Allied Investment Advisors LLC Boosts Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Allied Investment Advisors LLC raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 13.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,865 shares of the company's stock after purchasing an additional 7,755 shares during the period. Allied Investment Advisors LLC's holdings in PepsiCo were worth $9,576,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PEP. WealthTrak Capital Management LLC bought a new stake in PepsiCo during the 4th quarter worth approximately $28,000. Collier Financial bought a new position in PepsiCo during the fourth quarter valued at $28,000. Creative Capital Management Investments LLC bought a new position in PepsiCo during the fourth quarter valued at $30,000. Prudent Man Investment Management Inc. bought a new position in PepsiCo during the fourth quarter valued at $30,000. Finally, Measured Risk Portfolios Inc. bought a new position in PepsiCo during the fourth quarter valued at $31,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Up 0.7%

Shares of PEP stock traded up $0.94 during midday trading on Tuesday, reaching $131.85. 7,330,525 shares of the stock were exchanged, compared to its average volume of 6,555,712. PepsiCo, Inc. has a 1 year low of $127.75 and a 1 year high of $180.91. The company's 50 day moving average is $137.62 and its two-hundred day moving average is $146.83. 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 market cap of $180.78 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 billion. During the same quarter last year, the company posted $1.61 EPS. The firm's revenue was down 1.8% on a year-over-year basis. On average, equities research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a $1.4225 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 annualized dividend and a dividend yield of 4.32%. This is an increase from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio is presently 83.68%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company lowered their price objective on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. Barclays lowered their price target on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $163.00 price objective on shares of PepsiCo in a report on Tuesday, April 22nd. CICC Research reiterated a "market perform" rating on shares of PepsiCo in a report on Friday, February 7th. Finally, BNP Paribas decreased their price objective on PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target 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.