Allen Mooney & Barnes Investment Advisors LLC Purchases 2,786 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Allen Mooney & Barnes Investment Advisors LLC grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 6.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,299 shares of the company's stock after buying an additional 2,786 shares during the period. Allen Mooney & Barnes Investment Advisors LLC's holdings in PepsiCo were worth $7,242,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. WealthTrak Capital Management LLC bought a new position in shares of PepsiCo in the fourth quarter worth $28,000. Creative Capital Management Investments LLC bought a new position in shares of PepsiCo in the fourth quarter worth $30,000. Prudent Man Investment Management Inc. bought a new position in shares of PepsiCo in the fourth quarter worth $30,000. Measured Risk Portfolios Inc. bought a new position in shares of PepsiCo in the fourth quarter worth $31,000. Finally, Summit Securities Group LLC bought a new position in shares of PepsiCo in the fourth quarter worth $33,000. Institutional investors own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PEP. Bank of America decreased their price target on PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Evercore ISI set a $140.00 price objective on PepsiCo in a research note on Thursday, April 24th. UBS Group reduced their price objective on PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Morgan Stanley reduced their price objective on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $163.00 price objective on shares of PepsiCo in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $160.69.

PepsiCo Trading Up 1.8%

Shares of PepsiCo stock traded up $2.40 during midday trading on Thursday, reaching $132.30. The company had a trading volume of 11,432,993 shares, compared to its average volume of 6,648,128. PepsiCo, Inc. has a fifty-two week low of $127.75 and a fifty-two week high of $180.91. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The stock has a fifty day moving average price of $135.04 and a 200 day moving average price of $145.63. The firm has a market cap of $181.39 billion, a PE ratio of 19.04, a P/E/G ratio of 3.09 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last released 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 net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the prior year, the firm earned $1.61 EPS. The company's revenue was down 1.8% compared to the same quarter last year. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date is Friday, June 6th. This is an increase from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio is 83.68%.

PepsiCo Company 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.