Trust Co. of Oklahoma Has $5.62 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

Trust Co. of Oklahoma cut its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 0.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,356 shares of the company’s stock after selling 284 shares during the period. PepsiCo accounts for 2.1% of Trust Co. of Oklahoma’s investment portfolio, making the stock its 10th biggest position. Trust Co. of Oklahoma’s holdings in PepsiCo were worth $5,623,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Essex Savings Bank boosted its holdings in PepsiCo by 0.6% in the 1st quarter. Essex Savings Bank now owns 18,928 shares of the company’s stock valued at $3,451,000 after purchasing an additional 107 shares during the period. First Personal Financial Services boosted its holdings in PepsiCo by 2.0% in the 1st quarter. First Personal Financial Services now owns 32,470 shares of the company’s stock valued at $5,919,000 after purchasing an additional 623 shares during the period. Warther Private Wealth LLC boosted its holdings in PepsiCo by 7.4% in the 1st quarter. Warther Private Wealth LLC now owns 2,479 shares of the company’s stock valued at $452,000 after purchasing an additional 171 shares during the period. Zuckerman Investment Group LLC boosted its holdings in PepsiCo by 4.4% in the 1st quarter. Zuckerman Investment Group LLC now owns 1,831 shares of the company’s stock valued at $334,000 after purchasing an additional 78 shares during the period. Finally, Trinity Legacy Partners LLC boosted its holdings in PepsiCo by 0.3% in the 1st quarter. Trinity Legacy Partners LLC now owns 31,270 shares of the company’s stock valued at $5,701,000 after purchasing an additional 93 shares during the period. 71.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on PEP. Barclays lowered their price objective on shares of PepsiCo from $206.00 to $198.00 in a research report on Monday, July 10th. Evercore ISI raised their price objective on shares of PepsiCo from $190.00 to $195.00 in a research report on Friday, July 14th. Morgan Stanley cut shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $210.00 price objective on the stock. in a research report on Monday, July 17th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of PepsiCo from $193.00 to $195.00 in a research report on Friday, July 14th. Finally, Argus raised their price objective on shares of PepsiCo from $206.00 to $212.00 in a research report on Friday, July 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $192.00.

PepsiCo Stock Performance

Shares of NASDAQ:PEP opened at $179.38 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.64 and a debt-to-equity ratio of 2.02. The company has a 50-day moving average price of $182.67 and a 200-day moving average price of $184.61. The company has a market cap of $246.93 billion, a price-to-earnings ratio of 31.42, a price-to-earnings-growth ratio of 2.95 and a beta of 0.54. PepsiCo, Inc. has a 12 month low of $160.98 and a 12 month high of $196.88.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, July 13th. The company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.13. PepsiCo had a return on equity of 56.05% and a net margin of 8.76%. The business had revenue of $22.32 billion during the quarter, compared to analysts’ expectations of $21.73 billion. During the same quarter last year, the business posted $1.86 EPS. The business’s revenue was up 10.4% on a year-over-year basis. As a group, equities analysts anticipate that PepsiCo, Inc. will post 7.48 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be given a $1.265 dividend. The ex-dividend date is Thursday, August 31st. This represents a $5.06 annualized dividend and a dividend yield of 2.82%. PepsiCo’s dividend payout ratio is 88.62%.

PepsiCo Company Profile

PepsiCo, Inc manufactures, markets, distributes, and sells 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.