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

Woodstock Corp grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP – Get Rating) by 0.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 95,160 shares of the company’s stock after acquiring an additional 189 shares during the period. PepsiCo comprises about 2.3% of Woodstock Corp’s portfolio, making the stock its 6th largest holding. Woodstock Corp’s holdings in PepsiCo were worth $17,192,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of PepsiCo by 1.3% in the third quarter. Vanguard Group Inc. now owns 128,842,451 shares of the company’s stock valued at $21,034,819,000 after purchasing an additional 1,611,639 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of PepsiCo by 423.2% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,791,643 shares of the company’s stock valued at $292,504,000 after purchasing an additional 1,449,232 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of PepsiCo by 10.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 15,264,902 shares of the company’s stock valued at $2,555,040,000 after purchasing an additional 1,427,405 shares in the last quarter. Cowa LLC lifted its holdings in shares of PepsiCo by 9,434.6% in the first quarter. Cowa LLC now owns 925,141 shares of the company’s stock valued at $1,061,000 after purchasing an additional 915,438 shares in the last quarter. Finally, FMR LLC increased its stake in shares of PepsiCo by 10.0% in the second quarter. FMR LLC now owns 9,947,607 shares of the company’s stock worth $1,657,869,000 after acquiring an additional 902,261 shares during the last quarter. Institutional investors and hedge funds own 70.76% of the company’s stock.

PepsiCo Stock Down 0.8 %

NASDAQ PEP opened at $175.13 on Friday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.61 and a current ratio of 0.80. The firm has a 50-day simple moving average of $173.66 and a 200 day simple moving average of $175.78. PepsiCo, Inc. has a twelve month low of $154.86 and a twelve month high of $186.84. The stock has a market cap of $241.20 billion, a PE ratio of 27.32, a PEG ratio of 3.15 and a beta of 0.53.

PepsiCo (NASDAQ:PEP – Get Rating) last released its earnings results on Thursday, February 9th. The company reported $1.67 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $26.82 billion. During the same quarter last year, the company earned $1.53 earnings per share. The firm’s revenue was up 10.9% on a year-over-year basis. On average, research analysts forecast that PepsiCo, Inc. will post 7.23 EPS for the current year.

PepsiCo Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PEP. Morgan Stanley upped their price target on shares of PepsiCo from $198.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, February 10th. Barclays dropped their price target 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. Credit Suisse Group upped their price target 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. Wells Fargo & Company upped their price target on shares of PepsiCo from $187.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 8th. Finally, Citigroup started coverage on shares of PepsiCo in a research report on Thursday, February 16th. They set a “neutral” rating and a $180.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, PepsiCo currently has an average rating of “Moderate Buy” and an average target price of $184.08.

Insiders Place Their Bets

In other PepsiCo news, CEO Ramkumar Krishnan sold 16,827 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 49,000 shares in the company, valued at $8,462,300. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Robert C. Pohlad sold 75,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $172.47, for a total transaction 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 $31,722,234.63. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Ramkumar Krishnan sold 16,827 shares of the firm’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 directly owns 49,000 shares of the company’s stock, valued at approximately $8,462,300. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.

PepsiCo 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).