Winebrenner Capital Management LLC Acquires New Stake in PepsiCo, Inc. (NASDAQ:PEP)

Winebrenner Capital Management LLC bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,763 shares of the company’s stock, valued at approximately $1,180,000.

Other large investors have also recently made changes to their positions in the company. Highline Wealth Partners LLC bought a new position in PepsiCo in the third quarter worth approximately $28,000. Collier Financial bought a new position in shares of PepsiCo during the 4th quarter worth $28,000. Legacy Investment Solutions LLC purchased a new position in shares of PepsiCo during the third quarter valued at $31,000. Rakuten Securities Inc. raised its holdings in shares of PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after acquiring an additional 96 shares in the last quarter. Finally, Creative Capital Management Investments LLC purchased a new stake in PepsiCo in the fourth quarter worth about $30,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Trading Up 3.0 %

Shares of PepsiCo stock opened at $153.50 on Friday. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The firm’s 50 day simple moving average is $148.75 and its two-hundred day simple moving average is $162.39. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The firm has a market capitalization of $210.53 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 3.09 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. The company had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the business posted $1.78 EPS. Analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.53%. PepsiCo’s dividend payout ratio is currently 77.99%.

Wall Street Analyst Weigh In

Several research firms have recently commented on PEP. Wells Fargo & Company reduced their price target on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Morgan Stanley dropped their target price on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Barclays reduced their price target on PepsiCo from $158.00 to $153.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Finally, Citigroup dropped their price objective on PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $171.47.

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.