Valley Wealth Managers Inc. Has $2.92 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Valley Wealth Managers Inc. decreased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 9.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,178 shares of the company's stock after selling 2,116 shares during the period. Valley Wealth Managers Inc.'s holdings in PepsiCo were worth $2,916,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PEP. International Assets Investment Management LLC increased its stake in PepsiCo by 17,113.0% during the 3rd quarter. International Assets Investment Management LLC now owns 3,220,385 shares of the company's stock valued at $547,626,000 after buying an additional 3,201,676 shares during the period. State Street Corp increased its stake in PepsiCo by 5.1% during the 3rd quarter. State Street Corp now owns 57,268,030 shares of the company's stock valued at $9,738,429,000 after buying an additional 2,775,679 shares during the period. Franklin Resources Inc. increased its stake in PepsiCo by 21.1% during the 3rd quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company's stock valued at $2,293,049,000 after buying an additional 2,264,445 shares during the period. Swedbank AB increased its stake in PepsiCo by 211.4% during the 3rd quarter. Swedbank AB now owns 2,345,467 shares of the company's stock valued at $398,847,000 after buying an additional 1,592,343 shares during the period. Finally, Van ECK Associates Corp increased its stake in PepsiCo by 360.0% during the 4th quarter. Van ECK Associates Corp now owns 1,697,742 shares of the company's stock valued at $258,158,000 after buying an additional 1,328,672 shares during the period. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Up 3.0 %

Shares of PEP stock traded up $4.40 during trading on Friday, hitting $153.50. 10,586,982 shares of the company were exchanged, compared to its average volume of 6,999,466. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The firm has a market capitalization of $210.53 billion, a price-to-earnings ratio of 22.09, a P/E/G ratio of 3.02 and a beta of 0.54. The business's 50-day simple moving average is $148.75 and its 200 day simple moving average is $162.39. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.94 by $0.02. The business had revenue of $27.78 billion during the quarter, compared to analysts' expectations of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm's quarterly revenue was down .2% compared to the same quarter last year. During the same period last year, the company posted $1.78 earnings per share. As a group, analysts forecast that PepsiCo, Inc. will post 8.31 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date is Friday, March 7th. PepsiCo's dividend payout ratio (DPR) is presently 77.99%.

Analyst Ratings Changes

PEP has been the topic of several recent research reports. StockNews.com cut shares of PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. HSBC lowered their price objective on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research note on Tuesday, February 4th. JPMorgan Chase & Co. lowered their price objective on shares of PepsiCo from $183.00 to $165.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. TD Cowen lowered their price objective on shares of PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada initiated coverage on shares of PepsiCo in a research note on Tuesday, February 4th. They issued a $172.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of "Hold" and an average 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.