Ally Financial Inc. Raises Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Ally Financial Inc. increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 173.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,000 shares of the company's stock after purchasing an additional 52,000 shares during the quarter. PepsiCo makes up 1.5% of Ally Financial Inc.'s holdings, making the stock its 11th largest position. Ally Financial Inc.'s holdings in PepsiCo were worth $12,469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the company. Tcfg Wealth Management LLC boosted its stake in shares of PepsiCo by 3.5% in the fourth quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company's stock worth $295,000 after buying an additional 66 shares during the last quarter. Lincoln Capital LLC lifted its holdings in shares of PepsiCo by 0.4% in the 4th quarter. Lincoln Capital LLC now owns 16,808 shares of the company's stock valued at $2,556,000 after purchasing an additional 70 shares during the last quarter. Marshall Financial Group LLC grew its position in PepsiCo by 2.3% during the 4th quarter. Marshall Financial Group LLC now owns 3,128 shares of the company's stock worth $476,000 after purchasing an additional 70 shares during the last quarter. Osprey Private Wealth LLC lifted its position in PepsiCo by 0.5% in the fourth quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company's stock valued at $2,290,000 after purchasing an additional 70 shares during the period. Finally, TAGStone Capital Inc. boosted its position in PepsiCo by 2.8% during the fourth quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock worth $388,000 after purchasing an additional 70 shares in the last quarter. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

Shares of NASDAQ:PEP traded down $1.69 during trading on Monday, hitting $141.15. 1,547,696 shares of the stock traded hands, compared to its average volume of 6,090,456. PepsiCo, Inc. has a 52-week low of $138.33 and a 52-week high of $183.41. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The company has a market cap of $193.56 billion, a price-to-earnings ratio of 20.31, a P/E/G ratio of 3.09 and a beta of 0.49. The company has a fifty day moving average price of $148.16 and a two-hundred day moving average price of $154.74.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $27.78 billion for the quarter, compared to analysts' expectations of $27.89 billion. During the same period in the previous year, the firm posted $1.78 EPS. The business's revenue for the quarter was down .2% compared to the same quarter last year. As a group, equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a $1.355 dividend. The ex-dividend date was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.84%. PepsiCo's payout ratio is 77.99%.

Analyst Ratings Changes

PEP has been the topic of a number of research analyst reports. Bank of America reiterated a "neutral" rating and issued a $155.00 target price (down previously from $185.00) on shares of PepsiCo in a report on Tuesday, April 15th. JPMorgan Chase & Co. upped their price target on PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research report on Monday. Wells Fargo & Company decreased their target price 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. Barclays lowered PepsiCo from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $168.00 to $156.00 in a research note on Tuesday, March 18th. Finally, UBS Group lowered their price objective on PepsiCo from $193.00 to $175.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $167.76.

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.