Bank of Hawaii Cuts Position in PepsiCo, Inc. (NASDAQ:PEP)

Bank of Hawaii trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 16.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,245 shares of the company’s stock after selling 2,609 shares during the quarter. Bank of Hawaii’s holdings in PepsiCo were worth $2,014,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of PEP. WealthTrak Capital Management LLC bought a new position in shares of PepsiCo in the fourth quarter worth $28,000. Collier Financial bought a new stake in PepsiCo in the fourth quarter valued at approximately $28,000. Creative Capital Management Investments LLC bought a new position in PepsiCo during the 4th quarter valued at approximately $30,000. Prudent Man Investment Management Inc. purchased a new stake in shares of PepsiCo in the 4th quarter worth about $30,000. Finally, Summit Securities Group LLC bought a new stake in shares of PepsiCo during the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

PEP opened at $145.59 on Thursday. The stock has a market cap of $199.65 billion, a P/E ratio of 20.95, a P/E/G ratio of 3.09 and a beta of 0.49. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The firm has a fifty day moving average price of $148.47 and a 200 day moving average price of $156.13. PepsiCo, Inc. has a 1 year low of $138.33 and a 1 year high of $183.41.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.02. The business had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the company posted $1.78 EPS. Equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo’s payout ratio is 77.99%.

Wall Street Analysts Forecast Growth

PEP has been the topic of several analyst reports. UBS Group dropped their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Jefferies Financial Group lowered shares of PepsiCo from a “buy” rating to a “hold” rating and reduced their price objective for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft cut their price target on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Barclays lowered shares of PepsiCo from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $168.00 to $156.00 in a report on Tuesday, March 18th. Finally, Wells Fargo & Company reduced their target price on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, PepsiCo has an average rating of “Hold” and a consensus target price of $169.88.

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.