Trust Co. of Oklahoma Sells 262 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Trust Co. of Oklahoma lessened its position in PepsiCo, Inc. (NASDAQ:PEP) by 0.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,854 shares of the company’s stock after selling 262 shares during the quarter. PepsiCo makes up about 1.7% of Trust Co. of Oklahoma’s portfolio, making the stock its 14th biggest position. Trust Co. of Oklahoma’s holdings in PepsiCo were worth $4,875,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in PepsiCo during the fourth quarter worth about $2,686,139,000. International Assets Investment Management LLC raised its stake in shares of PepsiCo by 9,623.6% during the 4th quarter. International Assets Investment Management LLC now owns 3,058,061 shares of the company’s stock worth $519,381,000 after purchasing an additional 3,026,611 shares in the last quarter. Flossbach Von Storch AG boosted its holdings in shares of PepsiCo by 121.4% in the 4th quarter. Flossbach Von Storch AG now owns 2,727,622 shares of the company’s stock valued at $463,259,000 after buying an additional 1,495,586 shares during the last quarter. California Public Employees Retirement System increased its holdings in PepsiCo by 17.9% during the fourth quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock worth $1,641,389,000 after buying an additional 1,470,064 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in PepsiCo by 17.7% during the fourth quarter. Franklin Resources Inc. now owns 8,954,951 shares of the company’s stock worth $1,520,909,000 after acquiring an additional 1,345,065 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PEP. JPMorgan Chase & Co. boosted their price objective on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 26th. BNP Paribas initiated coverage on PepsiCo in a research report on Monday, June 24th. They set a “neutral” rating and a $174.00 price target on the stock. TD Cowen cut their price target on PepsiCo from $200.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday. Argus lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Finally, Jefferies Financial Group lifted their target price on shares of PepsiCo from $209.00 to $211.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo currently has an average rating of “Moderate Buy” and a consensus target price of $186.64.

Insider Activity

In other PepsiCo news, CEO Ramkumar Krishnan sold 5,620 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the completion of the sale, the chief executive officer now directly owns 53,953 shares in the company, valued at $9,603,634. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.14% of the company’s stock.

PepsiCo Stock Down 0.6 %

Shares of PEP opened at $162.60 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96. The stock has a market capitalization of $223.54 billion, a PE ratio of 24.45, a P/E/G ratio of 2.69 and a beta of 0.52. The firm’s 50 day moving average is $172.95 and its 200-day moving average is $170.24. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $192.38.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.09. The firm had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.50 EPS. Equities research analysts forecast that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were paid a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.33%. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date was Friday, June 7th. PepsiCo’s dividend payout ratio is presently 81.50%.

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.