Allen Wealth Management LLC Sells 196 Shares of PepsiCo, Inc. (NASDAQ:PEP)

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

Other institutional investors and hedge funds have also recently modified their holdings of the company. Howard Capital Management Group LLC increased its position in shares of PepsiCo by 2.0% during the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock valued at $777,000 after purchasing an additional 90 shares during the last quarter. Harmony Asset Management LLC purchased a new position in PepsiCo during the third quarter worth $241,000. Janus Henderson Group PLC increased its position in PepsiCo by 11.0% during the third quarter. Janus Henderson Group PLC now owns 350,225 shares of the company’s stock valued at $59,549,000 after acquiring an additional 34,633 shares during the last quarter. IHT Wealth Management LLC raised its stake in shares of PepsiCo by 19.3% in the third quarter. IHT Wealth Management LLC now owns 32,267 shares of the company’s stock valued at $5,493,000 after acquiring an additional 5,220 shares during the period. Finally, Morse Asset Management Inc bought a new stake in shares of PepsiCo in the 3rd quarter worth about $996,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

Shares of NASDAQ:PEP opened at $149.12 on Thursday. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $204.52 billion, a price-to-earnings ratio of 21.46, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The firm has a 50 day moving average of $149.32 and a 200 day moving average of $157.46. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41.

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

PepsiCo Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PEP. Royal Bank of Canada initiated coverage on shares of PepsiCo in a research report on Tuesday, February 4th. They issued a $172.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. reduced their target price on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Finally, Evercore ISI lowered their target price on shares of PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, PepsiCo presently has an average rating of “Hold” and a consensus target price of $169.88.

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.