PepsiCo, Inc. (NASDAQ:PEP) Stock Holdings Increased by Enterprise Financial Services Corp

Enterprise Financial Services Corp increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 70,635 shares of the company's stock after buying an additional 3,031 shares during the quarter. PepsiCo comprises approximately 6.0% of Enterprise Financial Services Corp's portfolio, making the stock its 4th largest position. Enterprise Financial Services Corp's holdings in PepsiCo were worth $10,741,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Swedbank AB lifted its stake in PepsiCo by 211.4% during the third quarter. Swedbank AB now owns 2,345,467 shares of the company's stock worth $398,847,000 after purchasing an additional 1,592,343 shares in the last quarter. Howard Capital Management Group LLC raised its holdings in shares of PepsiCo by 2.0% in the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company's stock valued at $777,000 after buying an additional 90 shares during the period. AIA Group Ltd boosted its holdings in PepsiCo by 8.3% during the 3rd quarter. AIA Group Ltd now owns 3,565 shares of the company's stock valued at $606,000 after acquiring an additional 274 shares during the period. Capital Performance Advisors LLP acquired a new position in PepsiCo in the 3rd quarter valued at about $83,000. Finally, Leavell Investment Management Inc. lifted its position in shares of PepsiCo by 46.6% during the third quarter. Leavell Investment Management Inc. now owns 27,773 shares of the company's stock worth $4,723,000 after purchasing an additional 8,834 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

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Analyst Upgrades and Downgrades

PEP has been the topic of several recent research reports. Evercore ISI cut their price target on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft cut their target price on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating on the stock in a research note on Wednesday, January 22nd. Barclays boosted their price target on shares of PepsiCo from $153.00 to $168.00 and gave the stock an "overweight" rating in a report on Thursday. Royal Bank of Canada initiated coverage on shares of PepsiCo in a research report on Tuesday, February 4th. They set a $172.00 price objective for the company. Finally, BNP Paribas cut their price target on PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, PepsiCo currently has an average rating of "Hold" and an average price target of $172.35.

PepsiCo Stock Performance

PepsiCo stock traded up $1.81 during midday trading on Monday, hitting $156.25. 10,846,951 shares of the company's stock were exchanged, compared to its average volume of 5,468,530. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The firm's 50 day simple moving average is $148.80 and its 200 day simple moving average is $160.76. The stock has a market cap of $214.30 billion, a price-to-earnings ratio of 22.48, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share 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 net margin of 10.43% and a return on equity of 58.87%. PepsiCo's quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the firm posted $1.78 EPS. Equities research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo's dividend payout ratio (DPR) is 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.