Heartland Bank & Trust Co Sells 3,029 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Heartland Bank & Trust Co cut its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 52.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,774 shares of the company’s stock after selling 3,029 shares during the quarter. Heartland Bank & Trust Co’s holdings in PepsiCo were worth $422,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of PEP. Curran Financial Partners LLC boosted its holdings in shares of PepsiCo by 8.7% in the fourth quarter. Curran Financial Partners LLC now owns 1,582 shares of the company’s stock valued at $241,000 after buying an additional 127 shares during the period. Buttonwood Financial Advisors Inc. lifted its position in PepsiCo by 4.8% in the 4th quarter. Buttonwood Financial Advisors Inc. now owns 7,527 shares of the company’s stock valued at $1,145,000 after acquiring an additional 344 shares in the last quarter. United Asset Strategies Inc. boosted its stake in PepsiCo by 2.5% in the 4th quarter. United Asset Strategies Inc. now owns 12,395 shares of the company’s stock worth $1,885,000 after purchasing an additional 303 shares during the period. Union Bancaire Privee UBP SA bought a new position in PepsiCo during the 4th quarter worth about $9,268,000. Finally, Apexium Financial LP raised its stake in shares of PepsiCo by 152.6% in the 4th quarter. Apexium Financial LP now owns 4,473 shares of the company’s stock valued at $686,000 after purchasing an additional 2,702 shares during the period. 73.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on PEP. Royal Bank of Canada decreased their price objective on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a report on Friday, October 4th. UBS Group reduced their price target on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Piper Sandler started coverage on shares of PepsiCo in a report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective on the stock. Wells Fargo & Company reduced their target price on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Finally, Bank of America lowered their price target on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $177.00.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $149.12 on Monday. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The business’s 50 day moving average price is $153.88 and its two-hundred day moving average price is $165.35. The company has a market cap of $204.59 billion, a PE ratio of 21.99, a price-to-earnings-growth ratio of 2.86 and a beta of 0.54.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend was Friday, December 6th. PepsiCo’s dividend payout ratio is 79.94%.

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.