Trust Co. of Oklahoma cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 0.9% during the second quarter, HoldingsChannel.com reports. The firm owned 30,356 shares of the company’s stock after selling 284 shares during the period. PepsiCo accounts for 2.1% of Trust Co. of Oklahoma’s portfolio, making the stock its 10th biggest position. Trust Co. of Oklahoma’s holdings in PepsiCo were worth $5,623,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in PEP. Clear Investment Research LLC acquired a new position in PepsiCo during the 4th quarter valued at approximately $25,000. Freedom Wealth Alliance LLC purchased a new position in PepsiCo in the 4th quarter worth $29,000. Silicon Valley Capital Partners purchased a new stake in PepsiCo during the 4th quarter valued at about $36,000. Carderock Capital Management Inc. acquired a new position in shares of PepsiCo in the first quarter valued at about $36,000. Finally, Kepos Capital LP acquired a new stake in shares of PepsiCo during the fourth quarter worth about $40,000. Institutional investors and hedge funds own 71.40% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have issued reports on the stock. Morgan Stanley lowered shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $210.00 price target for the company. in a research report on Monday, July 17th. Deutsche Bank Aktiengesellschaft upped their price target on shares of PepsiCo from $193.00 to $195.00 in a report on Friday, July 14th. Barclays reduced their price objective on PepsiCo from $206.00 to $198.00 in a research note on Monday, July 10th. Wedbush raised their target price on PepsiCo from $200.00 to $206.00 and gave the stock an “outperform” rating in a report on Friday, July 14th. Finally, Argus lifted their price target on PepsiCo from $206.00 to $212.00 in a research report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and an average target price of $192.00.
PepsiCo Stock Performance
NASDAQ:PEP opened at $179.38 on Tuesday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.64 and a current ratio of 0.84. The stock has a market capitalization of $246.93 billion, a PE ratio of 31.42, a P/E/G ratio of 2.95 and a beta of 0.54. PepsiCo, Inc. has a fifty-two week low of $160.98 and a fifty-two week high of $196.88. The company has a fifty day moving average of $182.67 and a two-hundred day moving average of $184.61.
PepsiCo (NASDAQ:PEP – Get Free Report) last issued its quarterly earnings results on Thursday, July 13th. The company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.13. PepsiCo had a net margin of 8.76% and a return on equity of 56.05%. The firm had revenue of $22.32 billion for the quarter, compared to analyst estimates of $21.73 billion. During the same period last year, the company posted $1.86 EPS. PepsiCo’s quarterly revenue was up 10.4% compared to the same quarter last year. As a group, research analysts forecast that PepsiCo, Inc. will post 7.48 earnings per share for the current fiscal year.
PepsiCo Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be paid a $1.265 dividend. This represents a $5.06 annualized dividend and a yield of 2.82%. The ex-dividend date is Thursday, August 31st. PepsiCo’s dividend payout ratio is currently 88.62%.
PepsiCo Company Profile
PepsiCo, Inc manufactures, markets, distributes, and sells 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.
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