Woodward Diversified Capital LLC Sells 2,599 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Woodward Diversified Capital LLC reduced its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 34.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,929 shares of the company’s stock after selling 2,599 shares during the period. Woodward Diversified Capital LLC’s holdings in PepsiCo were worth $750,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Joel Isaacson & Co. LLC boosted its holdings in shares of PepsiCo by 3.0% in the 4th quarter. Joel Isaacson & Co. LLC now owns 15,231 shares of the company’s stock valued at $2,316,000 after buying an additional 445 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in PepsiCo in the fourth quarter valued at $514,000. Centerline Wealth Advisors LLC acquired a new position in shares of PepsiCo during the 4th quarter worth about $1,655,000. Global X Japan Co. Ltd. raised its holdings in shares of PepsiCo by 20.4% in the 4th quarter. Global X Japan Co. Ltd. now owns 3,022 shares of the company’s stock valued at $460,000 after purchasing an additional 513 shares during the period. Finally, Fairvoy Private Wealth LLC bought a new position in PepsiCo during the fourth quarter worth about $670,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Down 0.5 %

Shares of PepsiCo stock opened at $144.58 on Friday. The firm’s 50-day moving average price is $151.80 and its two-hundred day moving average price is $164.26. The company has a market capitalization of $198.29 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 2.89 and a beta of 0.54. The company has a quick ratio of 0.70, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. The business had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same period last year, the firm posted $1.78 earnings per share. On average, analysts forecast that PepsiCo, Inc. will post 8.34 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.75%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PEP shares. TD Cowen cut their price objective on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Wells Fargo & Company reduced their price objective on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday. UBS Group cut their target price on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Royal Bank of Canada began coverage on shares of PepsiCo in a research note on Tuesday. They issued a $172.00 price target on the stock. Finally, Barclays reduced their price objective on PepsiCo from $158.00 to $153.00 and set an “overweight” rating for the company in a report on Thursday. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $171.47.

About PepsiCo

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.