Stock Yards Bank & Trust Co. Grows Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Stock Yards Bank & Trust Co. grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,438 shares of the company’s stock after buying an additional 277 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in PepsiCo were worth $8,338,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in PEP. OLD Mission Capital LLC bought a new position in PepsiCo during the 3rd quarter worth approximately $256,000. Ironwood Wealth Management LLC. lifted its stake in PepsiCo by 38.4% in the first quarter. Ironwood Wealth Management LLC. now owns 1,892 shares of the company’s stock valued at $268,000 after buying an additional 525 shares during the last quarter. Hoylecohen LLC boosted its holdings in shares of PepsiCo by 52.0% during the first quarter. Hoylecohen LLC now owns 8,624 shares of the company’s stock valued at $1,220,000 after acquiring an additional 2,952 shares during the period. Sargent Bickham Lagudis LLC grew its position in shares of PepsiCo by 3.0% during the first quarter. Sargent Bickham Lagudis LLC now owns 5,130 shares of the company’s stock worth $726,000 after acquiring an additional 147 shares during the last quarter. Finally, Fragasso Group Inc. lifted its position in PepsiCo by 7.1% in the 1st quarter. Fragasso Group Inc. now owns 33,766 shares of the company’s stock valued at $4,776,000 after purchasing an additional 2,250 shares during the last quarter. Institutional investors own 70.48% of the company’s stock.

Shares of PepsiCo stock traded down $1.51 on Thursday, reaching $163.74. 3,308,040 shares of the company were exchanged, compared to its average volume of 4,732,310. The stock has a fifty day moving average price of $158.84 and a 200-day moving average price of $154.23. The firm has a market capitalization of $226.40 billion, a price-to-earnings ratio of 27.89, a price-to-earnings-growth ratio of 2.97 and a beta of 0.62. The company has a current ratio of 0.95, a quick ratio of 0.77 and a debt-to-equity ratio of 2.32. PepsiCo, Inc. has a fifty-two week low of $128.32 and a fifty-two week high of $166.80.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Monday, October 4th. The company reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.06. The company had revenue of $20.19 billion for the quarter, compared to analyst estimates of $19.39 billion. PepsiCo had a return on equity of 58.31% and a net margin of 10.62%. PepsiCo’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.66 earnings per share. On average, equities analysts anticipate that PepsiCo, Inc. will post 6.25 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 7th. Stockholders of record on Friday, December 3rd will be given a dividend of $1.075 per share. This represents a $4.30 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date is Thursday, December 2nd. PepsiCo’s dividend payout ratio (DPR) is presently 73.25%.

In related news, CFO Hugh F. Johnston sold 37,266 shares of the company’s stock in a transaction on Thursday, October 21st. The stock was sold at an average price of $160.30, for a total transaction of $5,973,739.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.14% of the stock is owned by insiders.

Several analysts recently commented on PEP shares. Guggenheim raised their target price on PepsiCo from $171.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, September 21st. Evercore ISI reaffirmed a “hold” rating and issued a $160.00 price objective on shares of PepsiCo in a report on Thursday, October 7th. UBS Group raised their target price on shares of PepsiCo from $170.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, October 6th. Zacks Investment Research lowered shares of PepsiCo from a “buy” rating to a “hold” rating and set a $164.00 price target for the company. in a research note on Monday, August 9th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of PepsiCo from $158.00 to $160.00 and gave the company a “hold” rating in a research note on Wednesday, October 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $162.86.

PepsiCo Company Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution and sale of beverages, food, and snacks. It is a food and beverage company with a complementary portfolio of brands, including Frito-Lay, Gatorade, Pepsi-Cola, Quaker, and Tropicana. It operates through the following business segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; and Africa, Middle East and South Asia The Frito-Lay North America segment markets, distributes, and sells snack foods under the Lay’s, Doritos, Cheetos, Tostitos, Fritos, Ruffles, and Santitas brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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