PepsiCo, Inc. $PEP Shares Sold by Winnow Wealth LLC

Winnow Wealth LLC trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 36.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,756 shares of the company’s stock after selling 3,889 shares during the period. Winnow Wealth LLC’s holdings in PepsiCo were worth $953,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Three Bridge Wealth Advisors LLC lifted its holdings in shares of PepsiCo by 1.8% in the third quarter. Three Bridge Wealth Advisors LLC now owns 3,870 shares of the company’s stock valued at $544,000 after buying an additional 68 shares during the period. JSF Financial LLC lifted its holdings in PepsiCo by 3.8% in the 2nd quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock valued at $250,000 after acquiring an additional 69 shares during the last quarter. Facet Wealth Inc. boosted its position in shares of PepsiCo by 3.2% during the 3rd quarter. Facet Wealth Inc. now owns 2,221 shares of the company’s stock valued at $312,000 after purchasing an additional 69 shares in the last quarter. Hudock Inc. grew its stake in shares of PepsiCo by 1.0% in the 3rd quarter. Hudock Inc. now owns 7,079 shares of the company’s stock worth $994,000 after purchasing an additional 70 shares during the last quarter. Finally, Binnacle Investments Inc raised its holdings in shares of PepsiCo by 33.2% in the 2nd quarter. Binnacle Investments Inc now owns 285 shares of the company’s stock worth $38,000 after purchasing an additional 71 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Up 3.3%

NASDAQ:PEP opened at $153.63 on Friday. The stock has a market cap of $210.06 billion, a PE ratio of 29.21, a price-to-earnings-growth ratio of 4.89 and a beta of 0.42. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $160.15. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The stock’s 50-day moving average is $145.94 and its two-hundred day moving average is $145.45.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Friday, December 5th were paid a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 3.7%. The ex-dividend date was Friday, December 5th. PepsiCo’s dividend payout ratio is currently 108.17%.

Analyst Ratings Changes

PEP has been the subject of a number of research reports. BNP Paribas Exane upgraded shares of PepsiCo from a “hold” rating to an “outperform” rating and set a $179.00 target price for the company in a report on Friday, January 16th. Evercore ISI raised their price objective on PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. UBS Group decreased their target price on PepsiCo from $172.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, January 14th. Wall Street Zen downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Finally, Wells Fargo & Company lifted their price target on PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a research note on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $159.29.

PepsiCo Company Profile

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.