Trust Co. of Oklahoma Has $4.30 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

Trust Co. of Oklahoma grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 28,269 shares of the company’s stock after acquiring an additional 799 shares during the quarter. PepsiCo accounts for 1.4% of Trust Co. of Oklahoma’s holdings, making the stock its 21st biggest position. Trust Co. of Oklahoma’s holdings in PepsiCo were worth $4,299,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fred Alger Management LLC increased its stake in PepsiCo by 5.6% in the second quarter. Fred Alger Management LLC now owns 49,842 shares of the company’s stock valued at $8,220,000 after purchasing an additional 2,651 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of PepsiCo in the 2nd quarter valued at about $223,000. Ameriprise Financial Inc. increased its position in PepsiCo by 1.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,130,517 shares of the company’s stock valued at $846,030,000 after buying an additional 57,322 shares in the last quarter. Elgethun Capital Management boosted its holdings in PepsiCo by 0.9% in the second quarter. Elgethun Capital Management now owns 6,977 shares of the company’s stock worth $1,151,000 after acquiring an additional 63 shares in the last quarter. Finally, Drucker Wealth 3.0 LLC acquired a new stake in PepsiCo in the second quarter valued at approximately $537,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Trading Up 0.4 %

NASDAQ PEP opened at $148.62 on Friday. The stock has a market capitalization of $203.91 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 2.86 and a beta of 0.54. The business’s fifty day moving average is $154.40 and its 200-day moving average is $165.52. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s payout ratio is 79.94%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on PEP shares. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Piper Sandler assumed coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective on the stock. TD Cowen decreased their target price on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. UBS Group dropped their price target on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Finally, Barclays decreased their price objective on PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $178.20.

About PepsiCo

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.