PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Windward Capital Management Co. CA

Windward Capital Management Co. CA lessened its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 116,636 shares of the company’s stock after selling 1,385 shares during the period. PepsiCo makes up 1.4% of Windward Capital Management Co. CA’s portfolio, making the stock its 24th biggest position. Windward Capital Management Co. CA’s holdings in PepsiCo were worth $17,736,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PEP. Highline Wealth Partners LLC acquired a new position in shares of PepsiCo during the third quarter worth approximately $28,000. Legacy Investment Solutions LLC bought a new stake in PepsiCo during the 3rd quarter valued at $31,000. Rakuten Securities Inc. boosted its position in PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after acquiring an additional 96 shares during the period. Bay Harbor Wealth Management LLC bought a new position in shares of PepsiCo in the fourth quarter worth $34,000. Finally, ORG Wealth Partners LLC bought a new stake in shares of PepsiCo during the third quarter valued at about $44,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company decreased their target price on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Royal Bank of Canada started coverage on shares of PepsiCo in a report on Tuesday. They issued a $172.00 price objective for the company. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Finally, Piper Sandler initiated coverage on PepsiCo in a report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price objective for the company. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo has a consensus rating of “Hold” and an average target price of $174.53.

PepsiCo Trading Down 4.5 %

NASDAQ PEP opened at $143.49 on Wednesday. The stock has a market cap of $196.87 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 2.92 and a beta of 0.54. The firm’s 50 day moving average price is $152.86 and its two-hundred day moving average price is $164.71. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.02. The firm had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. PepsiCo’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.78 earnings per share. Equities analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were paid a $1.355 dividend. The ex-dividend date was Friday, December 6th. This represents a $5.42 annualized dividend and a yield of 3.78%. PepsiCo’s dividend payout ratio is presently 79.94%.

PepsiCo Profile

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.