Oliver Lagore Vanvalin Investment Group Buys 957 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Posted by on Apr 18th, 2024

Oliver Lagore Vanvalin Investment Group grew its stake in PepsiCo, Inc. (NASDAQ:PEP – ???? ????? ?????? ????? ??????
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RegistrationCode=TickerHyperlink&Prefix=NASDAQ&Symbol=PEP”>Free Report) by 28.5% during the 4th quarter, HoldingsChannel reports. The fund owned 4,318 shares of the company’s stock after purchasing an additional 957 shares during the quarter. Oliver Lagore Vanvalin Investment Group’s holdings in PepsiCo were worth $733,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC lifted its holdings in shares of PepsiCo by 95,514.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 42,876,248 shares of the company’s stock valued at $7,746,023,000 after purchasing an additional 42,831,405 shares in the last quarter. Norges Bank bought a new position in shares of PepsiCo during the fourth quarter valued at $2,519,707,000. Morgan Stanley lifted its holdings in shares of PepsiCo by 21.0% during the fourth quarter. Morgan Stanley now owns 26,720,027 shares of the company’s stock valued at $4,827,240,000 after purchasing an additional 4,629,947 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of PepsiCo by 9,623.6% during the fourth quarter. International Assets Investment Management LLC now owns 3,058,061 shares of the company’s stock valued at $519,381,000 after purchasing an additional 3,026,611 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of PepsiCo during the third quarter valued at $329,179,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Performance

PEP traded up $1.78 during midday trading on Thursday, reaching $171.26. The company had a trading volume of 2,237,980 shares, compared to its average volume of 5,678,714. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 2.02. The business has a 50-day moving average of $168.58 and a two-hundred day moving average of $167.38. The company has a market cap of $235.40 billion, a P/E ratio of 25.80, a P/E/G ratio of 2.63 and a beta of 0.53. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $196.88.

PepsiCo (NASDAQ:PEP – Get Free Report) last announced its quarterly earnings results on Friday, February 9th. The company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The company had revenue of $27.84 billion during the quarter, compared to analyst estimates of $28.40 billion. During the same period in the prior year, the company earned $1.67 earnings per share. The firm’s revenue was down .6% on a year-over-year basis. As a group, equities research analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were paid a $1.265 dividend. This represents a $5.06 annualized dividend and a dividend yield of 2.95%. The ex-dividend date was Thursday, February 29th. PepsiCo’s payout ratio is 77.02%.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of research analyst reports. Barclays upped their price target on PepsiCo from $183.00 to $184.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Deutsche Bank Aktiengesellschaft upped their price objective on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research report on Friday, February 9th. Argus cut PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and upped their price objective for the company from $180.00 to $195.00 in a research report on Monday, February 12th. Finally, Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a research report on Monday, March 18th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $186.92.

Read Our Latest Research Report on PepsiCo

About PepsiCo

(Free Report)

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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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