AllGen Financial Advisors Inc. Buys 457 Shares of PepsiCo, Inc. (NASDAQ:PEP)

AllGen Financial Advisors Inc. increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 20,649 shares of the company’s stock after purchasing an additional 457 shares during the period. PepsiCo accounts for 1.1% of AllGen Financial Advisors Inc.’s investment portfolio, making the stock its 24th largest position. AllGen Financial Advisors Inc.’s holdings in PepsiCo were worth $3,140,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. Howard Capital Management Group LLC boosted 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 acquiring an additional 90 shares during the last quarter. Janus Henderson Group PLC grew its stake in PepsiCo by 11.0% in the 3rd quarter. Janus Henderson Group PLC now owns 350,225 shares of the company’s stock worth $59,549,000 after buying an additional 34,633 shares in the last quarter. Morse Asset Management Inc purchased a new stake in shares of PepsiCo during the 3rd quarter valued at $996,000. Royal London Asset Management Ltd. lifted its holdings in shares of PepsiCo by 0.8% during the 3rd quarter. Royal London Asset Management Ltd. now owns 1,100,331 shares of the company’s stock worth $187,111,000 after acquiring an additional 9,129 shares during the last quarter. Finally, Quarry LP increased its stake in PepsiCo by 15.5% in the third quarter. Quarry LP now owns 1,030 shares of the company’s stock valued at $175,000 after acquiring an additional 138 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 1.5 %

PEP stock opened at $151.37 on Friday. The company has a market capitalization of $207.58 billion, a price-to-earnings ratio of 21.78, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49. 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 business’s 50 day moving average price is $149.38 and its two-hundred day moving average price is $157.42. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41.

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

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date was Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PEP. Citigroup cut their price objective on PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Wells Fargo & Company lowered their price objective on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. UBS Group reduced their target price on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft cut their price target on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Finally, Royal Bank of Canada started coverage on PepsiCo in a report on Tuesday, February 4th. They issued a $172.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, 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.