PVG Asset Management Corp Takes $317,000 Position in PepsiCo, Inc. (NASDAQ:PEP)

PVG Asset Management Corp bought a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 2,082 shares of the company's stock, valued at approximately $317,000. PepsiCo accounts for approximately 1.5% of PVG Asset Management Corp's portfolio, making the stock its 29th largest holding.

A number of other institutional investors also recently modified their holdings of PEP. Vermillion Wealth Management Inc. acquired a new position in PepsiCo during the fourth quarter worth $78,000. Mackenzie Financial Corp increased its holdings in PepsiCo by 2.4% during the 4th quarter. Mackenzie Financial Corp now owns 1,355,869 shares of the company's stock worth $206,173,000 after purchasing an additional 31,875 shares in the last quarter. Griffith & Werner Inc. purchased a new stake in shares of PepsiCo in the fourth quarter valued at about $725,000. Sunbeam Capital Management LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at about $47,000. Finally, Amiral Gestion purchased a new stake in shares of PepsiCo in the fourth quarter valued at about $11,073,000. Institutional investors and hedge funds own 73.07% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on PEP. Wells Fargo & Company reduced their price objective on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. Jefferies Financial Group cut PepsiCo from a "buy" rating to a "hold" rating and reduced their price target for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. CICC Research restated a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. Bank of America cut their price objective on PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Finally, UBS Group cut their price objective on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $160.69.

PepsiCo Stock Up 1.6%

PEP traded up $2.03 during trading on Tuesday, reaching $131.37. The stock had a trading volume of 13,960,301 shares, compared to its average volume of 6,503,657. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $180.12 billion, a price-to-earnings ratio of 18.90, a P/E/G ratio of 3.09 and a beta of 0.47. The stock's 50 day moving average is $139.16 and its two-hundred day moving average is $147.95. PepsiCo, Inc. has a one year low of $127.75 and a one year high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.01). The company had revenue of $17.92 billion during the quarter, compared to analysts' expectations of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business's quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.61 EPS. As a group, analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 4.33%. This is an increase from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo's dividend payout ratio (DPR) is currently 83.68%.

PepsiCo 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.