UMB Bank n.a. trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 48.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 110,498 shares of the company's stock after selling 104,817 shares during the period. UMB Bank n.a.'s holdings in PepsiCo were worth $16,802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also made changes to their positions in the company. Global Wealth Strategies & Associates increased its stake in PepsiCo by 59.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company's stock worth $27,000 after acquiring an additional 59 shares during the last quarter. Cross Staff Investments Inc grew its stake in shares of PepsiCo by 0.9% in the third quarter. Cross Staff Investments Inc now owns 7,080 shares of the company's stock worth $1,204,000 after purchasing an additional 60 shares during the last quarter. Paulson Wealth Management Inc. boosted its holdings in PepsiCo by 2.1% in the third quarter. Paulson Wealth Management Inc. now owns 2,986 shares of the company's stock valued at $508,000 after acquiring an additional 60 shares in the last quarter. LCM Capital Management Inc increased its position in shares of PepsiCo by 0.8% during the third quarter. LCM Capital Management Inc now owns 7,573 shares of the company's stock valued at $1,288,000 after buying an additional 62 shares during the period. Finally, Demars Financial Group LLC grew its holdings in shares of PepsiCo by 1.1% during the 3rd quarter. Demars Financial Group LLC now owns 5,721 shares of the company's stock worth $973,000 after acquiring an additional 62 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
PEP has been the subject of several research analyst reports. UBS Group cut their price objective on PepsiCo from $193.00 to $175.00 and set a "buy" rating for the company in a report on Thursday. StockNews.com upgraded PepsiCo from a "hold" rating to a "buy" rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. reduced their price objective on shares of PepsiCo from $185.00 to $183.00 and set a "neutral" rating for the company in a research note on Wednesday, October 9th. Barclays reduced their price target on shares of PepsiCo from $183.00 to $158.00 and set an "overweight" rating for the company in a research report on Friday. Finally, Bank of America cut their price objective on shares of PepsiCo from $190.00 to $185.00 and set a "buy" rating for the company in a report on Monday, September 30th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, PepsiCo currently has an average rating of "Hold" and a consensus target price of $178.60.
Check Out Our Latest Stock Report on PepsiCo
PepsiCo Stock Performance
NASDAQ PEP traded up $1.71 during trading on Monday, reaching $148.25. 7,213,692 shares of the company's stock were exchanged, compared to its average volume of 5,895,834. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The stock has a market capitalization of $203.40 billion, a P/E ratio of 21.87, a PEG ratio of 2.57 and a beta of 0.54. The business has a 50 day moving average price of $155.37 and a 200-day moving average price of $165.86. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70.
PepsiCo Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo's dividend payout ratio (DPR) is 79.94%.
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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