Valley Brook Capital Group Inc. Sells 100 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Valley Brook Capital Group Inc. cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,176 shares of the company’s stock after selling 100 shares during the period. PepsiCo comprises approximately 1.3% of Valley Brook Capital Group Inc.’s holdings, making the stock its 20th largest holding. Valley Brook Capital Group Inc.’s holdings in PepsiCo were worth $1,558,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. LFA Lugano Financial Advisors SA grew its holdings in 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 acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $34,000. Naples Money Management LLC acquired a new position in PepsiCo during the 4th quarter worth $36,000. Criterion Capital Advisors LLC acquired a new stake in shares of PepsiCo in the 4th quarter valued at $39,000. Finally, Avion Wealth lifted its stake in shares of PepsiCo by 61.7% during the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after acquiring an additional 92 shares during the period. Institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PEP. Argus lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $180.00 to $195.00 in a research note on Monday, February 12th. Deutsche Bank Aktiengesellschaft raised their target price on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Royal Bank of Canada reissued a “sector perform” rating and set a $180.00 price objective on shares of PepsiCo in a research note on Monday, February 12th. Finally, Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a report on Monday, March 18th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $187.42.

PepsiCo Stock Up 0.4 %

NASDAQ PEP traded up $0.70 on Friday, reaching $176.15. The company had a trading volume of 3,492,120 shares, compared to its average volume of 5,328,097. The company’s fifty day moving average is $170.14 and its 200-day moving average is $168.46. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $196.88. The firm has a market capitalization of $242.17 billion, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 2.87 and a beta of 0.52. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. The business had revenue of $18.25 billion during the quarter, compared to the consensus estimate of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. PepsiCo’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the company earned $1.50 earnings per share. On average, research analysts forecast that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be issued a dividend of $1.355 per share. This is a boost 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 3.08%. PepsiCo’s dividend payout ratio is presently 76.09%.

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.