Field & Main Bank Sells 785 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Field & Main Bank cut its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,758 shares of the company’s stock after selling 785 shares during the period. Field & Main Bank’s holdings in PepsiCo were worth $3,004,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Scientech Research LLC bought a new position in PepsiCo during the second quarter valued at about $325,000. Invst LLC increased its position in shares of PepsiCo by 28.1% during the second quarter. Invst LLC now owns 2,870 shares of the company’s stock valued at $467,000 after purchasing an additional 630 shares during the period. Quarry LP raised its stake in shares of PepsiCo by 409.7% in the second quarter. Quarry LP now owns 892 shares of the company’s stock valued at $147,000 after purchasing an additional 717 shares in the last quarter. Pathway Financial Advisers LLC lifted its position in PepsiCo by 2.1% in the second quarter. Pathway Financial Advisers LLC now owns 34,685 shares of the company’s stock worth $5,692,000 after purchasing an additional 720 shares during the period. Finally, Granite Bay Wealth Management LLC increased its holdings in PepsiCo by 9.3% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 25,676 shares of the company’s stock valued at $4,235,000 after buying an additional 2,187 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $150.49 on Wednesday. The stock has a market capitalization of $206.47 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 2.86 and a beta of 0.54. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The stock has a 50 day moving average price of $153.68 and a 200 day moving average price of $165.17. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were issued a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.60%. PepsiCo’s payout ratio is 79.94%.

Wall Street Analysts Forecast Growth

PEP has been the topic of several recent research reports. UBS Group decreased their target price on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Royal Bank of Canada cut their target price on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research report on Friday, October 4th. Deutsche Bank Aktiengesellschaft lowered their price target on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Finally, TD Cowen cut their price target on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, PepsiCo has an average rating of “Hold” and an average price target of $177.00.

About PepsiCo

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.