PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Allen Capital Group LLC

Allen Capital Group LLC increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 35.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,627 shares of the company’s stock after acquiring an additional 423 shares during the quarter. Allen Capital Group LLC’s holdings in PepsiCo were worth $276,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in PEP. Proquility Private Wealth Partners LLC lifted its position in PepsiCo by 1.1% in the fourth quarter. Proquility Private Wealth Partners LLC now owns 5,260 shares of the company’s stock valued at $950,000 after acquiring an additional 57 shares during the last quarter. Amplius Wealth Advisors LLC increased its position in shares of PepsiCo by 2.8% during the fourth quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock worth $381,000 after purchasing an additional 60 shares in the last quarter. Darwin Wealth Management LLC lifted its holdings in shares of PepsiCo by 2.7% in the 3rd quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock valued at $397,000 after purchasing an additional 61 shares during the last quarter. Sugarloaf Wealth Management LLC grew its stake in PepsiCo by 2.6% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock worth $411,000 after buying an additional 61 shares during the last quarter. Finally, Cassia Capital Partners LLC increased its position in PepsiCo by 1.5% during the third quarter. Cassia Capital Partners LLC now owns 4,143 shares of the company’s stock worth $702,000 after buying an additional 63 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Trading Up 0.8 %

Shares of PepsiCo stock opened at $168.77 on Wednesday. The company has a 50-day moving average of $168.62 and a two-hundred day moving average of $167.37. The stock has a market cap of $231.98 billion, a PE ratio of 25.49, a price-to-earnings-growth ratio of 2.62 and a beta of 0.53. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 2.02. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $196.88.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.06. The firm had revenue of $27.84 billion during the quarter, compared to analysts’ expectations of $28.40 billion. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. PepsiCo’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.67 earnings per share. On average, research analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were issued a dividend of $1.265 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 annualized dividend and a yield of 3.00%. PepsiCo’s dividend payout ratio (DPR) is currently 77.02%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Argus downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Citigroup upgraded shares of PepsiCo from a “neutral” rating to a “buy” rating and increased their price target for the stock from $180.00 to $195.00 in a research note on Monday, February 12th. Wedbush reaffirmed an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a report on Friday, February 9th. Jefferies Financial Group raised their price target on PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Finally, 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 note on Friday, February 9th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $186.92.

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.