PepsiCo, Inc. (NASDAQ:PEP) Stock Position Decreased by Park National Corp OH

Park National Corp OH lowered its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 14.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 54,446 shares of the company's stock after selling 9,109 shares during the period. Park National Corp OH's holdings in PepsiCo were worth $8,164,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PEP. Tallon Kerry Patrick purchased a new position in PepsiCo in the fourth quarter valued at about $224,000. Brighton Jones LLC grew its holdings in shares of PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after purchasing an additional 6,574 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of PepsiCo during the 4th quarter valued at $9,268,000. Mayflower Financial Advisors LLC boosted its position in PepsiCo by 3.8% during the 4th quarter. Mayflower Financial Advisors LLC now owns 13,271 shares of the company's stock valued at $2,018,000 after buying an additional 487 shares during the period. Finally, Capital Investment Counsel LLC boosted its position in PepsiCo by 4.1% during the 4th quarter. Capital Investment Counsel LLC now owns 35,467 shares of the company's stock valued at $5,393,000 after buying an additional 1,385 shares during the period. Institutional investors own 73.07% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $163.00 target price on shares of PepsiCo in a research report on Tuesday, April 22nd. CICC Research restated a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. Wells Fargo & Company cut their target price on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Jefferies Financial Group lowered shares of PepsiCo from a "buy" rating to a "hold" rating and dropped their price target for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. Finally, UBS Group lowered their target price on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a report on Friday, April 25th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $160.69.

PepsiCo Stock Up 1.0%

NASDAQ:PEP traded up $1.25 during mid-day trading on Thursday, hitting $131.92. The stock had a trading volume of 6,655,903 shares, compared to its average volume of 6,521,917. The stock has a 50-day simple moving average of $138.26 and a two-hundred day simple moving average of $147.49. The company has a market capitalization of $180.87 billion, a PE ratio of 18.98, a PEG ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a twelve month low of $127.75 and a twelve month high of $180.91. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). The business had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business's revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.61 earnings per share. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a dividend of $1.4225 per share. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a dividend yield of 4.31%. The ex-dividend date is Friday, June 6th. PepsiCo's payout ratio is presently 83.68%.

About PepsiCo

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.