Woodstock Corp Has $13.31 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Woodstock Corp decreased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 0.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 87,559 shares of the company’s stock after selling 361 shares during the period. PepsiCo makes up 1.3% of Woodstock Corp’s investment portfolio, making the stock its 20th biggest position. Woodstock Corp’s holdings in PepsiCo were worth $13,314,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PEP. Edgestream Partners L.P. boosted its position in PepsiCo by 190.5% during the second quarter. Edgestream Partners L.P. now owns 13,377 shares of the company’s stock valued at $2,206,000 after acquiring an additional 8,772 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its stake in PepsiCo by 2.2% in the second quarter. Mercer Global Advisors Inc. ADV now owns 231,170 shares of the company’s stock valued at $38,127,000 after purchasing an additional 4,912 shares in the last quarter. Paces Ferry Wealth Advisors LLC raised its holdings in shares of PepsiCo by 17.9% during the second quarter. Paces Ferry Wealth Advisors LLC now owns 1,506 shares of the company’s stock valued at $248,000 after purchasing an additional 229 shares during the period. Altrius Capital Management Inc grew its stake in shares of PepsiCo by 2.2% in the 2nd quarter. Altrius Capital Management Inc now owns 23,664 shares of the company’s stock valued at $3,903,000 after buying an additional 504 shares during the period. Finally, Miramar Capital LLC increased its position in PepsiCo by 12.6% in the 2nd quarter. Miramar Capital LLC now owns 119,089 shares of the company’s stock valued at $19,641,000 after buying an additional 13,326 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PEP has been the subject of a number of research reports. Royal Bank of Canada reduced their price objective on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research note on Friday, October 4th. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Barclays dropped their price objective on PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a research note on Thursday, October 10th. Finally, JPMorgan Chase & Co. reduced their target price on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and an average price target of $180.27.

PepsiCo Stock Performance

NASDAQ:PEP opened at $146.58 on Friday. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The business has a fifty day simple moving average of $156.06 and a two-hundred day simple moving average of $166.05. The company has a market capitalization of $201.11 billion, a P/E ratio of 21.62, a P/E/G ratio of 2.57 and a beta of 0.54.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.70%. The ex-dividend date was Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is presently 79.94%.

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.