William Allan Corp Increases Holdings in PepsiCo, Inc. (NASDAQ:PEP)

William Allan Corp lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 53.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,672 shares of the company's stock after acquiring an additional 7,539 shares during the period. PepsiCo accounts for about 2.0% of William Allan Corp's investment portfolio, making the stock its 21st largest position. William Allan Corp's holdings in PepsiCo were worth $3,249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Asset Management One Co. Ltd. boosted its holdings in shares of PepsiCo by 3.6% during the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock valued at $94,598,000 after acquiring an additional 21,859 shares during the period. Ossiam lifted its holdings in PepsiCo by 138.9% in the fourth quarter. Ossiam now owns 73,604 shares of the company's stock worth $11,192,000 after purchasing an additional 42,793 shares during the period. Graybill Wealth Management LTD. acquired a new stake in PepsiCo in the first quarter worth about $3,633,000. OMERS ADMINISTRATION Corp lifted its holdings in PepsiCo by 12.1% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock worth $18,977,000 after purchasing an additional 13,461 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in PepsiCo by 2.3% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 270,938 shares of the company's stock worth $40,624,000 after purchasing an additional 6,112 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Price Performance

Shares of PepsiCo stock traded down $1.54 during trading on Monday, reaching $141.70. 9,002,722 shares of the company's stock were exchanged, compared to its average volume of 7,246,734. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $180.91. The company has a market cap of $194.00 billion, a P/E ratio of 18.20, a PEG ratio of 4.38 and a beta of 0.45. The firm's 50-day moving average price is $132.23 and its 200 day moving average price is $141.04.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The business had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same quarter in the previous year, the business earned $2.28 earnings per share. PepsiCo's revenue for the quarter was up 1.0% on a year-over-year basis. As a group, research 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. Stockholders of record on Friday, June 6th were issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date was Friday, June 6th. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is currently 103.64%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Cowen reaffirmed a "hold" rating on shares of PepsiCo in a research note on Thursday. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a research report on Thursday. Citigroup upped their target price on PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research note on Friday. Wells Fargo & Company increased their price objective on PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research note on Friday. Finally, Morgan Stanley increased their price objective on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, PepsiCo currently has an average rating of "Hold" and a consensus target price of $158.73.

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.