BOK Financial Private Wealth Inc. Sells 1,305 Shares of PepsiCo, Inc. (NASDAQ:PEP)

BOK Financial Private Wealth Inc. reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 18,797 shares of the company’s stock after selling 1,305 shares during the quarter. BOK Financial Private Wealth Inc.’s holdings in PepsiCo were worth $2,885,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of PepsiCo during the fourth quarter worth $589,307,000. Charles Schwab Investment Management Inc. increased its holdings in PepsiCo by 18.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company’s stock worth $3,834,504,000 after purchasing an additional 3,856,193 shares in the last quarter. State Street Corp raised its stake in shares of PepsiCo by 5.1% in the 3rd quarter. State Street Corp now owns 57,268,030 shares of the company’s stock valued at $9,738,429,000 after purchasing an additional 2,775,679 shares during the period. Franklin Resources Inc. lifted its holdings in shares of PepsiCo by 21.1% in the third quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company’s stock valued at $2,293,049,000 after purchasing an additional 2,264,445 shares in the last quarter. Finally, Swedbank AB grew its holdings in shares of PepsiCo by 211.4% during the third quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock worth $398,847,000 after buying an additional 1,592,343 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on PEP. Citigroup cut their price target on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. TD Cowen lowered their price target on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft cut their price objective on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. BNP Paribas lowered their target price on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Finally, Barclays increased their price target on shares of PepsiCo from $153.00 to $168.00 and gave the company an “overweight” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, PepsiCo currently has an average rating of “Hold” and a consensus price target of $172.35.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $154.44 on Friday. The stock has a market cap of $211.81 billion, a price-to-earnings ratio of 22.22, a P/E/G ratio of 3.09 and a beta of 0.52. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The company’s fifty day moving average is $148.80 and its 200 day moving average is $160.86.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. During the same period in the prior year, the company posted $1.78 earnings per share. PepsiCo’s revenue for the quarter was down .2% compared to the same quarter last year. Sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio is currently 77.99%.

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.