Allen Wealth Management LLC Decreases Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Allen Wealth Management LLC decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 12.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,373 shares of the company’s stock after selling 196 shares during the period. Allen Wealth Management LLC’s holdings in PepsiCo were worth $209,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of PEP. Arete Wealth Advisors LLC grew its holdings in shares of PepsiCo by 31.0% during the fourth quarter. Arete Wealth Advisors LLC now owns 16,124 shares of the company’s stock valued at $2,447,000 after buying an additional 3,811 shares during the last quarter. World Investment Advisors lifted its position in PepsiCo by 4.5% during the 4th quarter. World Investment Advisors now owns 73,816 shares of the company’s stock worth $11,225,000 after acquiring an additional 3,210 shares during the period. OneAscent Financial Services LLC increased its holdings in shares of PepsiCo by 2.8% in the fourth quarter. OneAscent Financial Services LLC now owns 5,172 shares of the company’s stock valued at $792,000 after purchasing an additional 141 shares during the period. Bryce Point Capital LLC purchased a new position in shares of PepsiCo in the fourth quarter worth about $508,000. Finally, Private Portfolio Partners LLC lifted its holdings in shares of PepsiCo by 4.0% during the fourth quarter. Private Portfolio Partners LLC now owns 3,287 shares of the company’s stock worth $500,000 after purchasing an additional 125 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $149.12 on Thursday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The firm has a fifty day moving average of $149.32 and a 200 day moving average of $157.46. The firm has a market cap of $204.52 billion, a PE ratio of 21.46, a PEG ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. The business had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.78 earnings per share. As a group, research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were issued a dividend of $1.355 per share. The ex-dividend date was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.63%. PepsiCo’s payout ratio is currently 77.99%.

Wall Street Analyst Weigh In

PEP has been the topic of several research reports. CICC Research reiterated a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Jefferies Financial Group lowered shares of PepsiCo from a “buy” rating to a “hold” rating and lowered their price target for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. Wells Fargo & Company reduced their price objective on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Finally, Royal Bank of Canada initiated coverage on PepsiCo in a research note on Tuesday, February 4th. They issued a $172.00 target price on the stock. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, PepsiCo presently has a consensus rating of “Hold” and an average target price of $169.88.

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.