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

Allen Capital Group LLC grew its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 22.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,302 shares of the company's stock after buying an additional 3,142 shares during the period. Allen Capital Group LLC's holdings in PepsiCo were worth $2,594,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in PepsiCo by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock worth $20,280,471,000 after purchasing an additional 1,376,133 shares in the last quarter. Geode Capital Management LLC boosted its stake in PepsiCo by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 31,079,522 shares of the company's stock worth $4,717,069,000 after purchasing an additional 582,254 shares in the last quarter. Norges Bank purchased a new position in PepsiCo during the 4th quarter worth approximately $2,729,565,000. Northern Trust Corp raised its position in PepsiCo by 8.7% during the 4th quarter. Northern Trust Corp now owns 16,403,395 shares of the company's stock worth $2,494,300,000 after buying an additional 1,306,818 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in PepsiCo by 0.4% during the 1st quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company's stock worth $2,108,585,000 after buying an additional 49,699 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Price Performance

PEP traded down $1.87 on Friday, hitting $143.57. 5,652,211 shares of the company's stock were exchanged, compared to its average volume of 7,196,704. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $180.91. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 2.13. The firm has a 50-day moving average price of $131.97 and a 200-day moving average price of $141.24. The stock has a market cap of $196.85 billion, a price-to-earnings ratio of 21.11, a P/E/G ratio of 4.23 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.09. The firm had revenue of $22.73 billion for the quarter, compared to analysts' expectations of $22.28 billion. PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The company's revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.28 EPS. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were given a $1.4225 dividend. The ex-dividend date was Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a yield of 3.96%. This is a boost from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio is presently 83.68%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PEP. Evercore ISI set a $140.00 target price on shares of PepsiCo in a report on Thursday, April 24th. Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. JPMorgan Chase & Co. cut their target price on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 10th. Cowen reaffirmed a "hold" rating on shares of PepsiCo in a report on Thursday. Finally, Morgan Stanley lifted their target price on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a report on Friday. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $159.25.

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.