Moody National Bank Trust Division trimmed its position in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 3.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,929 shares of the company’s stock after selling 739 shares during the quarter. Moody National Bank Trust Division’s holdings in PepsiCo were worth $2,878,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the business. Global Wealth Strategies & Associates raised its holdings in PepsiCo by 59.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after buying an additional 59 shares during the last quarter. Highline Wealth Partners LLC acquired a new position in PepsiCo in the third quarter valued at $28,000. Legacy Investment Solutions LLC bought a new stake in shares of PepsiCo in the 3rd quarter valued at $31,000. Rakuten Securities Inc. grew its position in PepsiCo by 93.2% in the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after purchasing an additional 96 shares during the period. Finally, Mattson Financial Services LLC acquired a new stake in shares of PepsiCo in the 2nd quarter worth about $34,000. 73.07% of the stock is currently owned by institutional investors.
PepsiCo Stock Up 1.7 %
Shares of PEP traded up $2.41 during trading hours on Monday, hitting $145.05. The company had a trading volume of 4,132,728 shares, compared to its average volume of 6,768,525. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The firm has a fifty day moving average price of $157.35 and a 200-day moving average price of $166.50. The stock has a market capitalization of $199.01 billion, a price-to-earnings ratio of 21.39, a P/E/G ratio of 2.94 and a beta of 0.54. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89.
PepsiCo Announces Dividend
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the stock. Barclays dropped their price target on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a research report on Thursday, October 10th. Royal Bank of Canada cut their price objective on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a report on Friday, October 4th. Morgan Stanley downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective on the stock. in a research report on Friday, September 20th. Deutsche Bank Aktiengesellschaft upgraded PepsiCo from a “hold” rating to a “buy” rating and upped their target price for the stock from $179.00 to $184.00 in a research note on Thursday, December 12th. Finally, TD Cowen dropped their price target on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $180.64.
Check Out Our Latest Analysis on PEP
PepsiCo Company 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.
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