PepsiCo, Inc. $PEP Stock Holdings Reduced by Winnow Wealth LLC

Winnow Wealth LLC reduced its position in PepsiCo, Inc. (NASDAQ:PEP) by 36.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 quarter.

Several other institutional investors have also made changes to their positions in the company. Merit Financial Group LLC raised its holdings in shares of PepsiCo by 46.4% during the 2nd quarter. Merit Financial Group LLC now owns 114,344 shares of the company’s stock valued at $15,098,000 after purchasing an additional 36,239 shares in the last quarter. Clayton Financial Group LLC acquired a new position in PepsiCo during the third quarter worth $872,000. Avantax Advisory Services Inc. raised its holdings in PepsiCo by 2.6% during the second quarter. Avantax Advisory Services Inc. now owns 185,961 shares of the company’s stock valued at $24,554,000 after buying an additional 4,627 shares in the last quarter. Concord Asset Management LLC VA lifted its position in shares of PepsiCo by 29.4% in the second quarter. Concord Asset Management LLC VA now owns 8,880 shares of the company’s stock worth $1,172,000 after buying an additional 2,016 shares during the last quarter. Finally, Family Capital Management Inc. bought a new stake in shares of PepsiCo during the 2nd quarter worth about $401,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Loop Capital set a $164.00 price objective on PepsiCo in a research note on Thursday, October 23rd. The Goldman Sachs Group lifted their price target on shares of PepsiCo from $165.00 to $167.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Wells Fargo & Company upped their price objective on shares of PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a report on Friday, October 10th. Barclays set a $148.00 target price on shares of PepsiCo in a report on Friday, January 16th. Finally, BNP Paribas Exane raised shares of PepsiCo from a “hold” rating to an “outperform” rating and set a $179.00 target price for the company in a research report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $159.29.

PepsiCo Stock Up 3.3%

NASDAQ PEP opened at $153.63 on Friday. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $160.15. The stock has a market cap of $210.06 billion, a PE ratio of 29.21, a PEG ratio of 4.89 and a beta of 0.42. The firm has a 50-day simple moving average of $145.94 and a 200 day simple moving average of $145.45. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91.

PepsiCo Announces Dividend

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

PepsiCo 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.