Simmons Bank Sells 6,152 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Simmons Bank trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,882 shares of the company’s stock after selling 6,152 shares during the quarter. PepsiCo accounts for 1.0% of Simmons Bank’s portfolio, making the stock its 20th largest position. Simmons Bank’s holdings in PepsiCo were worth $12,548,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Cerity Partners LLC grew its stake in shares of PepsiCo by 59.4% in the fourth quarter. Cerity Partners LLC now owns 993,567 shares of the company’s stock valued at $168,747,000 after buying an additional 370,122 shares in the last quarter. Harbour Capital Advisors LLC raised its holdings in shares of PepsiCo by 0.4% in the 4th quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock valued at $4,747,000 after purchasing an additional 102 shares during the period. Meadow Creek Wealth Advisors LLC acquired a new stake in PepsiCo in the 4th quarter valued at about $405,000. Manchester Capital Management LLC increased its position in PepsiCo by 1.4% during the third quarter. Manchester Capital Management LLC now owns 13,240 shares of the company’s stock worth $2,243,000 after buying an additional 185 shares during the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC lifted its position in shares of PepsiCo by 34.5% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 12,317 shares of the company’s stock valued at $2,091,000 after buying an additional 3,159 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

PepsiCo stock traded down $0.67 during midday trading on Wednesday, reaching $177.35. 2,031,943 shares of the company were exchanged, compared to its average volume of 5,651,820. The company has a market capitalization of $243.82 billion, a price-to-earnings ratio of 26.79, a P/E/G ratio of 2.87 and a beta of 0.52. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. The firm’s 50-day simple moving average is $170.49 and its 200-day simple moving average is $168.70. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $196.88.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.52 by $0.09. The firm had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. PepsiCo’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.50 EPS. On average, analysts anticipate that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.06%. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date is Friday, June 7th. PepsiCo’s dividend payout ratio is 76.09%.

Analyst Upgrades and Downgrades

PEP has been the subject of several research reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $180.00 to $195.00 in a report on Monday, February 12th. Barclays raised their price target on shares of PepsiCo from $184.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Wedbush reissued an “outperform” rating and issued a $195.00 price objective on shares of PepsiCo in a report on Tuesday, April 23rd. Finally, StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, PepsiCo currently has a consensus rating of “Moderate Buy” and a consensus price target of $187.42.

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.