Oakworth Capital Inc. Has $1.40 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Oakworth Capital Inc. trimmed its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 10.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,332 shares of the company’s stock after selling 1,064 shares during the period. Oakworth Capital Inc.’s holdings in PepsiCo were worth $1,399,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. WealthTrak Capital Management LLC bought a new position in shares of PepsiCo in the 4th quarter valued at about $28,000. Prudent Man Investment Management Inc. bought a new position in PepsiCo in the fourth quarter valued at approximately $30,000. Measured Risk Portfolios Inc. acquired a new stake in PepsiCo during the 4th quarter worth $31,000. Summit Securities Group LLC bought a new stake in shares of PepsiCo during the 4th quarter valued at $33,000. Finally, GKV Capital Management Co. Inc. bought a new position in shares of PepsiCo in the 4th quarter worth $38,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Up 0.2%

PepsiCo stock opened at $128.22 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 2.13. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $180.91. The company has a fifty day simple moving average of $132.07 and a 200 day simple moving average of $143.22. The company has a market cap of $175.80 billion, a P/E ratio of 18.86, a price-to-earnings-growth ratio of 3.68 and a beta of 0.45.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The company had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the previous year, the business earned $1.61 EPS. PepsiCo’s revenue was down 1.8% on a year-over-year basis. Research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a $1.4225 dividend. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a yield of 4.44%. The ex-dividend date is Friday, June 6th. PepsiCo’s dividend payout ratio is currently 83.68%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PEP. Bank of America dropped their price objective on PepsiCo from $155.00 to $150.00 and set a “neutral” rating for the company in a report on Friday, April 25th. Morgan Stanley cut their price target on shares of PepsiCo from $168.00 to $153.00 and set an “equal weight” rating on the stock in a research report on Friday, April 25th. UBS Group decreased their price objective on shares of PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a report on Friday, April 25th. Citigroup reduced their price target on shares of PepsiCo from $170.00 to $160.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Finally, Evercore ISI set a $140.00 price objective on shares of PepsiCo in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $159.75.

PepsiCo Company 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.