Allied Investment Advisors LLC Raises Stake in PepsiCo, Inc. (NASDAQ:PEP)

Allied Investment Advisors LLC increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 54,845 shares of the company’s stock after buying an additional 736 shares during the quarter. Allied Investment Advisors LLC’s holdings in PepsiCo were worth $9,326,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Valued Wealth Advisors LLC grew its stake in shares of PepsiCo by 77.5% during the 1st quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock worth $28,000 after acquiring an additional 69 shares during the period. Global Wealth Strategies & Associates increased its stake in shares of PepsiCo by 59.0% in the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after purchasing an additional 59 shares in the last quarter. POM Investment Strategies LLC raised its position in shares of PepsiCo by 141.3% in the second quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock valued at $30,000 after purchasing an additional 106 shares during the period. Summit Securities Group LLC bought a new position in PepsiCo in the 2nd quarter worth approximately $30,000. Finally, Fortis Group Advisors LLC grew its stake in PepsiCo by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock valued at $33,000 after buying an additional 97 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

NASDAQ:PEP traded down $0.56 during midday trading on Friday, hitting $167.97. The company had a trading volume of 4,391,321 shares, compared to its average volume of 5,492,783. The company has a market capitalization of $230.92 billion, a PE ratio of 24.38, a P/E/G ratio of 2.93 and a beta of 0.53. The company has a quick ratio of 0.64, a current ratio of 0.83 and a debt-to-equity ratio of 1.87. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $183.41. The stock’s fifty day moving average price is $173.80 and its 200-day moving average price is $172.10.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, July 11th. The company reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.12. The firm had revenue of $22.50 billion during the quarter, compared to analysts’ expectations of $22.59 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.09 EPS. As a group, research analysts expect that PepsiCo, Inc. will post 8.14 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were issued a $1.355 dividend. The ex-dividend date was Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.23%. PepsiCo’s payout ratio is 78.66%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. BNP Paribas assumed coverage on PepsiCo in a research report on Monday, June 24th. They set a “neutral” rating and a $174.00 target price on the stock. TD Cowen cut their target price on PepsiCo from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. Bank of America decreased their price target on PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. DZ Bank lowered shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective for the company. in a research report on Friday, July 19th. Finally, JPMorgan Chase & Co. upped their target price on shares of PepsiCo from $182.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday. Nine equities 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, the stock presently has an average rating of “Hold” and an average target price of $185.29.

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.