Park National Corp OH Has $15.57 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Park National Corp OH cut its stake in PepsiCo, Inc. (NASDAQ:PEP) by 38.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,424 shares of the company’s stock after selling 57,989 shares during the period. Park National Corp OH’s holdings in PepsiCo were worth $15,573,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Strategy Asset Managers LLC increased its stake in PepsiCo by 0.9% during the 1st quarter. Strategy Asset Managers LLC now owns 6,632 shares of the company’s stock valued at $1,161,000 after purchasing an additional 57 shares in the last quarter. SYM FINANCIAL Corp increased its position in shares of PepsiCo by 2.7% during the fourth quarter. SYM FINANCIAL Corp now owns 2,290 shares of the company’s stock worth $389,000 after acquiring an additional 61 shares in the last quarter. Clearwater Capital Advisors LLC raised its holdings in shares of PepsiCo by 2.3% in the 4th quarter. Clearwater Capital Advisors LLC now owns 2,758 shares of the company’s stock worth $468,000 after acquiring an additional 61 shares during the last quarter. Security Financial Services INC. lifted its position in PepsiCo by 1.6% in the 1st quarter. Security Financial Services INC. now owns 3,943 shares of the company’s stock valued at $690,000 after acquiring an additional 61 shares in the last quarter. Finally, Arbor Investment Advisors LLC boosted its stake in PepsiCo by 3.6% during the 1st quarter. Arbor Investment Advisors LLC now owns 1,779 shares of the company’s stock valued at $311,000 after purchasing an additional 61 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on PEP shares. BNP Paribas started coverage on PepsiCo in a research report on Monday, June 24th. They set a “neutral” rating and a $174.00 target price on the stock. Wells Fargo & Company decreased their price target on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Bank of America cut their price objective on shares of PepsiCo from $210.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, July 8th. Royal Bank of Canada decreased their target price on shares of PepsiCo from $180.00 to $177.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th. Finally, Morgan Stanley reduced their price target on shares of PepsiCo from $190.00 to $185.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $185.53.

PepsiCo Trading Down 0.6 %

Shares of PepsiCo stock traded down $0.97 during trading on Monday, reaching $171.42. 3,802,343 shares of the stock were exchanged, compared to its average volume of 5,527,545. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $184.86. The company has a quick ratio of 0.64, a current ratio of 0.83 and a debt-to-equity ratio of 1.87. The stock’s fifty day moving average is $168.09 and its 200 day moving average is $170.38. The firm has a market cap of $235.67 billion, a price-to-earnings ratio of 25.02, a price-to-earnings-growth ratio of 2.98 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Thursday, July 11th. The company reported $2.28 EPS for the quarter, topping the consensus estimate of $2.16 by $0.12. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The business had revenue of $22.50 billion during the quarter, compared to analyst estimates of $22.59 billion. During the same period in the prior year, the business earned $2.09 EPS. The company’s revenue for the quarter was up .8% on a year-over-year basis. As a group, equities research analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be paid a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend is Friday, September 6th. PepsiCo’s dividend payout ratio is 78.66%.

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.