Allen Capital Group LLC Has $276,000 Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Allen Capital Group LLC grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 35.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,627 shares of the company’s stock after buying an additional 423 shares during the period. Allen Capital Group LLC’s holdings in PepsiCo were worth $276,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in PEP. Moneta Group Investment Advisors LLC boosted its stake in PepsiCo by 95,514.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 42,876,248 shares of the company’s stock valued at $7,746,023,000 after acquiring an additional 42,831,405 shares during the last quarter. Norges Bank bought a new position in shares of PepsiCo in the 4th quarter worth $2,519,707,000. Morgan Stanley grew its stake in shares of PepsiCo by 21.0% during the fourth quarter. Morgan Stanley now owns 26,720,027 shares of the company’s stock worth $4,827,240,000 after purchasing an additional 4,629,947 shares during the period. International Assets Investment Management LLC increased its holdings in shares of PepsiCo by 9,623.6% in the fourth quarter. International Assets Investment Management LLC now owns 3,058,061 shares of the company’s stock worth $519,381,000 after acquiring an additional 3,026,611 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of PepsiCo during the 3rd quarter valued at $329,179,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Up 0.8 %

Shares of NASDAQ PEP opened at $168.77 on Wednesday. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $196.88. The firm has a market cap of $231.98 billion, a PE ratio of 25.49, a price-to-earnings-growth ratio of 2.62 and a beta of 0.53. The business has a fifty day simple moving average of $168.62 and a two-hundred day simple moving average of $167.37. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 2.02.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Friday, February 9th. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.06. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The firm had revenue of $27.84 billion during the quarter, compared to analysts’ expectations of $28.40 billion. During the same quarter in the prior year, the company earned $1.67 EPS. The company’s revenue was down .6% compared to the same quarter last year. Analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were paid a $1.265 dividend. The ex-dividend date was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a yield of 3.00%. PepsiCo’s dividend payout ratio is currently 77.02%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PEP shares. JPMorgan Chase & Co. cut shares of PepsiCo from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $185.00 to $176.00 in a report on Tuesday, December 19th. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Barclays raised their price target on shares of PepsiCo from $183.00 to $184.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and upped their price target for the stock from $180.00 to $195.00 in a report on Monday, February 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research note on Friday, February 9th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, PepsiCo presently has a consensus rating of “Moderate Buy” and an average price target of $186.92.

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.