PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by WoodTrust Financial Corp

WoodTrust Financial Corp increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEPFree Report) by 1.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,253 shares of the company’s stock after purchasing an additional 1,081 shares during the quarter. PepsiCo accounts for approximately 1.1% of WoodTrust Financial Corp’s portfolio, making the stock its 13th biggest position. WoodTrust Financial Corp’s holdings in PepsiCo were worth $10,370,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. LFA Lugano Financial Advisors SA boosted its holdings in PepsiCo by 80.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after acquiring an additional 70 shares during the period. Fortis Group Advisors LLC boosted its holdings in PepsiCo by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock valued at $33,000 after acquiring an additional 97 shares during the period. Life Planning Partners Inc purchased a new position in PepsiCo during the 4th quarter valued at about $34,000. Naples Money Management LLC purchased a new position in PepsiCo during the 4th quarter valued at about $36,000. Finally, Criterion Capital Advisors LLC purchased a new position in shares of PepsiCo in the 4th quarter valued at about $39,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PEP has been the subject of several recent research reports. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a research note on Monday, March 18th. Jefferies Financial Group lifted their price objective on PepsiCo from $209.00 to $211.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Wedbush reiterated an “outperform” rating and issued a $195.00 price objective on shares of PepsiCo in a research note on Tuesday, April 23rd. JPMorgan Chase & Co. lifted their price objective on PepsiCo from $181.00 to $184.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Barclays decreased their target price on PepsiCo from $185.00 to $180.00 and set an “overweight” rating for the company in a research note on Wednesday, June 12th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $186.38.

Get Our Latest Stock Report on PepsiCo

PepsiCo Trading Down 0.8 %

PEP opened at $164.93 on Friday. The firm has a market cap of $226.74 billion, a price-to-earnings ratio of 24.80, a price-to-earnings-growth ratio of 2.71 and a beta of 0.52. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $192.38. The business’s 50 day moving average is $173.37 and its two-hundred day moving average is $170.31. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEPGet Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.52 by $0.09. The company had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.50 earnings per share. On average, research analysts predict that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were issued a $1.355 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.29%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s payout ratio is presently 81.50%.

Insider Activity

In other news, CEO Ramkumar Krishnan sold 5,620 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $178.00, for a total value of $1,000,360.00. Following the transaction, the chief executive officer now owns 53,953 shares of the company’s stock, valued at $9,603,634. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.15% of the company’s stock.

PepsiCo Company Profile

(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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