Allied Investment Advisors LLC Buys 456 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Allied Investment Advisors LLC boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 1.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,070 shares of the company’s stock after buying an additional 456 shares during the quarter. PepsiCo makes up 2.7% of Allied Investment Advisors LLC’s portfolio, making the stock its 12th largest position. Allied Investment Advisors LLC’s holdings in PepsiCo were worth $7,511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PEP. Norges Bank bought a new stake in shares of PepsiCo in the 4th quarter valued at about $2,180,925,000. BlackRock Inc. raised its holdings in shares of PepsiCo by 5.5% in the 4th quarter. BlackRock Inc. now owns 105,501,759 shares of the company’s stock valued at $18,326,710,000 after purchasing an additional 5,454,097 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of PepsiCo by 56.6% in the 1st quarter. Royal Bank of Canada now owns 14,810,738 shares of the company’s stock valued at $2,479,022,000 after purchasing an additional 5,352,721 shares in the last quarter. Vanguard Group Inc. grew its position in shares of PepsiCo by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 124,592,570 shares of the company’s stock worth $20,854,304,000 after buying an additional 1,991,968 shares during the last quarter. Finally, Sanders Capital LLC grew its position in shares of PepsiCo by 34.3% in the 4th quarter. Sanders Capital LLC now owns 6,691,540 shares of the company’s stock worth $1,285,136,000 after buying an additional 1,708,005 shares during the last quarter. Institutional investors own 71.38% of the company’s stock.

PepsiCo Stock Performance

NASDAQ PEP opened at $168.60 on Friday. The stock has a 50-day simple moving average of $173.32 and a two-hundred day simple moving average of $170.45. The firm has a market capitalization of $232.65 billion, a P/E ratio of 25.39, a PEG ratio of 3.30 and a beta of 0.55. PepsiCo, Inc. has a fifty-two week low of $149.48 and a fifty-two week high of $181.07. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.64 and a current ratio of 0.83.

PepsiCo (NASDAQ:PEPGet Rating) last released its quarterly earnings data on Tuesday, July 12th. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.13. The business had revenue of $20.23 billion during the quarter, compared to analyst estimates of $19.51 billion. PepsiCo had a return on equity of 52.01% and a net margin of 11.28%. The company’s revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business posted $1.72 EPS. On average, equities analysts forecast that PepsiCo, Inc. will post 6.66 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 2nd will be paid a $1.15 dividend. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $4.60 annualized dividend and a dividend yield of 2.73%. PepsiCo’s dividend payout ratio is presently 69.28%.

Insider Activity at PepsiCo

In related news, CEO Steven C. Williams sold 1,753 shares of PepsiCo stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $171.18, for a total value of $300,078.54. Following the completion of the transaction, the chief executive officer now owns 70,892 shares in the company, valued at approximately $12,135,292.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Steven C. Williams sold 1,753 shares of PepsiCo stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $171.18, for a total value of $300,078.54. Following the completion of the transaction, the chief executive officer now owns 70,892 shares in the company, valued at approximately $12,135,292.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ramkumar Krishnan sold 3,433 shares of PepsiCo stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $174.83, for a total value of $600,191.39. Following the completion of the transaction, the chief executive officer now owns 50,577 shares of the company’s stock, valued at approximately $8,842,376.91. The disclosure for this sale can be found here. 0.12% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company cut their price objective on shares of PepsiCo from $175.00 to $172.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 21st. JPMorgan Chase & Co. cut their price objective on shares of PepsiCo from $186.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 6th. Credit Suisse Group lifted their price objective on shares of PepsiCo from $168.00 to $170.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 13th. Barclays cut their price objective on shares of PepsiCo from $187.00 to $183.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 6th. Finally, UBS Group dropped their target price on shares of PepsiCo from $190.00 to $182.00 and set a “buy” rating on the stock in a research report on Tuesday, June 21st. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $182.00.

PepsiCo Profile

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PepsiCo, Inc manufactures, markets, distributes, and sells 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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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