PepsiCo, Inc. (NASDAQ:PEP) Holdings Lowered by Bank OZK

Bank OZK lowered its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.3% in the fourth quarter, Holdings Channel reports. The firm owned 21,894 shares of the company’s stock after selling 742 shares during the quarter. PepsiCo accounts for 1.8% of Bank OZK’s investment portfolio, making the stock its 10th biggest holding. Bank OZK’s holdings in PepsiCo were worth $3,718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of PEP. LFA Lugano Financial Advisors SA boosted its stake in PepsiCo by 80.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after purchasing an additional 70 shares during the period. Life Planning Partners Inc acquired a new stake in PepsiCo during the 4th quarter worth $34,000. Naples Money Management LLC acquired a new stake in shares of PepsiCo in the 4th quarter worth $36,000. Criterion Capital Advisors LLC acquired a new stake in shares of PepsiCo in the 4th quarter worth $39,000. Finally, Avion Wealth lifted its stake in shares of PepsiCo by 61.7% in the 4th quarter. Avion Wealth now owns 241 shares of the company’s stock worth $41,000 after acquiring an additional 92 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of NASDAQ PEP traded down $1.10 during midday trading on Friday, hitting $175.58. The company had a trading volume of 4,472,102 shares, compared to its average volume of 5,365,961. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. The business has a 50-day simple moving average of $169.40 and a two-hundred day simple moving average of $167.86. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $196.88. The firm has a market capitalization of $241.39 billion, a price-to-earnings ratio of 26.40, a price-to-earnings-growth ratio of 2.88 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The firm had revenue of $18.25 billion during the quarter, compared to the consensus estimate of $18.08 billion. During the same period last year, the firm posted $1.50 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. Equities research analysts anticipate that PepsiCo, Inc. will post 8.16 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were issued a dividend of $1.265 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 annualized dividend and a yield of 2.88%. PepsiCo’s dividend payout ratio (DPR) is currently 76.09%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on PEP shares. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Barclays raised their target price on shares of PepsiCo from $184.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday. Wedbush restated an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a research note on Tuesday. Jefferies Financial Group raised their target price on shares of PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, Citigroup upgraded shares of PepsiCo from a “neutral” rating to a “buy” rating and raised their price objective for the company from $180.00 to $195.00 in a research note on Monday, February 12th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $187.42.

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.