Winebrenner Capital Management LLC Acquires Shares of 7,763 PepsiCo, Inc. (NASDAQ:PEP)

Winebrenner Capital Management LLC bought a new position in PepsiCo, Inc. (NASDAQ:PEP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,763 shares of the company’s stock, valued at approximately $1,180,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PEP. Prentice Wealth Management LLC boosted its position in PepsiCo by 5.9% in the 4th quarter. Prentice Wealth Management LLC now owns 3,994 shares of the company’s stock worth $607,000 after purchasing an additional 224 shares in the last quarter. Deseret Mutual Benefit Administrators lifted its stake in shares of PepsiCo by 3.2% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 8,847 shares of the company’s stock valued at $1,345,000 after purchasing an additional 275 shares during the period. Matauro LLC purchased a new stake in PepsiCo during the fourth quarter worth $267,000. Kennon Green & Company LLC increased its holdings in PepsiCo by 10.5% in the fourth quarter. Kennon Green & Company LLC now owns 12,808 shares of the company’s stock valued at $1,948,000 after buying an additional 1,216 shares in the last quarter. Finally, Drum Hill Capital LLC acquired a new position in shares of PepsiCo in the fourth quarter worth about $299,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on PEP shares. UBS Group dropped their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. HSBC dropped their price objective on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. Barclays reduced their target price on PepsiCo from $158.00 to $153.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. TD Cowen cut their price target on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Finally, Citigroup decreased their price objective on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $171.47.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $153.50 on Friday. The business’s 50 day moving average price is $148.75 and its 200 day moving average price is $162.39. The company has a market cap of $210.53 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 3.09 and a beta of 0.54. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. During the same quarter in the previous year, the company posted $1.78 EPS. The company’s revenue was down .2% compared to the same quarter last year. On average, research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

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

PepsiCo Company 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.