Winthrop Partners WNY LLC Sells 622 Shares of PepsiCo, Inc. (PEP)

Winthrop Partners WNY LLC lessened its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,241 shares of the company’s stock after selling 622 shares during the period. PepsiCo makes up about 2.3% of Winthrop Partners WNY LLC’s holdings, making the stock its 8th biggest position. Winthrop Partners WNY LLC’s holdings in PepsiCo were worth $2,457,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Highwater Wealth Management LLC purchased a new position in PepsiCo in the 4th quarter worth approximately $28,000. Sound Income Strategies LLC grew its stake in PepsiCo by 50.8% in the 4th quarter. Sound Income Strategies LLC now owns 597 shares of the company’s stock worth $66,000 after buying an additional 201 shares in the last quarter. Ayalon Holdings Ltd. purchased a new position in PepsiCo in the 4th quarter worth approximately $74,000. Mainstay Capital Management LLC ADV grew its stake in PepsiCo by 10,787.0% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 10,887 shares of the company’s stock worth $100,000 after buying an additional 10,787 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC grew its stake in PepsiCo by 351.5% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 903 shares of the company’s stock worth $101,000 after buying an additional 703 shares in the last quarter. 71.80% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have commented on PEP. BidaskClub cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. Zacks Investment Research raised shares of PepsiCo from a “sell” rating to a “hold” rating in a research note on Tuesday, February 12th. Jefferies Financial Group boosted their price target on shares of PepsiCo to $119.00 and gave the stock a “hold” rating in a research note on Tuesday, February 19th. They noted that the move was a valuation call. UBS Group began coverage on shares of PepsiCo in a research note on Thursday, December 13th. They issued a “neutral” rating and a $123.00 price objective for the company. Finally, Cowen upped their price objective on shares of PepsiCo from $124.00 to $133.00 and gave the company an “outperform” rating in a research note on Tuesday, February 19th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $118.79.

Shares of PepsiCo stock opened at $117.82 on Wednesday. PepsiCo, Inc. has a 52-week low of $95.94 and a 52-week high of $122.00. The firm has a market capitalization of $164.68 billion, a PE ratio of 20.82, a price-to-earnings-growth ratio of 2.97 and a beta of 0.64. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.99 and a quick ratio of 0.85.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Friday, February 15th. The company reported $1.49 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.49. PepsiCo had a net margin of 19.35% and a return on equity of 69.83%. The company had revenue of $19.52 billion during the quarter, compared to analysts’ expectations of $19.52 billion. During the same quarter in the prior year, the company earned $1.31 EPS. The firm’s revenue was up .0% on a year-over-year basis. As a group, equities research analysts forecast that PepsiCo, Inc. will post 5.5 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 1st will be given a dividend of $0.9275 per share. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $3.71 annualized dividend and a yield of 3.15%. PepsiCo’s payout ratio is currently 65.55%.

In other PepsiCo news, CEO Vivek Sankaran sold 13,000 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $117.28, for a total transaction of $1,524,640.00. Following the completion of the sale, the chief executive officer now owns 90,379 shares of the company’s stock, valued at approximately $10,599,649.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.27% of the company’s stock.

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About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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