Oliver Lagore Vanvalin Investment Group Purchases 808 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Oliver Lagore Vanvalin Investment Group lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 13.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,674 shares of the company’s stock after buying an additional 808 shares during the quarter. Oliver Lagore Vanvalin Investment Group’s holdings in PepsiCo were worth $1,101,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Gilbert & Cook Inc. raised its holdings in shares of PepsiCo by 23.4% during the fourth quarter. Gilbert & Cook Inc. now owns 5,971 shares of the company’s stock valued at $1,014,000 after purchasing an additional 1,133 shares during the period. Aveo Capital Partners LLC increased its position in PepsiCo by 4.4% in the 4th quarter. Aveo Capital Partners LLC now owns 5,480 shares of the company’s stock valued at $931,000 after buying an additional 229 shares in the last quarter. 9258 Wealth Management LLC raised its stake in PepsiCo by 56.0% during the 4th quarter. 9258 Wealth Management LLC now owns 8,281 shares of the company’s stock worth $1,407,000 after buying an additional 2,974 shares during the period. Gryphon Financial Partners LLC boosted its holdings in PepsiCo by 81.3% in the fourth quarter. Gryphon Financial Partners LLC now owns 8,105 shares of the company’s stock worth $1,357,000 after acquiring an additional 3,635 shares in the last quarter. Finally, Gold Investment Management Ltd. acquired a new stake in PepsiCo in the fourth quarter valued at approximately $67,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Up 0.2 %

Shares of NASDAQ PEP opened at $170.00 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.83 and a debt-to-equity ratio of 1.87. The company has a market cap of $233.71 billion, a P/E ratio of 24.67, a P/E/G ratio of 2.97 and a beta of 0.53. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $183.41. The business has a 50-day simple moving average of $173.76 and a two-hundred day simple moving average of $171.95.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Thursday, July 11th. The company reported $2.28 EPS for the quarter, beating the consensus estimate of $2.16 by $0.12. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The company had revenue of $22.50 billion during the quarter, compared to analysts’ expectations of $22.59 billion. During the same quarter in the previous year, the company earned $2.09 earnings per share. PepsiCo’s revenue for the quarter was up .8% on a year-over-year basis. Research analysts anticipate that PepsiCo, Inc. will post 8.14 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be given 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 3.19%. PepsiCo’s dividend payout ratio (DPR) is presently 78.66%.

Wall Street Analyst Weigh In

PEP has been the subject of several research reports. Barclays lifted their price target on shares of PepsiCo from $179.00 to $187.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. JPMorgan Chase & Co. dropped their target price on shares of PepsiCo from $184.00 to $182.00 and set a “neutral” rating on the stock in a research report on Friday, July 12th. Wells Fargo & Company reduced their target price on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. DZ Bank lowered PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target on the stock. in a report on Friday, July 19th. Finally, 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. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target 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.