PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Iowa State Bank

Iowa State Bank lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,035 shares of the company’s stock after selling 904 shares during the quarter. PepsiCo comprises about 1.3% of Iowa State Bank’s holdings, making the stock its 28th biggest holding. Iowa State Bank’s holdings in PepsiCo were worth $6,240,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Global Wealth Strategies & Associates raised its holdings in shares of 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 purchasing an additional 59 shares in the last quarter. Highline Wealth Partners LLC purchased a new stake in PepsiCo during the 3rd quarter worth about $28,000. Legacy Investment Solutions LLC acquired a new position in shares of PepsiCo during the 3rd quarter worth about $31,000. Mattson Financial Services LLC acquired a new stake in shares of PepsiCo during the 2nd quarter worth about $34,000. Finally, Rakuten Securities Inc. lifted its stake in PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after purchasing an additional 96 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

NASDAQ:PEP traded down $2.12 during trading hours on Monday, hitting $147.53. The company’s stock had a trading volume of 4,360,696 shares, compared to its average volume of 4,765,378. 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, Inc. has a 52-week low of $146.95 and a 52-week high of $183.41. The company has a market capitalization of $202.41 billion, a PE ratio of 21.76, a PEG ratio of 2.94 and a beta of 0.54. The business’s 50-day moving average is $159.51 and its two-hundred day moving average is $167.26.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.01. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The business had revenue of $23.32 billion for the quarter, compared to analysts’ expectations of $23.86 billion. During the same quarter in the prior year, the firm posted $2.25 EPS. The company’s revenue was down .6% compared to the same quarter last year. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 6th will be issued a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.67%. The ex-dividend date of this dividend is Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is presently 79.94%.

Analyst Upgrades and Downgrades

PEP has been the subject of a number of research reports. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Bank of America decreased their price objective on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a report on Monday, September 30th. TD Cowen cut shares of PepsiCo from a “buy” rating to a “hold” rating and cut their target price for the company from $190.00 to $183.00 in a report on Thursday, October 10th. JPMorgan Chase & Co. lowered their price objective on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Finally, Deutsche Bank Aktiengesellschaft raised shares of PepsiCo from a “hold” rating to a “buy” rating and upped their target price for the company from $179.00 to $184.00 in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and a consensus price target of $184.31.

About PepsiCo

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.