Simmons Bank Sells 2,915 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Simmons Bank decreased its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 64,936 shares of the company's stock after selling 2,915 shares during the quarter. Simmons Bank's holdings in PepsiCo were worth $9,737,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of PEP. WealthTrak Capital Management LLC bought a new position in shares of PepsiCo in the fourth quarter worth about $28,000. Elite Financial Inc. bought a new position in shares of PepsiCo in the first quarter worth about $28,000. Prudent Man Investment Management Inc. bought a new position in shares of PepsiCo in the fourth quarter worth about $30,000. Measured Risk Portfolios Inc. bought a new position in shares of PepsiCo in the fourth quarter worth about $31,000. Finally, Summit Securities Group LLC bought a new position in shares of PepsiCo in the fourth quarter worth about $33,000. Institutional investors own 73.07% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $148.00 price objective on shares of PepsiCo in a research note on Tuesday, June 24th. JPMorgan Chase & Co. lifted their target price on PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research note on Monday, April 21st. Bank of America decreased their target price on PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Evercore ISI set a $140.00 target price on PepsiCo in a research note on Thursday, April 24th. Finally, Barclays decreased their target price on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $159.75.

PepsiCo Stock Performance

NASDAQ PEP opened at $135.58 on Friday. The stock has a market capitalization of $185.88 billion, a PE ratio of 19.94, a P/E/G ratio of 4.23 and a beta of 0.45. The business has a 50 day simple moving average of $131.40 and a two-hundred day simple moving average of $142.26. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.83 and a quick ratio of 0.65. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly 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). The firm had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 billion. PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The business's quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.61 EPS. On average, research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were issued a $1.4225 dividend. This is a boost from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend was Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.20%. PepsiCo's payout ratio is 83.68%.

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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