Allied Investment Advisors LLC Acquires 3,584 Shares of PepsiCo, Inc. $PEP

Allied Investment Advisors LLC boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 76,929 shares of the company’s stock after acquiring an additional 3,584 shares during the quarter. PepsiCo accounts for approximately 1.7% of Allied Investment Advisors LLC’s holdings, making the stock its 28th biggest holding. Allied Investment Advisors LLC’s holdings in PepsiCo were worth $11,041,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Harbour Investments Inc. raised its holdings in shares of PepsiCo by 49.7% during the fourth quarter. Harbour Investments Inc. now owns 33,774 shares of the company’s stock worth $4,847,000 after purchasing an additional 11,215 shares during the last quarter. Allstate Corp grew its holdings in PepsiCo by 108.1% during the fourth quarter. Allstate Corp now owns 104,723 shares of the company’s stock worth $15,030,000 after acquiring an additional 54,405 shares during the period. MSH Capital Advisors LLC raised its position in PepsiCo by 8.0% during the fourth quarter. MSH Capital Advisors LLC now owns 9,361 shares of the company’s stock valued at $1,344,000 after acquiring an additional 697 shares in the last quarter. Summitry LLC lifted its holdings in PepsiCo by 3.1% in the fourth quarter. Summitry LLC now owns 4,271 shares of the company’s stock valued at $613,000 after acquiring an additional 127 shares during the period. Finally, Murphy Pohlad Asset Management LLC boosted its position in PepsiCo by 2.6% in the 4th quarter. Murphy Pohlad Asset Management LLC now owns 22,868 shares of the company’s stock worth $3,282,000 after purchasing an additional 570 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PEP. Rothschild & Co Redburn increased their price target on shares of PepsiCo from $130.00 to $132.00 in a report on Monday, May 11th. Wells Fargo & Company lowered their target price on shares of PepsiCo from $165.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Monday, May 18th. Piper Sandler lifted their price target on PepsiCo from $172.00 to $181.00 and gave the company an “overweight” rating in a research note on Thursday, March 12th. Barclays upped their price target on PepsiCo from $154.00 to $158.00 and gave the stock an “equal weight” rating in a report on Monday, April 20th. Finally, Morgan Stanley lifted their price target on shares of PepsiCo from $165.00 to $180.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 4th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, PepsiCo presently has an average rating of “Hold” and an average price target of $170.11.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $150.57 on Tuesday. The company has a 50-day moving average of $154.00 and a 200 day moving average of $152.57. The stock has a market cap of $205.79 billion, a PE ratio of 23.64, a P/E/G ratio of 2.73 and a beta of 0.38. The company has a current ratio of 0.90, a quick ratio of 0.72 and a debt-to-equity ratio of 1.98. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $171.48.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Wednesday, April 15th. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.55 by $0.06. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The business had revenue of $19.44 billion for the quarter, compared to analyst estimates of $18.89 billion. During the same quarter in the previous year, the firm earned $1.48 EPS. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.63 EPS for the current fiscal year.

PepsiCo announced that its board has approved a stock buyback plan on Tuesday, February 3rd that permits the company to buyback $10.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 4.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its shares are undervalued.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be issued a $1.48 dividend. This represents a $5.92 annualized dividend and a yield of 3.9%. The ex-dividend date is Friday, June 5th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.42. PepsiCo’s dividend payout ratio (DPR) is presently 89.32%.

PepsiCo Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.