UMB Bank n.a. Sells 7,493 Shares of PepsiCo, Inc. (NASDAQ:PEP)

UMB Bank n.a. reduced its holdings in shares of PepsiCo, Inc. (NASDAQ:PEPFree Report) by 3.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 232,378 shares of the company’s stock after selling 7,493 shares during the period. UMB Bank n.a.’s holdings in PepsiCo were worth $39,467,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of PEP. Webster Bank N. A. increased its holdings in PepsiCo by 2.7% during the 4th quarter. Webster Bank N. A. now owns 49,201 shares of the company’s stock worth $8,356,000 after purchasing an additional 1,287 shares during the period. Independence Bank of Kentucky increased its holdings in PepsiCo by 17.1% during the 4th quarter. Independence Bank of Kentucky now owns 14,721 shares of the company’s stock worth $2,500,000 after purchasing an additional 2,145 shares during the period. DAVENPORT & Co LLC increased its holdings in PepsiCo by 6.2% during the 4th quarter. DAVENPORT & Co LLC now owns 198,653 shares of the company’s stock worth $33,738,000 after purchasing an additional 11,664 shares during the period. Iowa State Bank increased its holdings in PepsiCo by 0.7% during the 4th quarter. Iowa State Bank now owns 44,354 shares of the company’s stock worth $7,533,000 after purchasing an additional 330 shares during the period. Finally, LMG Wealth Partners LLC increased its holdings in PepsiCo by 1.5% during the 4th quarter. LMG Wealth Partners LLC now owns 42,428 shares of the company’s stock worth $7,206,000 after purchasing an additional 642 shares during the period. 73.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on PEP shares. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a report on Monday, March 18th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $180.00 price target on shares of PepsiCo in a report on Monday, February 12th. Barclays lifted their price target on PepsiCo from $179.00 to $183.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. JPMorgan Chase & Co. downgraded PepsiCo from an “overweight” rating to a “neutral” rating and cut their price target for the company from $185.00 to $176.00 in a report on Tuesday, December 19th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from, the stock presently has an average rating of “Moderate Buy” and an average price target of $187.77.

Read Our Latest Report on PepsiCo

PepsiCo Stock Performance

Shares of PEP opened at $171.44 on Wednesday. The stock has a 50-day moving average of $168.60 and a two-hundred day moving average of $167.80. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $196.88. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.68 and a current ratio of 0.85. The stock has a market cap of $235.65 billion, a P/E ratio of 26.09, a P/E/G ratio of 2.71 and a beta of 0.53.

PepsiCo (NASDAQ:PEPGet Free Report) last issued its quarterly earnings results on Friday, February 9th. The company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.06. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The company had revenue of $27.84 billion during the quarter, compared to analysts’ expectations of $28.40 billion. During the same quarter in the previous year, the firm posted $1.67 EPS. The firm’s revenue was down .6% compared to the same quarter last year. As a group, research analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were issued a $1.265 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 annualized dividend and a dividend yield of 2.95%. PepsiCo’s dividend payout ratio (DPR) is presently 77.02%.

PepsiCo Profile

(Free Report)

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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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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