OLD Second National Bank of Aurora Has $4.15 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

OLD Second National Bank of Aurora reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 27,299 shares of the company’s stock after selling 1,331 shares during the period. PepsiCo accounts for 0.9% of OLD Second National Bank of Aurora’s investment portfolio, making the stock its 29th biggest position. OLD Second National Bank of Aurora’s holdings in PepsiCo were worth $4,151,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Clearbridge Investments LLC increased its stake in shares of PepsiCo by 0.7% in the second quarter. Clearbridge Investments LLC now owns 1,405,977 shares of the company’s stock worth $231,888,000 after acquiring an additional 9,951 shares during the last quarter. RiverFront Investment Group LLC increased its stake in shares of PepsiCo by 9.1% in the second quarter. RiverFront Investment Group LLC now owns 3,485 shares of the company’s stock worth $575,000 after acquiring an additional 290 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of PepsiCo in the second quarter worth $141,000. Centennial Bank AR increased its position in PepsiCo by 1.7% during the second quarter. Centennial Bank AR now owns 5,086 shares of the company’s stock worth $838,000 after buying an additional 83 shares during the last quarter. Finally, Creekside Partners acquired a new position in PepsiCo during the second quarter worth $588,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on PEP. Redburn Atlantic raised shares of PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Piper Sandler began coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price on the stock. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. lowered their target price on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Finally, Hsbc Global Res raised PepsiCo to a “hold” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $176.73.

PepsiCo Stock Up 0.1 %

NASDAQ PEP opened at $150.37 on Thursday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The firm has a 50-day simple moving average of $153.68 and a 200 day simple moving average of $165.17. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The stock has a market cap of $206.31 billion, a PE ratio of 22.18, a PEG ratio of 2.86 and a beta of 0.54.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were paid a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.60%. The ex-dividend date was Friday, December 6th. PepsiCo’s payout ratio is presently 79.94%.

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.