Douglass Winthrop Advisors LLC Has $8.47 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Douglass Winthrop Advisors LLC trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEPFree Report) by 1.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 49,855 shares of the company’s stock after selling 748 shares during the period. Douglass Winthrop Advisors LLC’s holdings in PepsiCo were worth $8,467,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA increased its holdings in shares of PepsiCo by 80.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after acquiring an additional 70 shares during the last quarter. Life Planning Partners Inc bought a new position in shares of PepsiCo in the fourth quarter valued at about $34,000. Naples Money Management LLC acquired a new stake in shares of PepsiCo during the 4th quarter worth about $36,000. Criterion Capital Advisors LLC bought a new position in PepsiCo in the 4th quarter valued at about $39,000. Finally, Avion Wealth boosted its holdings in shares of PepsiCo by 61.7% during the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock worth $41,000 after acquiring an additional 92 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Down 0.7 %

NASDAQ PEP traded down $1.28 on Monday, hitting $177.99. 3,447,300 shares of the company were exchanged, compared to its average volume of 5,467,553. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $192.38. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96. The company has a market cap of $244.70 billion, a PE ratio of 26.77, a PEG ratio of 2.90 and a beta of 0.52. The stock has a fifty day moving average of $174.71 and a 200-day moving average of $170.27.

PepsiCo (NASDAQ:PEPGet Free Report) last issued its earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The company had revenue of $18.25 billion during the quarter, compared to the consensus estimate of $18.08 billion. During the same period last year, the business posted $1.50 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, analysts forecast that PepsiCo, Inc. will post 8.17 earnings per share for the current year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be issued a dividend of $1.355 per share. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend is Friday, June 7th. This represents a $5.42 annualized dividend and a yield of 3.05%. PepsiCo’s dividend payout ratio is presently 76.09%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Argus lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Royal Bank of Canada restated a “sector perform” rating and set a $180.00 price target on shares of PepsiCo in a report on Monday, February 12th. Jefferies Financial Group upped their price target on shares of PepsiCo from $209.00 to $211.00 and gave the company a “buy” rating in a research report on Thursday, May 16th. JPMorgan Chase & Co. raised their price objective on PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Finally, Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and increased their target price for the company from $180.00 to $195.00 in a research report on Monday, February 12th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $187.58.

Get Our Latest Report on PepsiCo

Insider Buying and Selling at PepsiCo

In related news, CEO Ramkumar Krishnan sold 5,620 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the completion of the sale, the chief executive officer now owns 53,953 shares in the company, valued at $9,603,634. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.14% of the company’s stock.

PepsiCo 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.

See Also

Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEPFree Report).

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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