City Holding Co. Has $4.67 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

City Holding Co. trimmed its position in PepsiCo, Inc. (NASDAQ:PEP) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,685 shares of the company’s stock after selling 1,255 shares during the quarter. City Holding Co.’s holdings in PepsiCo were worth $4,666,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Global Wealth Strategies & Associates boosted its position in shares of PepsiCo by 59.0% during the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after purchasing an additional 59 shares in the last quarter. Highline Wealth Partners LLC bought a new position in PepsiCo during the third quarter worth about $28,000. Legacy Investment Solutions LLC acquired a new position in PepsiCo in the third quarter valued at about $31,000. Rakuten Securities Inc. increased its holdings in shares of PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after acquiring an additional 96 shares in the last quarter. Finally, Mattson Financial Services LLC bought a new position in shares of PepsiCo during the 2nd quarter valued at about $34,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Up 1.2 %

PepsiCo stock opened at $148.25 on Monday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The stock has a 50-day simple moving average of $155.37 and a 200 day simple moving average of $165.86. The stock has a market capitalization of $203.40 billion, a P/E ratio of 21.87, a PEG ratio of 2.57 and a beta of 0.54. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were given a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s payout ratio is 79.94%.

Wall Street Analysts Forecast Growth

PEP has been the topic of several research analyst reports. JPMorgan Chase & Co. dropped their target price on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Royal Bank of Canada cut their price objective on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research report on Friday, October 4th. UBS Group dropped their price target on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday. Barclays reduced their price objective on PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a research report on Friday. Finally, StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $178.60.

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.