Dakota Community Bank & Trust NA Sells 515 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Dakota Community Bank & Trust NA lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 20.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,966 shares of the company’s stock after selling 515 shares during the quarter. PepsiCo accounts for 1.4% of Dakota Community Bank & Trust NA’s investment portfolio, making the stock its 23rd largest holding. Dakota Community Bank & Trust NA’s holdings in PepsiCo were worth $299,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. XTX Topco Ltd purchased a new position in shares of PepsiCo in the second quarter worth about $1,707,000. Brighton Jones LLC raised its holdings in PepsiCo by 6.3% during the 2nd quarter. Brighton Jones LLC now owns 27,806 shares of the company’s stock valued at $4,586,000 after acquiring an additional 1,655 shares during the period. Ieq Capital LLC lifted its position in shares of PepsiCo by 5.9% during the second quarter. Ieq Capital LLC now owns 105,460 shares of the company’s stock worth $17,394,000 after acquiring an additional 5,863 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of PepsiCo by 7.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 106,734 shares of the company’s stock valued at $17,604,000 after purchasing an additional 7,620 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in shares of PepsiCo by 0.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,333,908 shares of the company’s stock valued at $549,861,000 after purchasing an additional 17,800 shares during the period. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Trading Up 1.2 %

PEP stock opened at $148.25 on Friday. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The company has a market capitalization of $203.40 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 2.57 and a beta of 0.54. The company’s 50 day moving average price is $155.37 and its two-hundred day moving average price is $165.82. 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 firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were given a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 annualized dividend and a yield of 3.66%. PepsiCo’s payout ratio is 79.94%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company decreased their price target on PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Royal Bank of Canada lowered their target price on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research note on Friday, October 4th. Piper Sandler began coverage on shares of PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price target for the company. Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a research report on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft upgraded PepsiCo from a “hold” rating to a “buy” rating and upped their target price for the stock from $179.00 to $184.00 in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $178.60.

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.