Oakworth Capital Inc. Sells 191 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Oakworth Capital Inc. lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,396 shares of the company’s stock after selling 191 shares during the quarter. Oakworth Capital Inc.’s holdings in PepsiCo were worth $1,581,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PEP. AMF Tjanstepension AB boosted its position in shares of PepsiCo by 15.8% in the 3rd quarter. AMF Tjanstepension AB now owns 293,824 shares of the company’s stock worth $50,016,000 after purchasing an additional 40,031 shares in the last quarter. Czech National Bank raised its stake in PepsiCo by 6.8% in the 3rd quarter. Czech National Bank now owns 279,811 shares of the company’s stock worth $47,582,000 after acquiring an additional 17,833 shares during the last quarter. Insight Wealth Strategies LLC purchased a new position in PepsiCo in the 3rd quarter worth $633,000. Country Trust Bank raised its stake in PepsiCo by 2.3% in the 3rd quarter. Country Trust Bank now owns 131,428 shares of the company’s stock worth $22,349,000 after acquiring an additional 2,960 shares during the last quarter. Finally, Reliant Investment Management LLC raised its stake in PepsiCo by 1.2% in the 3rd quarter. Reliant Investment Management LLC now owns 30,873 shares of the company’s stock worth $5,250,000 after acquiring an additional 361 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Piper Sandler assumed coverage on PepsiCo in a research note on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 target price for the company. HSBC reduced their price objective on PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research note on Tuesday. TD Cowen reduced their price objective on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Royal Bank of Canada assumed coverage on PepsiCo in a research note on Tuesday. They set a $172.00 price objective for the company. Finally, Evercore ISI cut their price target on PepsiCo from $180.00 to $160.00 in a research note on Tuesday. One analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $171.47.

PepsiCo Stock Performance

NASDAQ PEP opened at $145.66 on Thursday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The company has a market capitalization of $199.84 billion, a PE ratio of 21.48, a P/E/G ratio of 2.92 and a beta of 0.54. The company has a fifty day moving average of $152.49 and a two-hundred day moving average of $164.53.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The company had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter in the prior year, the firm posted $1.78 earnings per share. PepsiCo’s revenue for the quarter was down .2% on a year-over-year basis. As a group, analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.72%. PepsiCo’s dividend payout ratio (DPR) is 79.94%.

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.