WoodTrust Financial Corp Buys 4,383 Shares of PepsiCo, Inc. $PEP

WoodTrust Financial Corp raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 77,468 shares of the company’s stock after acquiring an additional 4,383 shares during the quarter. PepsiCo makes up approximately 1.3% of WoodTrust Financial Corp’s holdings, making the stock its 24th largest position. WoodTrust Financial Corp’s holdings in PepsiCo were worth $10,880,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Evolution Wealth Management Inc. bought a new stake in shares of PepsiCo during the 2nd quarter valued at $27,000. Legend Financial Advisors Inc. bought a new stake in PepsiCo during the second quarter worth about $29,000. Vermillion & White Wealth Management Group LLC grew its holdings in PepsiCo by 107.1% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock worth $31,000 after purchasing an additional 121 shares during the period. Halbert Hargrove Global Advisors LLC increased its stake in shares of PepsiCo by 667.7% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company’s stock valued at $33,000 after purchasing an additional 207 shares in the last quarter. Finally, Frazier Financial Advisors LLC lifted its holdings in shares of PepsiCo by 85.3% during the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after purchasing an additional 122 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Performance

PEP opened at $146.32 on Friday. The firm has a market cap of $200.07 billion, a P/E ratio of 27.82, a PEG ratio of 4.80 and a beta of 0.42. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $160.15. The company has a 50 day simple moving average of $145.62 and a two-hundred day simple moving average of $144.61. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Friday, December 5th were given a dividend of $1.4225 per share. The ex-dividend date was Friday, December 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.9%. PepsiCo’s dividend payout ratio (DPR) is currently 108.17%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Piper Sandler raised their price objective on PepsiCo from $161.00 to $172.00 and gave the company an “overweight” rating in a research report on Tuesday, December 9th. HSBC raised their price target on shares of PepsiCo from $145.00 to $152.00 and gave the company a “hold” rating in a research report on Friday, October 10th. Barclays set a $148.00 price objective on PepsiCo in a report on Friday. Loop Capital set a $164.00 target price on shares of PepsiCo in a research note on Thursday, October 23rd. Finally, Citigroup lifted their price target on shares of PepsiCo from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, December 17th. Ten investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $161.32.

About PepsiCo

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.