Values Added Financial LLC Buys 113 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Values Added Financial LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,709 shares of the company’s stock after buying an additional 113 shares during the period. Values Added Financial LLC’s holdings in PepsiCo were worth $282,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of PEP. Hantz Financial Services Inc. acquired a new position in shares of PepsiCo during the second quarter worth approximately $7,187,000. Kings Path Partners LLC acquired a new position in shares of PepsiCo during the second quarter worth approximately $82,000. TFB Advisors LLC raised its position in shares of PepsiCo by 34.8% during the second quarter. TFB Advisors LLC now owns 3,065 shares of the company’s stock worth $506,000 after purchasing an additional 791 shares during the period. Adero Partners LLC raised its position in shares of PepsiCo by 28.7% during the second quarter. Adero Partners LLC now owns 3,538 shares of the company’s stock worth $584,000 after purchasing an additional 790 shares during the period. Finally, WMG Financial Advisors LLC raised its position in shares of PepsiCo by 28.7% during the second quarter. WMG Financial Advisors LLC now owns 1,583 shares of the company’s stock worth $261,000 after purchasing an additional 353 shares during the period. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Price Performance

Shares of NASDAQ:PEP traded up $0.79 on Friday, hitting $172.88. The company’s stock had a trading volume of 8,677,312 shares, compared to its average volume of 5,453,207. The company has a 50-day simple moving average of $169.92 and a 200 day simple moving average of $170.80. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $183.41. The company has a market capitalization of $237.67 billion, a PE ratio of 25.09, a PEG ratio of 2.98 and a beta of 0.52. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.83 and a quick ratio of 0.64.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, July 11th. The company reported $2.28 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.12. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. The firm had revenue of $22.50 billion for the quarter, compared to analysts’ expectations of $22.59 billion. During the same quarter last year, the firm posted $2.09 EPS. The company’s revenue was up .8% compared to the same quarter last year. Sell-side analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be issued a dividend of $1.355 per share. The ex-dividend date is Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.14%. PepsiCo’s dividend payout ratio is 78.66%.

Wall Street Analyst Weigh In

A number of research firms recently commented on PEP. Morgan Stanley lowered their price target on PepsiCo from $190.00 to $185.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. Wells Fargo & Company lowered their price target on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. TD Cowen lowered their price target on PepsiCo from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Wednesday, July 3rd. Bank of America reduced their price objective on PepsiCo from $210.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, July 8th. Finally, Royal Bank of Canada reduced their price objective on PepsiCo from $180.00 to $177.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. Seven investment analysts have rated the stock with a hold rating and eight have given 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 $185.53.

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.