PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Woodstock Corp

Woodstock Corp decreased its position in PepsiCo, Inc. (NASDAQ:PEPFree Report) by 3.1% in the first quarter, Holdings Channel reports. The institutional investor owned 89,023 shares of the company’s stock after selling 2,866 shares during the period. PepsiCo accounts for about 1.6% of Woodstock Corp’s portfolio, making the stock its 13th largest position. Woodstock Corp’s holdings in PepsiCo were worth $15,580,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of PEP. LFA Lugano Financial Advisors SA lifted its holdings in PepsiCo by 80.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after purchasing an additional 70 shares in the last quarter. Fortis Group Advisors LLC boosted its holdings in PepsiCo by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after buying an additional 97 shares during the last quarter. Life Planning Partners Inc purchased a new stake in PepsiCo during the 4th quarter worth approximately $34,000. Naples Money Management LLC purchased a new position in shares of PepsiCo in the fourth quarter valued at approximately $36,000. Finally, Criterion Capital Advisors LLC acquired a new stake in shares of PepsiCo in the fourth quarter worth approximately $39,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on PEP. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a report on Monday, March 18th. Wedbush reissued an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a research note on Tuesday, April 23rd. Argus downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. JPMorgan Chase & Co. boosted their target price on PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Finally, Jefferies Financial Group increased their price target on PepsiCo from $209.00 to $211.00 and gave the company a “buy” rating in a report on Thursday, May 16th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $187.17.

Get Our Latest Stock Analysis on PepsiCo

Insider Activity

In related news, CEO Ramkumar Krishnan sold 5,620 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.15% of the company’s stock.

PepsiCo Trading Up 0.3 %

PEP stock traded up $0.52 during mid-day trading on Thursday, hitting $167.00. 922,809 shares of the company were exchanged, compared to its average volume of 5,447,293. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $229.59 billion, a P/E ratio of 25.03, a PEG ratio of 2.72 and a beta of 0.52. The business has a fifty day simple moving average of $173.76 and a 200-day simple moving average of $170.36. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $192.38.

PepsiCo (NASDAQ:PEPGet Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.09. The firm had revenue of $18.25 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the business earned $1.50 EPS. On average, equities research analysts predict that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be given a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.25%. The ex-dividend date is Friday, June 7th. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio (DPR) is currently 81.50%.

About PepsiCo

(Free Report)

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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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