West Bancorporation Inc. Reduces Position in PepsiCo, Inc. (NASDAQ:PEP)

West Bancorporation Inc. lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 8.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,907 shares of the company’s stock after selling 470 shares during the period. West Bancorporation Inc.’s holdings in PepsiCo were worth $746,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of PEP. Cross Staff Investments Inc raised its stake in shares of PepsiCo by 0.9% in the 3rd quarter. Cross Staff Investments Inc now owns 7,080 shares of the company’s stock valued at $1,204,000 after acquiring an additional 60 shares during the period. Paulson Wealth Management Inc. raised its position in shares of PepsiCo by 2.1% during the 3rd quarter. Paulson Wealth Management Inc. now owns 2,986 shares of the company’s stock valued at $508,000 after acquiring an additional 60 shares in the last quarter. LCM Capital Management Inc lifted its holdings in PepsiCo by 0.8% in the third quarter. LCM Capital Management Inc now owns 7,573 shares of the company’s stock worth $1,288,000 after acquiring an additional 62 shares during the last quarter. Demars Financial Group LLC lifted its stake in PepsiCo by 1.1% in the third quarter. Demars Financial Group LLC now owns 5,721 shares of the company’s stock valued at $973,000 after buying an additional 62 shares during the last quarter. Finally, Sigma Investment Counselors Inc. boosted its stake in PepsiCo by 1.6% during the 3rd quarter. Sigma Investment Counselors Inc. now owns 4,310 shares of the company’s stock valued at $733,000 after purchasing an additional 66 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 0.8 %

PEP stock opened at $150.69 on Friday. The business’s 50-day simple moving average is $153.35 and its 200 day simple moving average is $164.97. 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 company has a market cap of $206.75 billion, a PE ratio of 22.23, a price-to-earnings-growth ratio of 2.91 and a beta of 0.54.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were paid a $1.355 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.60%. PepsiCo’s payout ratio is currently 79.94%.

Analyst Upgrades and Downgrades

PEP has been the topic of a number of research analyst reports. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. TD Cowen decreased their target price on 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 lowered their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Hsbc Global Res raised shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. decreased their target price on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $176.73.

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.