Emprise Bank Decreases Stake in PepsiCo, Inc. (NASDAQ:PEP)

Emprise Bank lowered its stake in PepsiCo, Inc. (NASDAQ:PEP) by 16.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,271 shares of the company’s stock after selling 2,050 shares during the period. PepsiCo makes up 0.9% of Emprise Bank’s investment portfolio, making the stock its 26th largest position. Emprise Bank’s holdings in PepsiCo were worth $1,562,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Compton Wealth Advisory Group LLC raised its holdings in shares of PepsiCo by 1.5% in the fourth quarter. Compton Wealth Advisory Group LLC now owns 12,199 shares of the company’s stock worth $1,855,000 after buying an additional 175 shares during the last quarter. Capital Investment Advisors LLC increased its stake in shares of PepsiCo by 1.9% in the fourth quarter. Capital Investment Advisors LLC now owns 39,927 shares of the company’s stock worth $6,071,000 after acquiring an additional 743 shares during the period. City State Bank increased its stake in shares of PepsiCo by 32.8% in the fourth quarter. City State Bank now owns 2,842 shares of the company’s stock worth $432,000 after acquiring an additional 702 shares during the period. Clark & Stuart Inc acquired a new stake in shares of PepsiCo in the fourth quarter worth $4,437,000. Finally, Matrix Trust Co increased its stake in shares of PepsiCo by 15.8% in the fourth quarter. Matrix Trust Co now owns 7,261 shares of the company’s stock worth $1,104,000 after acquiring an additional 992 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PEP. Barclays dropped their price target on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and raised their price target for the company from $179.00 to $184.00 in a research report on Thursday, December 12th. Bank of America dropped their target price on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company dropped their target price on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $180.64.

PepsiCo Trading Up 1.2 %

PEP stock traded up $1.66 during trading on Monday, reaching $144.30. 2,726,331 shares of the stock were exchanged, compared to its average volume of 6,575,621. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The business has a 50 day moving average price of $157.35 and a 200-day moving average price of $166.50. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The firm has a market capitalization of $197.98 billion, a price-to-earnings ratio of 21.28, a P/E/G ratio of 2.94 and a beta of 0.54.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is 79.94%.

PepsiCo 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.