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

Dakota Community Bank & Trust NA lessened its position in PepsiCo, Inc. (NASDAQ:PEP) by 20.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,966 shares of the company’s stock after selling 515 shares during the period. PepsiCo accounts for 1.4% of Dakota Community Bank & Trust NA’s holdings, making the stock its 23rd largest holding. Dakota Community Bank & Trust NA’s holdings in PepsiCo were worth $299,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of PEP. XTX Topco Ltd bought a new position in PepsiCo during the 2nd quarter valued at approximately $1,707,000. Brighton Jones LLC increased its stake in shares of PepsiCo by 6.3% during the second quarter. Brighton Jones LLC now owns 27,806 shares of the company’s stock valued at $4,586,000 after buying an additional 1,655 shares during the period. Ieq Capital LLC raised its holdings in shares of PepsiCo by 5.9% during the second quarter. Ieq Capital LLC now owns 105,460 shares of the company’s stock valued at $17,394,000 after acquiring an additional 5,863 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in 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 acquiring an additional 7,620 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its position in 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. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

PEP has been the subject of several research analyst reports. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Royal Bank of Canada cut their price objective on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research report on Friday, October 4th. Barclays decreased their target price on PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a research report on Friday. Bank of America dropped their price target on PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Finally, Piper Sandler began coverage on PepsiCo in a report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $178.60.

PepsiCo Stock Up 1.2 %

Shares of PepsiCo stock opened at $148.25 on Friday. The company has a 50-day simple moving average of $155.37 and a two-hundred day simple moving average of $165.82. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The stock 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.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were paid 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 dividend payout ratio is 79.94%.

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.