Security National Bank of Sioux City Iowa IA trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,610 shares of the company’s stock after selling 80 shares during the quarter. PepsiCo makes up 2.3% of Security National Bank of Sioux City Iowa IA’s portfolio, making the stock its 11th biggest holding. Security National Bank of Sioux City Iowa IA’s holdings in PepsiCo were worth $2,003,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Personal Wealth Partners acquired a new stake in PepsiCo in the 2nd quarter valued at approximately $25,000. Krane Funds Advisors LLC bought a new position in PepsiCo during the 2nd quarter valued at $25,000. Financial Advantage Inc. bought a new position in PepsiCo during the 2nd quarter valued at $28,000. Vista Private Wealth Partners. LLC bought a new position in PepsiCo during the 3rd quarter valued at $36,000. Finally, Mackey Komara & Dankovich LLC boosted its stake in PepsiCo by 199.0% during the 2nd quarter. Mackey Komara & Dankovich LLC now owns 858 shares of the company’s stock valued at $38,000 after purchasing an additional 571 shares in the last quarter. 71.22% of the stock is owned by institutional investors.
Several equities research analysts have recently weighed in on PEP shares. BidaskClub lowered PepsiCo from a “hold” rating to a “sell” rating in a research note on Thursday, November 7th. Morgan Stanley reaffirmed a “buy” rating and issued a $154.00 target price on shares of PepsiCo in a research report on Tuesday, October 29th. Deutsche Bank raised their target price on PepsiCo from $141.00 to $142.00 and gave the stock a “hold” rating in a research report on Tuesday, September 24th. JPMorgan Chase & Co. set a $154.00 target price on PepsiCo and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, Guggenheim set a $130.00 price objective on PepsiCo and gave the stock a “hold” rating in a report on Thursday, September 26th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $135.53.
PEP stock opened at $136.16 on Friday. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.95 and a quick ratio of 0.77. The company has a 50 day moving average price of $135.49 and a 200 day moving average price of $133.24. PepsiCo, Inc. has a fifty-two week low of $105.03 and a fifty-two week high of $140.45. The stock has a market capitalization of $189.22 billion, a PE ratio of 24.06, a price-to-earnings-growth ratio of 3.53 and a beta of 0.56.
PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, October 3rd. The company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.06. PepsiCo had a net margin of 18.78% and a return on equity of 55.00%. The firm had revenue of $17.19 billion during the quarter, compared to analysts’ expectations of $16.93 billion. During the same quarter in the previous year, the company posted $1.59 EPS. PepsiCo’s revenue was up 4.3% on a year-over-year basis. As a group, equities analysts expect that PepsiCo, Inc. will post 5.5 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 6th will be given a dividend of $0.955 per share. This represents a $3.82 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Thursday, December 5th. PepsiCo’s payout ratio is 67.49%.
PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.
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