Woodstock Corp Increases Position in PepsiCo, Inc. (NASDAQ:PEP)

Woodstock Corp lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP – Get Rating) by 0.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,160 shares of the company’s stock after purchasing an additional 189 shares during the quarter. PepsiCo accounts for 2.3% of Woodstock Corp’s portfolio, making the stock its 6th largest position. Woodstock Corp’s holdings in PepsiCo were worth $17,192,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. City State Bank lifted its position in PepsiCo by 6.5% in the 3rd quarter. City State Bank now owns 1,986 shares of the company’s stock valued at $324,000 after acquiring an additional 122 shares in the last quarter. Hixon Zuercher LLC lifted its position in PepsiCo by 4.6% in the 3rd quarter. Hixon Zuercher LLC now owns 26,730 shares of the company’s stock valued at $4,364,000 after acquiring an additional 1,168 shares in the last quarter. Hendershot Investments Inc. lifted its position in PepsiCo by 1.2% in the 3rd quarter. Hendershot Investments Inc. now owns 95,130 shares of the company’s stock valued at $15,531,000 after acquiring an additional 1,118 shares in the last quarter. IAG Wealth Partners LLC lifted its position in PepsiCo by 7.4% in the 3rd quarter. IAG Wealth Partners LLC now owns 1,504 shares of the company’s stock valued at $246,000 after acquiring an additional 104 shares in the last quarter. Finally, Global Trust Asset Management LLC lifted its position in PepsiCo by 4.0% in the 3rd quarter. Global Trust Asset Management LLC now owns 7,182 shares of the company’s stock valued at $1,173,000 after acquiring an additional 275 shares in the last quarter. 70.76% of the stock is owned by institutional investors.

Insider Buying and Selling at PepsiCo

In other PepsiCo news, Director Robert C. Pohlad sold 75,000 shares of the business’s stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $172.47, for a total value of $12,935,250.00. Following the completion of the sale, the director now owns 183,929 shares of the company’s stock, valued at approximately $31,722,234.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Ramkumar Krishnan sold 16,827 shares of the company’s stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $172.70, for a total transaction of $2,906,022.90. Following the completion of the sale, the chief executive officer now owns 49,000 shares of the company’s stock, valued at approximately $8,462,300. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert C. Pohlad sold 75,000 shares of the company’s stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $172.47, for a total transaction of $12,935,250.00. Following the sale, the director now directly owns 183,929 shares of the company’s stock, valued at approximately $31,722,234.63. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

PepsiCo Stock Down 0.8 %

Shares of PEP opened at $175.13 on Friday. PepsiCo, Inc. has a 52 week low of $154.86 and a 52 week high of $186.84. The firm has a market cap of $241.20 billion, a P/E ratio of 27.32, a price-to-earnings-growth ratio of 3.15 and a beta of 0.53. The firm’s 50-day simple moving average is $173.66 and its 200 day simple moving average is $175.78. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.61 and a current ratio of 0.80.

PepsiCo (NASDAQ:PEP – Get Rating) last announced its quarterly earnings results on Thursday, February 9th. The company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.03. PepsiCo had a net margin of 10.31% and a return on equity of 51.34%. The business had revenue of $28 billion for the quarter, compared to analyst estimates of $26.82 billion. During the same quarter in the prior year, the business earned $1.53 EPS. PepsiCo’s quarterly revenue was up 10.9% on a year-over-year basis. On average, analysts forecast that PepsiCo, Inc. will post 7.23 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 3rd will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend is Thursday, March 2nd. PepsiCo’s dividend payout ratio is currently 71.76%.

Wall Street Analysts Forecast Growth

PEP has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of PepsiCo from $181.00 to $186.00 and gave the stock a “hold” rating in a research report on Tuesday, December 6th. Wells Fargo & Company boosted their price target on shares of PepsiCo from $187.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 8th. Argus boosted their price target on shares of PepsiCo from $195.00 to $206.00 in a research report on Wednesday, December 7th. Barclays lowered their price objective on shares of PepsiCo from $197.00 to $187.00 and set an “overweight” rating on the stock in a research note on Monday, February 13th. Finally, Credit Suisse Group boosted their price objective on shares of PepsiCo from $175.00 to $182.00 and gave the stock a “neutral” rating in a research note on Friday, February 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $184.08.

PepsiCo Company Profile

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PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of beverages, food, and snacks. It operates through the following business segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), PepsiCo Beverages North America (PBNA), Latin America (LatAm), Europe, Africa, Middle East, and South Asia (AMESA), and Asia Pacific, Australia and New Zealand, and China Region (APAC).