Hancock Whitney Corp Reduces Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Hancock Whitney Corp reduced its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,763 shares of the company’s stock after selling 1,421 shares during the quarter. Hancock Whitney Corp’s holdings in PepsiCo were worth $3,521,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of PEP. Cortland Associates Inc. MO grew its holdings in shares of PepsiCo by 4.3% during the fourth quarter. Cortland Associates Inc. MO now owns 1,719 shares of the company’s stock worth $235,000 after buying an additional 71 shares in the last quarter. Lucia Wealth Services LLC grew its holdings in shares of PepsiCo by 26.8% during the fourth quarter. Lucia Wealth Services LLC now owns 350 shares of the company’s stock worth $48,000 after buying an additional 74 shares in the last quarter. First Bank & Trust grew its holdings in shares of PepsiCo by 0.5% during the third quarter. First Bank & Trust now owns 14,552 shares of the company’s stock worth $1,995,000 after buying an additional 75 shares in the last quarter. Boyd Watterson Asset Management LLC OH grew its holdings in shares of PepsiCo by 0.5% during the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 15,628 shares of the company’s stock worth $2,136,000 after buying an additional 75 shares in the last quarter. Finally, Holderness Investments Co. grew its holdings in shares of PepsiCo by 0.8% during the fourth quarter. Holderness Investments Co. now owns 9,678 shares of the company’s stock worth $1,323,000 after buying an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 71.35% of the company’s stock.

A number of equities research analysts have recently commented on PEP shares. BidaskClub upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Saturday, January 25th. Evercore ISI reiterated a “hold” rating on shares of PepsiCo in a report on Sunday, December 15th. Cfra lifted their price target on shares of PepsiCo from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Morgan Stanley downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $136.75.

PepsiCo stock opened at $146.47 on Friday. PepsiCo, Inc. has a 1 year low of $111.88 and a 1 year high of $147.13. The firm has a 50 day moving average price of $140.04 and a 200 day moving average price of $136.11. The company has a market cap of $203.11 billion, a price-to-earnings ratio of 16.72, a PEG ratio of 3.51 and a beta of 0.53. 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 (NASDAQ:PEP) last released its earnings results on Thursday, February 13th. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.01. PepsiCo had a net margin of 18.78% and a return on equity of 55.00%. The firm had revenue of $20.64 billion during the quarter, compared to the consensus estimate of $20.24 billion. During the same period in the previous year, the firm earned $1.49 earnings per share. PepsiCo’s revenue was up 5.7% compared to the same quarter last year. Sell-side analysts predict that PepsiCo, Inc. will post 5.51 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th will be given a dividend of $0.955 per share. The ex-dividend date is Thursday, March 5th. This represents a $3.82 dividend on an annualized basis and a yield of 2.61%. PepsiCo’s dividend payout ratio (DPR) is 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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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