Woodstock Corp Has $12.76 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Woodstock Corp lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 85,086 shares of the company's stock after selling 2,473 shares during the period. PepsiCo accounts for about 1.3% of Woodstock Corp's portfolio, making the stock its 23rd largest position. Woodstock Corp's holdings in PepsiCo were worth $12,758,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of PepsiCo by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock worth $20,280,471,000 after buying an additional 1,376,133 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of PepsiCo by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 31,079,522 shares of the company's stock valued at $4,717,069,000 after acquiring an additional 582,254 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of PepsiCo by 18.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock valued at $3,834,504,000 after buying an additional 3,856,193 shares during the period. Norges Bank acquired a new position in PepsiCo in the 4th quarter valued at $2,729,565,000. Finally, Northern Trust Corp raised its holdings in PepsiCo by 8.7% in the 4th quarter. Northern Trust Corp now owns 16,403,395 shares of the company's stock valued at $2,494,300,000 after acquiring an additional 1,306,818 shares in the last quarter. Institutional investors own 73.07% of the company's stock.

PepsiCo Trading Down 0.4%

Shares of NASDAQ PEP traded down $0.54 during trading on Monday, reaching $130.91. The company had a trading volume of 6,722,029 shares, compared to its average volume of 6,552,419. The company's fifty day moving average price is $137.98 and its 200-day moving average price is $147.02. PepsiCo, Inc. has a 12 month low of $127.75 and a 12 month high of $180.91. The stock has a market cap of $179.49 billion, a P/E ratio of 18.84, a PEG ratio of 3.09 and a beta of 0.47. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the previous year, the company earned $1.61 EPS. The firm's revenue for the quarter was down 1.8% on a year-over-year basis. As a group, research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a dividend of $1.4225 per share. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. This represents a $5.69 annualized dividend and a dividend yield of 4.35%. PepsiCo's dividend payout ratio is presently 83.68%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. UBS Group reduced their price objective on PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. CICC Research reiterated a "market perform" rating on shares of PepsiCo in a report on Friday, February 7th. HSBC reduced their price objective on PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research report on Tuesday, February 4th. Royal Bank of Canada restated a "sector perform" rating and set a $163.00 price objective on shares of PepsiCo in a research report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a research report on Monday, April 21st. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $160.69.

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.