William Allan Corp Boosts Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

William Allan Corp lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,133 shares of the company’s stock after purchasing an additional 679 shares during the quarter. William Allan Corp’s holdings in PepsiCo were worth $2,149,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Highline Wealth Partners LLC bought a new position in PepsiCo in the 3rd quarter worth about $28,000. Legacy Investment Solutions LLC purchased a new position in shares of PepsiCo during the third quarter worth about $31,000. Rakuten Securities Inc. raised its stake in PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after purchasing an additional 96 shares in the last quarter. Bay Harbor Wealth Management LLC bought a new stake in PepsiCo during the fourth quarter valued at approximately $34,000. Finally, ORG Wealth Partners LLC purchased a new position in PepsiCo in the 3rd quarter worth approximately $44,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on PEP. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Barclays cut their price objective on PepsiCo from $158.00 to $153.00 and set an “overweight” rating for the company in a report on Thursday. UBS Group dropped their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Morgan Stanley reduced their price target on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $171.47.

PepsiCo Price Performance

PEP opened at $145.35 on Friday. The stock’s 50 day moving average price is $152.15 and its 200-day moving average price is $164.39. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The stock has a market capitalization of $199.42 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 2.92 and a beta of 0.54. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The business had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. During the same period in the prior year, the business earned $1.78 EPS. The company’s revenue for the quarter was down .2% on a year-over-year basis. On average, equities research analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio is currently 79.94%.

PepsiCo Company 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.