Bokf Na Sells 9,871 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Bokf Na lowered its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,625 shares of the company's stock after selling 9,871 shares during the quarter. Bokf Na's holdings in PepsiCo were worth $26,478,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Tcfg Wealth Management LLC boosted its stake in shares of PepsiCo by 3.5% during the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company's stock worth $295,000 after acquiring an additional 66 shares in the last quarter. Lincoln Capital LLC raised its holdings in PepsiCo by 0.4% during the fourth quarter. Lincoln Capital LLC now owns 16,808 shares of the company's stock worth $2,556,000 after purchasing an additional 70 shares during the last quarter. Marshall Financial Group LLC boosted its position in PepsiCo by 2.3% during the fourth quarter. Marshall Financial Group LLC now owns 3,128 shares of the company's stock worth $476,000 after purchasing an additional 70 shares in the last quarter. Osprey Private Wealth LLC grew its holdings in PepsiCo by 0.5% in the fourth quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company's stock valued at $2,290,000 after purchasing an additional 70 shares during the last quarter. Finally, TAGStone Capital Inc. increased its position in shares of PepsiCo by 2.8% in the fourth quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock valued at $388,000 after buying an additional 70 shares in the last quarter. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

NASDAQ:PEP opened at $131.99 on Tuesday. The company has a market cap of $180.97 billion, a P/E ratio of 18.99, a P/E/G ratio of 3.09 and a beta of 0.47. The firm's 50 day moving average is $145.55 and its two-hundred day moving average is $151.92. PepsiCo, Inc. has a fifty-two week low of $131.52 and a fifty-two week high of $183.41. 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 (NASDAQ:PEP - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $17.92 billion during the quarter, compared to analysts' expectations of $17.81 billion. During the same period last year, the business posted $1.61 earnings per share. The company's quarterly revenue was down 1.8% compared to the same quarter last year. Analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date was Friday, March 7th. PepsiCo's dividend payout ratio (DPR) is presently 79.71%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Wells Fargo & Company lowered their price objective on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Citigroup dropped their price objective on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Deutsche Bank Aktiengesellschaft reduced their target price on PepsiCo from $184.00 to $178.00 and set a "buy" rating on the stock in a research note on Wednesday, January 22nd. Barclays dropped their price target on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Finally, BNP Paribas decreased their price objective on PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $160.69.

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.

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