WoodTrust Financial Corp Raises Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

WoodTrust Financial Corp increased its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 16.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 71,000 shares of the company's stock after acquiring an additional 9,864 shares during the quarter. PepsiCo makes up about 1.5% of WoodTrust Financial Corp's portfolio, making the stock its 21st biggest holding. WoodTrust Financial Corp's holdings in PepsiCo were worth $10,646,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WealthTrak Capital Management LLC purchased a new stake in PepsiCo in the 4th quarter worth $28,000. Prudent Man Investment Management Inc. purchased a new stake in PepsiCo in the 4th quarter worth $30,000. Measured Risk Portfolios Inc. purchased a new stake in PepsiCo in the 4th quarter worth $31,000. Summit Securities Group LLC acquired a new stake in PepsiCo during the 4th quarter worth $33,000. Finally, GKV Capital Management Co. Inc. acquired a new stake in PepsiCo during the 4th quarter worth $38,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Trading Up 0.0%

Shares of PEP stock opened at $129.09 on Tuesday. The company's 50-day moving average price is $132.83 and its 200-day moving average price is $143.63. PepsiCo, Inc. has a twelve month low of $127.75 and a twelve month high of $180.91. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 2.13. The stock has a market cap of $176.99 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 3.71 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The company had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same period in the previous year, the company earned $1.61 EPS. The company's quarterly revenue was down 1.8% compared to the same quarter last year. As a group, equities analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a $1.4225 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a yield of 4.41%. This is a boost from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio is presently 83.68%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on PEP shares. Morgan Stanley lowered their target price on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Citigroup lowered their target price on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $163.00 target price on shares of PepsiCo in a research note on Tuesday, April 22nd. Evercore ISI set a $140.00 target price on shares of PepsiCo in a research note on Thursday, April 24th. Finally, Dbs Bank cut shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, PepsiCo has an average rating of "Hold" and a consensus price target of $160.69.

PepsiCo Company 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.

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