Woodstock Corp Reduces Position in PepsiCo, Inc. $PEP

Woodstock Corp lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,740 shares of the company’s stock after selling 346 shares during the period. Woodstock Corp’s holdings in PepsiCo were worth $11,189,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Nova Wealth Management Inc. purchased a new stake in shares of PepsiCo in the 1st quarter valued at approximately $25,000. Elite Financial Inc. purchased a new stake in shares of PepsiCo in the 1st quarter valued at approximately $28,000. Sunbeam Capital Management LLC purchased a new stake in shares of PepsiCo in the 4th quarter valued at approximately $47,000. MorganRosel Wealth Management LLC purchased a new stake in shares of PepsiCo in the 1st quarter valued at approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of PepsiCo in the 1st quarter valued at approximately $58,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on PEP shares. Barclays increased their price target on shares of PepsiCo from $132.00 to $144.00 and gave the company an “equal weight” rating in a research note on Monday, July 21st. Royal Bank Of Canada restated a “sector perform” rating and issued a $146.00 price objective on shares of PepsiCo in a report on Wednesday, September 3rd. Bank of America decreased their price objective on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday, July 11th. JPMorgan Chase & Co. decreased their price objective on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, July 10th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Four investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $158.67.

PepsiCo Stock Performance

Shares of PEP stock opened at $140.64 on Tuesday. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $179.43. The stock has a market capitalization of $192.55 billion, a PE ratio of 25.62, a P/E/G ratio of 3.63 and a beta of 0.46. The firm has a 50 day moving average of $143.93 and a two-hundred day moving average of $140.35.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company had revenue of $22.73 billion during the quarter, compared to analysts’ expectations of $22.28 billion. During the same quarter last year, the company posted $2.28 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo’s dividend payout ratio (DPR) is currently 103.64%.

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.