Pine Valley Investments Ltd Liability Co Grows Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Pine Valley Investments Ltd Liability Co increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 16.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,626 shares of the company’s stock after acquiring an additional 6,252 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in PepsiCo were worth $6,808,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Highline Wealth Partners LLC purchased a new position in shares of PepsiCo in the 3rd quarter valued at about $28,000. Collier Financial acquired a new stake in PepsiCo in the fourth quarter valued at approximately $28,000. Creative Capital Management Investments LLC purchased a new position in PepsiCo in the fourth quarter worth approximately $30,000. Legacy Investment Solutions LLC acquired a new position in PepsiCo during the 3rd quarter worth approximately $31,000. Finally, Rakuten Securities Inc. increased its position in shares of PepsiCo by 93.2% in the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after purchasing an additional 96 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Price Performance

PepsiCo stock opened at $153.85 on Tuesday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The company has a market cap of $211.01 billion, a P/E ratio of 22.14, a price-to-earnings-growth ratio of 3.09 and a beta of 0.54. The business has a fifty day moving average of $148.61 and a two-hundred day moving average of $161.98.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter in the previous year, the firm earned $1.78 earnings per share. The firm’s revenue was down .2% on a year-over-year basis. As a group, analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.52%. The ex-dividend date is Friday, March 7th. PepsiCo’s payout ratio is currently 77.99%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PEP. Royal Bank of Canada assumed coverage on PepsiCo in a research note on Tuesday, February 4th. They issued a $172.00 price target on the stock. Citigroup decreased their target price on PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. BNP Paribas dropped their price target on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Barclays reduced their price objective on shares of PepsiCo from $158.00 to $153.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Finally, Evercore ISI dropped their target price on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $171.47.

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.