCo during the third quarter valued at approximately $28,000. Collier Financial purchased a new position in PepsiCo during the 4th quarter worth approximately $28,000. Legacy Investment Solutions LLC acquired a new stake in PepsiCo during the 3rd quarter valued at $31,000. Rakuten Securities Inc. lifted its holdings in shares of PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after purchasing an additional 96 shares in the last quarter. Finally, Creative Capital Management Investments LLC acquired a new stake in shares of PepsiCo in the fourth quarter worth $30,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

PEP has been the topic of several recent analyst reports. Evercore ISI dropped their price target on PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. UBS Group dropped their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. TD Cowen cut their target price on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Barclays dropped their price target on shares of PepsiCo from $158.00 to $153.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Finally, Wells Fargo & Company lowered their target price on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $171.47.

PepsiCo Stock Performance

PEP opened at $156.42 on Wednesday. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The firm has a market capitalization of $214.53 billion, a P/E ratio of 22.51, a price-to-earnings-growth ratio of 3.09 and a beta of 0.54. The stock’s 50 day moving average price is $148.62 and its two-hundred day moving average price is $161.87. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.02. The business had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm’s revenue was down .2% on a year-over-year basis. During the same quarter last year, the company earned $1.78 earnings per share. On average, equities analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.47%. PepsiCo’s dividend payout ratio is currently 77.99%.

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.