Texas Capital Bancshares Inc. TX lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 11.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,339 shares of the company’s stock after buying an additional 242 shares during the quarter. Texas Capital Bancshares Inc. TX’s holdings in PepsiCo were worth $259,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Leavell Investment Management Inc. increased its holdings in shares of PepsiCo by 0.6% in the 4th quarter. Leavell Investment Management Inc. now owns 16,637 shares of the company’s stock valued at $1,853,000 after acquiring an additional 106 shares during the period. Hayek Kallen Investment Management increased its holdings in shares of PepsiCo by 0.4% in the 4th quarter. Hayek Kallen Investment Management now owns 27,585 shares of the company’s stock valued at $3,048,000 after acquiring an additional 110 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management increased its holdings in shares of PepsiCo by 0.4% in the 4th quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 31,175 shares of the company’s stock valued at $3,444,000 after acquiring an additional 121 shares during the period. First United Bank Trust increased its holdings in shares of PepsiCo by 0.6% in the 4th quarter. First United Bank Trust now owns 20,403 shares of the company’s stock valued at $2,254,000 after acquiring an additional 122 shares during the period. Finally, Cohen Lawrence B increased its stake in PepsiCo by 0.3% in the 4th quarter. Cohen Lawrence B now owns 38,064 shares of the company’s stock valued at $4,206,000 after buying an additional 124 shares during the period. Institutional investors and hedge funds own 72.29% of the company’s stock.

In other PepsiCo news, CEO Vivek Sankaran sold 13,000 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $117.28, for a total transaction of $1,524,640.00. Following the sale, the chief executive officer now directly owns 90,379 shares in the company, valued at approximately $10,599,649.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.28% of the stock is currently owned by insiders.

Shares of NASDAQ PEP opened at $122.17 on Wednesday. The firm has a market cap of $171.56 billion, a price-to-earnings ratio of 21.58, a P/E/G ratio of 3.16 and a beta of 0.65. PepsiCo, Inc. has a one year low of $95.94 and a one year high of $123.19. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.85 and a current ratio of 0.99.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Friday, February 15th. The company reported $1.49 EPS for the quarter, hitting the consensus estimate of $1.49. The company had revenue of $19.52 billion for the quarter, compared to analyst estimates of $19.52 billion. PepsiCo had a net margin of 19.35% and a return on equity of 69.83%. The business’s revenue was up .0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.31 EPS. Analysts forecast that PepsiCo, Inc. will post 5.5 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 1st were given a dividend of $0.9275 per share. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $3.71 annualized dividend and a dividend yield of 3.04%. PepsiCo’s payout ratio is currently 65.55%.

Several equities analysts have issued reports on the stock. BidaskClub cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Tuesday. Credit Suisse Group assumed coverage on shares of PepsiCo in a research note on Wednesday, March 6th. They issued an “underperform” rating and a $100.00 price objective on the stock. Zacks Investment Research cut shares of PepsiCo from a “hold” rating to a “sell” rating in a research note on Thursday, February 21st. Gabelli reissued a “buy” rating on shares of PepsiCo in a research note on Tuesday, February 19th. Finally, Morgan Stanley boosted their price objective on shares of PepsiCo from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, February 19th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. PepsiCo presently has an average rating of “Hold” and a consensus target price of $118.79.

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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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