Allied Investment Advisors LLC Has $9.58 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Allied Investment Advisors LLC boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 13.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 63,865 shares of the company's stock after buying 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 filing with the SEC.

Several other hedge funds have also recently bought and sold shares of PEP. Fifth Third Wealth Advisors LLC increased its holdings in PepsiCo by 20.1% during the first quarter. Fifth Third Wealth Advisors LLC now owns 31,521 shares of the company's stock worth $4,726,000 after buying an additional 5,269 shares during the last quarter. Ables Iannone Moore & Associates Inc. increased its holdings in PepsiCo by 5.9% during the first quarter. Ables Iannone Moore & Associates Inc. now owns 8,349 shares of the company's stock worth $1,252,000 after buying an additional 462 shares during the last quarter. Dumont & Blake Investment Advisors LLC increased its holdings in PepsiCo by 0.9% during the first quarter. Dumont & Blake Investment Advisors LLC now owns 12,384 shares of the company's stock worth $1,857,000 after buying an additional 105 shares during the last quarter. Marion Wealth Management increased its holdings in PepsiCo by 16.4% during the first quarter. Marion Wealth Management now owns 10,801 shares of the company's stock worth $1,620,000 after buying an additional 1,519 shares during the last quarter. Finally, Pacifica Partners Inc. increased its holdings in PepsiCo by 22.5% during the first quarter. Pacifica Partners Inc. now owns 24,748 shares of the company's stock worth $3,746,000 after buying an additional 4,548 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Up 0.7%

Shares of NASDAQ PEP traded up $0.86 during trading on Wednesday, hitting $132.71. 2,914,603 shares of the company traded hands, compared to its average volume of 6,547,881. The firm has a market capitalization of $181.96 billion, a price-to-earnings ratio of 19.09, a P/E/G ratio of 3.09 and a beta of 0.47. The business's fifty day moving average is $137.27 and its 200 day moving average is $146.72. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. PepsiCo, Inc. has a fifty-two week low of $127.75 and a fifty-two week high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (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 firm had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the previous year, the company posted $1.61 EPS. The firm's revenue was down 1.8% on a year-over-year basis. Equities research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a $1.4225 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 annualized dividend and a yield of 4.29%. This is an increase from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is presently 83.68%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. CICC Research restated a "market perform" rating on shares of PepsiCo in a report on Friday, February 7th. BNP Paribas reduced their price objective on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Jefferies Financial Group cut shares of PepsiCo from a "buy" rating to a "hold" rating and reduced their target price for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. Barclays dropped their price objective on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Finally, UBS Group cut their target price on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $160.69.

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.