Security National Bank of Sioux City Iowa IA Has $1.41 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Security National Bank of Sioux City Iowa IA trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,257 shares of the company’s stock after selling 796 shares during the quarter. Security National Bank of Sioux City Iowa IA’s holdings in PepsiCo were worth $1,408,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Collier Financial purchased a new stake in PepsiCo in the 4th quarter valued at $28,000. WealthTrak Capital Management LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at about $28,000. Creative Capital Management Investments LLC bought a new position in shares of PepsiCo during the fourth quarter valued at about $30,000. Prudent Man Investment Management Inc. purchased a new position in PepsiCo during the fourth quarter worth about $30,000. Finally, Measured Risk Portfolios Inc. purchased a new stake in PepsiCo in the 4th quarter valued at about $31,000. 73.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on PEP. Evercore ISI set a $140.00 price objective on PepsiCo in a research report on Thursday, April 24th. JPMorgan Chase & Co. boosted their price target on shares of PepsiCo from $158.00 to $159.00 and gave the stock a “neutral” rating in a report on Monday, April 21st. Wells Fargo & Company decreased their price objective on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $163.00 target price on shares of PepsiCo in a research note on Tuesday, April 22nd. Finally, Morgan Stanley decreased their price target on shares of PepsiCo from $168.00 to $153.00 and set an “equal weight” rating for the company in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo has a consensus rating of “Hold” and an average price target of $160.69.

PepsiCo Stock Performance

NASDAQ:PEP opened at $131.50 on Friday. PepsiCo, Inc. has a 52-week low of $127.87 and a 52-week high of $183.41. The business’s fifty day moving average is $141.78 and its 200 day moving average is $149.90. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The firm has a market cap of $180.30 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). The firm had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. PepsiCo’s revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.61 earnings per share. Research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a $1.4225 dividend. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo’s dividend payout ratio is currently 83.68%.

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.