Laraway Financial Advisors Inc Has $677,000 Stake in PepsiCo, Inc. (NASDAQ:PEP)

Laraway Financial Advisors Inc raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 11.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,455 shares of the company’s stock after acquiring an additional 470 shares during the period. Laraway Financial Advisors Inc’s holdings in PepsiCo were worth $677,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WealthTrak Capital Management LLC acquired a new position in PepsiCo during the fourth quarter valued at approximately $28,000. Collier Financial acquired a new position in PepsiCo during the fourth quarter valued at approximately $28,000. Creative Capital Management Investments LLC acquired a new position in PepsiCo during the fourth quarter valued at approximately $30,000. Prudent Man Investment Management Inc. acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $30,000. Finally, Summit Securities Group LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $33,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Performance

PepsiCo stock opened at $130.44 on Monday. 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 firm has a 50-day moving average of $143.73 and a 200-day moving average of $150.74. The firm has a market cap of $178.84 billion, a P/E ratio of 18.77, a P/E/G ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a 1-year low of $129.93 and a 1-year high of $183.41.

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

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a $1.4225 dividend. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo’s payout ratio is presently 83.68%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PEP. Deutsche Bank Aktiengesellschaft cut their price objective on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $163.00 price objective on shares of PepsiCo in a research report on Tuesday, April 22nd. Wells Fargo & Company lowered their target price on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Finally, Jefferies Financial Group lowered PepsiCo from a “buy” rating to a “hold” rating and lowered their target price for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, PepsiCo presently has an average rating of “Hold” and a consensus target price of $160.69.

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.