PepsiCo, Inc. (NASDAQ:PEP) Holdings Decreased by Windward Capital Management Co. CA

Windward Capital Management Co. CA reduced its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,353 shares of the company’s stock after selling 1,173 shares during the period. PepsiCo comprises about 1.6% of Windward Capital Management Co. CA’s holdings, making the stock its 21st largest holding. Windward Capital Management Co. CA’s holdings in PepsiCo were worth $19,190,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of PEP. Strategic Financial Concepts LLC increased its holdings in shares of PepsiCo by 8,835.5% in the 2nd quarter. Strategic Financial Concepts LLC now owns 116,608 shares of the company’s stock valued at $192,000 after purchasing an additional 115,303 shares during the period. Umpqua Bank increased its stake in PepsiCo by 4.2% in the 2nd quarter. Umpqua Bank now owns 12,337 shares of the company’s stock valued at $2,035,000 after buying an additional 499 shares during the period. Norden Group LLC lifted its position in PepsiCo by 2.3% in the 2nd quarter. Norden Group LLC now owns 7,920 shares of the company’s stock worth $1,306,000 after buying an additional 180 shares in the last quarter. Cobblestone Capital Advisors LLC NY boosted its stake in shares of PepsiCo by 0.6% during the 2nd quarter. Cobblestone Capital Advisors LLC NY now owns 111,190 shares of the company’s stock valued at $18,339,000 after buying an additional 672 shares during the period. Finally, Stonebrook Private Inc. grew its holdings in shares of PepsiCo by 4.6% during the 2nd quarter. Stonebrook Private Inc. now owns 2,161 shares of the company’s stock valued at $356,000 after acquiring an additional 95 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on PEP. TD Cowen reduced their price objective on PepsiCo from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Wednesday, July 3rd. Jefferies Financial Group reduced their price target on PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Wells Fargo & Company dropped their price objective on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Wednesday, August 28th. Finally, BNP Paribas assumed coverage on shares of PepsiCo in a research report on Monday, June 24th. They issued a “neutral” rating and a $174.00 target price for the company. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, PepsiCo currently has a consensus rating of “Moderate Buy” and an average price target of $185.53.

PepsiCo Trading Down 0.3 %

Shares of NASDAQ:PEP opened at $177.34 on Friday. The firm has a market cap of $243.59 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 2.98 and a beta of 0.53. The company has a quick ratio of 0.64, a current ratio of 0.83 and a debt-to-equity ratio of 1.87. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $183.41. The company’s fifty day simple moving average is $170.96 and its 200 day simple moving average is $171.15.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, July 11th. The company reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.12. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. The business had revenue of $22.50 billion during the quarter, compared to the consensus estimate of $22.59 billion. During the same period last year, the company earned $2.09 earnings per share. PepsiCo’s quarterly revenue was up .8% on a year-over-year basis. As a group, research analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Friday, September 6th. PepsiCo’s dividend payout ratio (DPR) is presently 78.66%.

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.