Stock Yards Bank & Trust Co. Purchases 277 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Stock Yards Bank & Trust Co. grew its stake in PepsiCo, Inc. (NASDAQ:PEP) by 0.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,438 shares of the company’s stock after acquiring 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 hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Amundi bought a new position in shares of PepsiCo in the second quarter worth approximately $986,948,000. American Century Companies Inc. lifted its stake in shares of PepsiCo by 60.8% in the second quarter. American Century Companies Inc. now owns 4,706,803 shares of the company’s stock worth $697,407,000 after buying an additional 1,779,157 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of PepsiCo by 10.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 13,524,455 shares of the company’s stock worth $2,003,918,000 after buying an additional 1,247,445 shares in the last quarter. Yacktman Asset Management LP lifted its stake in shares of PepsiCo by 35.0% in the second quarter. Yacktman Asset Management LP now owns 4,478,683 shares of the company’s stock worth $663,606,000 after buying an additional 1,162,115 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in shares of PepsiCo by 56.9% in the second quarter. Canada Pension Plan Investment Board now owns 2,957,138 shares of the company’s stock worth $438,159,000 after buying an additional 1,072,161 shares in the last quarter. 70.48% of the stock is currently owned by hedge funds and other institutional investors.

In other PepsiCo news, CFO Hugh F. Johnston sold 37,266 shares of the stock in a transaction that occurred on Thursday, October 21st. The shares were 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 the SEC website. 0.14% of the stock is owned by corporate insiders.

PEP has been the topic of several analyst reports. UBS Group upped their target price on shares of PepsiCo from $170.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, October 6th. Barclays increased their price objective on shares of PepsiCo from $165.00 to $168.00 and gave the company an “overweight” rating in a research report on Thursday, October 7th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of PepsiCo from $158.00 to $160.00 and gave the company a “hold” rating in a research report on Wednesday, October 6th. Guggenheim upped their target price on shares of PepsiCo from $171.00 to $175.00 and gave the company a “buy” rating in a report on Tuesday, September 21st. Finally, Evercore ISI restated a “hold” rating and set a $160.00 price objective on shares of PepsiCo in a research report on Thursday, October 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, PepsiCo presently has a consensus rating of “Hold” and a consensus target price of $162.86.

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

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Monday, October 4th. The company reported $1.79 EPS for the quarter, topping the consensus estimate of $1.73 by $0.06. The firm had revenue of $20.19 billion for the quarter, compared to analyst estimates of $19.39 billion. PepsiCo had a net margin of 10.62% and a return on equity of 58.31%. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.66 EPS. Equities analysts forecast that PepsiCo, Inc. will post 6.25 earnings per share for the current year.

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

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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