Bank of Hawaii reduced its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 16.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,245 shares of the company's stock after selling 2,609 shares during the period. Bank of Hawaii's holdings in PepsiCo were worth $2,014,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the business. WealthTrak Capital Management LLC purchased a new stake in PepsiCo in the 4th quarter valued at about $28,000. Collier Financial purchased a new stake in shares of PepsiCo during the fourth quarter valued at approximately $28,000. Creative Capital Management Investments LLC bought a new stake in PepsiCo during the fourth quarter worth $30,000. Prudent Man Investment Management Inc. bought a new position in PepsiCo in the 4th quarter valued at $30,000. Finally, Summit Securities Group LLC purchased a new stake in shares of PepsiCo during the 4th quarter valued at $33,000. Institutional investors and hedge funds own 73.07% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on PEP. Citigroup dropped their price target on shares of PepsiCo from $195.00 to $170.00 and set a "buy" rating on the stock in a research note on Wednesday, February 5th. Barclays lowered PepsiCo from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $168.00 to $156.00 in a report on Tuesday, March 18th. Piper Sandler started coverage on PepsiCo in a research note on Tuesday, January 7th. They set an "overweight" rating and a $171.00 price objective on the stock. UBS Group cut their target price on PepsiCo from $193.00 to $175.00 and set a "buy" rating for the company in a research note on Thursday, January 16th. Finally, Evercore ISI decreased their price target on PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, PepsiCo has an average rating of "Hold" and an average price target of $169.88.
View Our Latest Stock Report on PEP
PepsiCo Trading Up 0.8 %
Shares of PepsiCo stock traded up $1.15 during trading on Monday, reaching $145.58. The company's stock had a trading volume of 2,056,458 shares, compared to its average volume of 6,072,504. The company has a market cap of $199.64 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 3.09 and a beta of 0.49. The firm's 50-day moving average is $148.37 and its two-hundred day moving average is $155.68. PepsiCo, Inc. has a 52-week low of $138.33 and a 52-week high of $183.41. 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 - Get Free Report) last released its earnings results 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 company had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. PepsiCo's revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.78 EPS. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.
PepsiCo Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued 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 3.72%. PepsiCo's dividend payout ratio is currently 77.99%.
About PepsiCo
(
Free Report)
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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