Virginia Wealth Management Group Inc. Boosts Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Virginia Wealth Management Group Inc. increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,936 shares of the company’s stock after purchasing an additional 290 shares during the period. PepsiCo accounts for approximately 2.2% of Virginia Wealth Management Group Inc.’s investment portfolio, making the stock its 25th biggest position. Virginia Wealth Management Group Inc.’s holdings in PepsiCo were worth $3,488,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PEP. Highline Wealth Partners LLC acquired a new stake in PepsiCo in the 3rd quarter valued at about $28,000. Legacy Investment Solutions LLC purchased a new stake in shares of PepsiCo in the third quarter valued at approximately $31,000. Rakuten Securities Inc. lifted its position in PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after buying an additional 96 shares in the last quarter. Bay Harbor Wealth Management LLC acquired a new position in PepsiCo during the fourth quarter worth $34,000. Finally, ORG Wealth Partners LLC acquired a new stake in shares of PepsiCo in the 3rd quarter worth $44,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PEP has been the topic of several recent research reports. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. TD Cowen dropped their price target on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. HSBC reduced their price target on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research report on Tuesday. Hsbc Global Res raised PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, PepsiCo has a consensus rating of “Hold” and a consensus price target of $174.53.

PepsiCo Stock Down 4.5 %

PepsiCo stock opened at $143.49 on Wednesday. The firm has a market capitalization of $196.87 billion, a P/E ratio of 21.16, a P/E/G ratio of 2.92 and a beta of 0.54. The stock’s fifty day simple moving average is $152.86 and its 200-day simple moving average is $164.71. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last announced 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. The business had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The business’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the company posted $1.78 earnings per share. As a group, equities analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 6th were given a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.78%. PepsiCo’s dividend payout ratio (DPR) is currently 79.94%.

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.