Windward Capital Management Co. CA Has $20.17 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

Windward Capital Management Co. CA decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEPFree Report) by 0.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,734 shares of the company’s stock after selling 132 shares during the quarter. PepsiCo comprises approximately 1.7% of Windward Capital Management Co. CA’s investment portfolio, making the stock its 20th biggest holding. Windward Capital Management Co. CA’s holdings in PepsiCo were worth $20,166,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Harbour Capital Advisors LLC grew its holdings in PepsiCo by 0.4% during the fourth quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock valued at $4,747,000 after purchasing an additional 102 shares during the period. Manchester Capital Management LLC boosted its holdings in shares of PepsiCo by 1.4% in the third quarter. Manchester Capital Management LLC now owns 13,240 shares of the company’s stock valued at $2,243,000 after buying an additional 185 shares during the period. Marion Wealth Management boosted its holdings in shares of PepsiCo by 31.7% in the fourth quarter. Marion Wealth Management now owns 7,888 shares of the company’s stock valued at $1,340,000 after buying an additional 1,900 shares during the period. Metis Global Partners LLC boosted its holdings in shares of PepsiCo by 20.1% in the third quarter. Metis Global Partners LLC now owns 59,879 shares of the company’s stock valued at $10,146,000 after buying an additional 10,005 shares during the period. Finally, Widmann Financial Services Inc. boosted its holdings in shares of PepsiCo by 7.1% in the third quarter. Widmann Financial Services Inc. now owns 8,001 shares of the company’s stock valued at $1,356,000 after buying an additional 530 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

PEP has been the subject of several research analyst reports. JPMorgan Chase & Co. cut shares of PepsiCo from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $185.00 to $176.00 in a report on Tuesday, December 19th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $180.00 price target on shares of PepsiCo in a report on Monday, February 12th. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $180.00 to $195.00 in a research report on Monday, February 12th. Finally, Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a research report on Monday, March 18th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $187.77.

Check Out Our Latest Report on PEP

PepsiCo Trading Down 0.2 %

PEP stock opened at $172.02 on Monday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.68 and a current ratio of 0.85. The company’s 50-day simple moving average is $167.72 and its 200 day simple moving average is $168.01. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $196.88. The company has a market capitalization of $236.43 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 2.69 and a beta of 0.53.

PepsiCo (NASDAQ:PEPGet Free Report) last announced its quarterly earnings data on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.06. The firm had revenue of $27.84 billion for the quarter, compared to the consensus estimate of $28.40 billion. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the company posted $1.67 earnings per share. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 1st will be issued a $1.265 dividend. The ex-dividend date of this dividend is Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.94%. PepsiCo’s dividend payout ratio (DPR) is currently 77.02%.

PepsiCo Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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