Hancock Whitney Corp Sells 41,445 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Hancock Whitney Corp decreased its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 53.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,250 shares of the company's stock after selling 41,445 shares during the quarter. Hancock Whitney Corp's holdings in PepsiCo were worth $5,512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. WealthTrak Capital Management LLC bought a new position in shares of PepsiCo in the fourth quarter worth about $28,000. Collier Financial acquired a new stake in PepsiCo during the 4th quarter valued at approximately $28,000. Creative Capital Management Investments LLC acquired a new position in PepsiCo during the fourth quarter valued at $30,000. Prudent Man Investment Management Inc. acquired a new stake in PepsiCo during the 4th quarter worth about $30,000. Finally, Summit Securities Group LLC acquired a new position in shares of PepsiCo in the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

Analysts Set New Price Targets

PEP has been the subject of several research analyst reports. Wells Fargo & Company reduced their target price on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. Evercore ISI dropped their price target on PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. JPMorgan Chase & Co. upped their target price on shares of PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a report on Monday. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a research note on Wednesday, January 22nd. Finally, Morgan Stanley reduced their price objective on PepsiCo from $185.00 to $168.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, PepsiCo presently has a consensus rating of "Hold" and an average target price of $165.50.

PepsiCo Stock Down 0.8 %

Shares of NASDAQ:PEP opened at $142.27 on Thursday. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The firm has a market capitalization of $195.09 billion, a PE ratio of 20.47, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49. The firm's 50-day moving average is $148.07 and its two-hundred day moving average is $154.40. PepsiCo, Inc. has a 1 year low of $138.33 and a 1 year high of $183.41.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.02. The business had revenue of $27.78 billion for the quarter, compared to analysts' expectations of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company's revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the firm earned $1.78 earnings per share. Analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were paid a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.81%. PepsiCo's payout ratio is currently 77.99%.

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.

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