Intrust Bank NA Trims Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Intrust Bank NA lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 65.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,929 shares of the company's stock after selling 26,014 shares during the quarter. Intrust Bank NA's holdings in PepsiCo were worth $2,118,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its position in PepsiCo by 104.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,705,574 shares of the company's stock valued at $259,350,000 after acquiring an additional 870,451 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV boosted its position in shares of PepsiCo by 12.8% during the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company's stock worth $6,323,000 after buying an additional 4,712 shares during the period. Janus Henderson Group PLC raised its position in PepsiCo by 11.0% in the 3rd quarter. Janus Henderson Group PLC now owns 350,225 shares of the company's stock valued at $59,549,000 after buying an additional 34,633 shares during the last quarter. IHT Wealth Management LLC grew its holdings in shares of PepsiCo by 19.3% in the 3rd quarter. IHT Wealth Management LLC now owns 32,267 shares of the company's stock valued at $5,493,000 after acquiring an additional 5,220 shares in the last quarter. Finally, Guinness Asset Management LTD increased its holdings in PepsiCo by 5.2% during the fourth quarter. Guinness Asset Management LTD now owns 1,236,788 shares of the company's stock worth $188,031,000 after buying an additional 61,541 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several research analysts have recently commented on the company. Jefferies Financial Group downgraded PepsiCo from a "buy" rating to a "hold" rating and reduced their target price for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. BNP Paribas reduced their price target on PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Evercore ISI dropped their target price on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. HSBC decreased their price target on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research note on Tuesday, February 4th. Finally, Barclays lowered PepsiCo from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $168.00 to $156.00 in a research note on Tuesday, March 18th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $169.88.

PepsiCo Stock Performance

Shares of PEP traded down $0.63 on Tuesday, reaching $149.31. 2,080,912 shares of the company's stock traded hands, compared to its average volume of 5,877,418. The stock's 50 day simple moving average is $149.28 and its two-hundred day simple moving average is $157.72. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The stock has a market cap of $204.78 billion, a PE ratio of 21.50, a PEG ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter in the prior year, the business posted $1.78 earnings per share. The business's quarterly revenue was down .2% on a year-over-year basis. On average, analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal 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 given a $1.355 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.63%. PepsiCo's payout ratio is 77.99%.

PepsiCo 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.