Arvest Bank Trust Division lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 17.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,836 shares of the company’s stock after selling 587 shares during the period. Arvest Bank Trust Division’s holdings in PepsiCo were worth $388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Vista Private Wealth Partners. LLC purchased a new position in PepsiCo in the third quarter valued at $36,000. Cordasco Financial Network increased its holdings in PepsiCo by 50.0% in the third quarter. Cordasco Financial Network now owns 300 shares of the company’s stock valued at $41,000 after buying an additional 100 shares in the last quarter. 1 North Wealth Services LLC purchased a new position in PepsiCo in the third quarter valued at $44,000. Simon Quick Advisors LLC increased its holdings in PepsiCo by 53.9% in the fourth quarter. Simon Quick Advisors LLC now owns 337 shares of the company’s stock valued at $46,000 after buying an additional 118 shares in the last quarter. Finally, Fulcrum Capital LLC increased its holdings in PepsiCo by 6.0% in the third quarter. Fulcrum Capital LLC now owns 49,732 shares of the company’s stock valued at $47,000 after buying an additional 2,834 shares in the last quarter. 71.14% of the stock is owned by hedge funds and other institutional investors.

PEP has been the subject of a number of recent analyst reports. BMO Capital Markets reaffirmed a “market perform” rating and issued a $133.00 price objective (up previously from $128.00) on shares of PepsiCo in a report on Friday, October 4th. BidaskClub cut shares of PepsiCo from a “sell” rating to a “strong sell” rating in a report on Friday. Morgan Stanley cut shares of PepsiCo from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. JPMorgan Chase & Co. set a $154.00 price objective on shares of PepsiCo and gave the company a “buy” rating in a report on Thursday, October 3rd. Finally, Citigroup lifted their price objective on shares of PepsiCo from $139.00 to $143.00 and gave the company a “neutral” rating in a report on Friday, October 4th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $135.53.

Shares of PEP stock traded down $0.08 on Tuesday, reaching $136.45. 195,455 shares of the company were exchanged, compared to its average volume of 3,694,697. The company has a market cap of $187.59 billion, a price-to-earnings ratio of 24.10, a P/E/G ratio of 3.24 and a beta of 0.53. The business has a 50-day moving average price of $136.37 and a 200 day moving average price of $134.51. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.77 and a current ratio of 0.95. PepsiCo, Inc. has a 1 year low of $106.73 and a 1 year high of $140.45.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Friday, December 6th were paid a dividend of $0.955 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $3.82 dividend on an annualized basis and a dividend yield of 2.80%. PepsiCo’s dividend payout ratio is currently 67.49%.

PepsiCo Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

Featured Article: Is it Safe to Invest in Commodities?

Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP).

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

Receive News & Ratings for PepsiCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo and related companies with MarketBeat.com's FREE daily email newsletter.