1,941 Shares in PepsiCo, Inc. (NASDAQ:PEP) Bought by Central Valley Advisors LLC

Central Valley Advisors LLC bought a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 1,941 shares of the company’s stock, valued at approximately $330,000.

Several other large investors have also recently bought and sold shares of the stock. LFA Lugano Financial Advisors SA raised its stake in shares of PepsiCo by 80.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after buying an additional 70 shares in the last quarter. Life Planning Partners Inc bought a new stake in shares of PepsiCo in the 4th quarter worth about $34,000. Naples Money Management LLC bought a new stake in shares of PepsiCo in the 4th quarter worth about $36,000. Criterion Capital Advisors LLC bought a new stake in shares of PepsiCo in the 4th quarter worth about $39,000. Finally, Avion Wealth grew its holdings in shares of PepsiCo by 61.7% in the 4th quarter. Avion Wealth now owns 241 shares of the company’s stock worth $41,000 after purchasing an additional 92 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at PepsiCo

In other news, CEO Ramkumar Krishnan sold 5,620 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $178.00, for a total value of $1,000,360.00. Following the completion of the transaction, the chief executive officer now owns 53,953 shares in the company, valued at $9,603,634. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is owned by company insiders.

PepsiCo Trading Up 0.3 %

Shares of PEP stock traded up $0.55 during trading hours on Wednesday, reaching $181.63. The company’s stock had a trading volume of 1,513,008 shares, compared to its average volume of 5,476,540. The stock has a market capitalization of $249.70 billion, a P/E ratio of 27.21, a P/E/G ratio of 2.94 and a beta of 0.52. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $192.38. The firm’s fifty day simple moving average is $173.68 and its 200 day simple moving average is $169.91. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The firm had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. During the same period last year, the company earned $1.50 EPS. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. Equities research analysts expect that PepsiCo, Inc. will post 8.17 EPS for the current year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid 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 2.98%. PepsiCo’s payout ratio is presently 76.09%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PEP. Jefferies Financial Group raised their target price on shares of PepsiCo from $209.00 to $211.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Argus downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Citigroup upgraded shares of PepsiCo from a “neutral” rating to a “buy” rating and raised their target price for the stock from $180.00 to $195.00 in a report on Monday, February 12th. Barclays boosted their target price on PepsiCo from $184.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Finally, StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $187.58.

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.