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

Valley Brook Capital Group Inc. reduced its position 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 SEC. The firm owned 9,176 shares of the company’s stock after selling 100 shares during the quarter. PepsiCo comprises about 1.3% of Valley Brook Capital Group Inc.’s portfolio, making the stock its 20th biggest position. Valley Brook Capital Group Inc.’s holdings in PepsiCo were worth $1,558,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PEP. W.H. Cornerstone Investments Inc. grew its holdings in shares of PepsiCo by 25.9% during the fourth quarter. W.H. Cornerstone Investments Inc. now owns 3,328 shares of the company’s stock valued at $565,000 after buying an additional 685 shares during the last quarter. Fi3 FINANCIAL ADVISORS LLC boosted its stake in PepsiCo by 4.4% during the 4th quarter. Fi3 FINANCIAL ADVISORS LLC now owns 2,524 shares of the company’s stock valued at $429,000 after purchasing an additional 107 shares during the last quarter. SYM FINANCIAL Corp increased its holdings in PepsiCo by 2.7% during the 4th quarter. SYM FINANCIAL Corp now owns 2,290 shares of the company’s stock worth $389,000 after purchasing an additional 61 shares in the last quarter. River Global Investors LLP bought a new position in shares of PepsiCo in the fourth quarter valued at approximately $927,000. Finally, Connecticut Wealth Management LLC boosted its position in shares of PepsiCo by 83.0% during the fourth quarter. Connecticut Wealth Management LLC now owns 19,215 shares of the company’s stock valued at $3,264,000 after buying an additional 8,717 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

NASDAQ PEP traded up $0.70 during trading on Friday, hitting $176.15. 3,492,120 shares of the company’s stock traded hands, compared to its average volume of 5,328,097. The stock has a market capitalization of $242.17 billion, a price-to-earnings ratio of 26.49, a PEG 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. The business has a 50 day moving average of $170.14 and a 200-day moving average of $168.46. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $196.88.

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

PepsiCo Increases Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 3.08%. PepsiCo’s dividend payout ratio is 76.09%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Barclays lifted their price objective on shares of PepsiCo from $184.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Jefferies Financial Group increased their price objective on shares of PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price for the company in a report on Monday, March 18th. Deutsche Bank Aktiengesellschaft lifted their price target on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Finally, Wedbush reaffirmed an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a research report on Tuesday, April 23rd. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $187.42.

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.