Emprise Bank Reduces Position in PepsiCo, Inc. (NASDAQ:PEP)

Emprise Bank cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 16.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,271 shares of the company’s stock after selling 2,050 shares during the period. PepsiCo makes up 0.9% of Emprise Bank’s portfolio, making the stock its 26th biggest position. Emprise Bank’s holdings in PepsiCo were worth $1,562,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PEP. Compton Wealth Advisory Group LLC boosted its position in PepsiCo by 1.5% in the fourth quarter. Compton Wealth Advisory Group LLC now owns 12,199 shares of the company’s stock worth $1,855,000 after purchasing an additional 175 shares during the last quarter. Capital Investment Advisors LLC lifted its position in shares of PepsiCo by 1.9% during the 4th quarter. Capital Investment Advisors LLC now owns 39,927 shares of the company’s stock valued at $6,071,000 after buying an additional 743 shares in the last quarter. City State Bank lifted its position in shares of PepsiCo by 32.8% during the 4th quarter. City State Bank now owns 2,842 shares of the company’s stock valued at $432,000 after buying an additional 702 shares in the last quarter. Clark & Stuart Inc purchased a new position in shares of PepsiCo during the 4th quarter valued at about $4,437,000. Finally, Matrix Trust Co lifted its position in shares of PepsiCo by 15.8% during the 4th quarter. Matrix Trust Co now owns 7,261 shares of the company’s stock valued at $1,104,000 after buying an additional 992 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Up 1.2 %

Shares of NASDAQ PEP traded up $1.66 during midday trading on Monday, reaching $144.30. 2,726,331 shares of the company’s stock traded hands, compared to its average volume of 6,575,621. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The stock’s 50 day simple moving average is $157.35 and its 200-day simple moving average is $166.50. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. The company has a market cap of $197.98 billion, a price-to-earnings ratio of 21.28, a P/E/G ratio of 2.94 and a beta of 0.54.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were given a dividend of $1.355 per share. The ex-dividend date was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.76%. PepsiCo’s payout ratio is 79.94%.

Analyst Upgrades and Downgrades

PEP has been the topic of a number of analyst reports. TD Cowen lowered their price objective on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Wells Fargo & Company lowered their price target on PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised PepsiCo from a “hold” rating to a “buy” rating and boosted their price target for the stock from $179.00 to $184.00 in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. cut their price objective on PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $180.64.

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.