AllGen Financial Advisors Inc. Boosts Stake in PepsiCo, Inc. (NASDAQ:PEP)

AllGen Financial Advisors Inc. raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,969 shares of the company’s stock after acquiring an additional 187 shares during the quarter. PepsiCo makes up 1.4% of AllGen Financial Advisors Inc.’s portfolio, making the stock its 19th biggest holding. AllGen Financial Advisors Inc.’s holdings in PepsiCo were worth $2,712,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Bangor Savings Bank increased its stake in shares of PepsiCo by 1.8% during the 3rd quarter. Bangor Savings Bank now owns 22,493 shares of the company’s stock valued at $3,811,000 after acquiring an additional 393 shares during the last quarter. Mn Services Vermogensbeheer B.V. grew its stake in shares of PepsiCo by 1.8% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 670,069 shares of the company’s stock valued at $113,536,000 after buying an additional 12,000 shares during the period. Guyasuta Investment Advisors Inc. raised its position in shares of PepsiCo by 1.0% in the 3rd quarter. Guyasuta Investment Advisors Inc. now owns 253,084 shares of the company’s stock worth $42,882,000 after buying an additional 2,475 shares during the period. BLB&B Advisors LLC boosted its holdings in PepsiCo by 3.2% in the third quarter. BLB&B Advisors LLC now owns 28,192 shares of the company’s stock valued at $4,777,000 after acquiring an additional 871 shares during the last quarter. Finally, Segment Wealth Management LLC increased its stake in PepsiCo by 13.7% during the third quarter. Segment Wealth Management LLC now owns 6,565 shares of the company’s stock worth $1,112,000 after acquiring an additional 791 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Up 0.4 %

Shares of PEP stock traded up $0.70 during mid-day trading on Friday, reaching $176.15. 3,492,120 shares of the company were exchanged, compared to its average volume of 5,328,097. The company has a market capitalization of $242.17 billion, a P/E ratio of 26.49, a P/E/G ratio of 2.87 and a beta of 0.52. The business’s 50 day simple moving average is $170.14 and its 200 day simple moving average is $168.46. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $196.88.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The company had revenue of $18.25 billion for the quarter, compared to the consensus estimate of $18.08 billion. During the same quarter last year, the business posted $1.50 EPS. PepsiCo’s quarterly revenue was up 2.3% compared to the same quarter last year. Research analysts predict that PepsiCo, Inc. will post 8.16 earnings per share for the current year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.08%. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend is Friday, June 7th. PepsiCo’s dividend payout ratio is 76.09%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PEP shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $180.00 target price on shares of PepsiCo in a report on Monday, February 12th. Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a report on Monday, March 18th. Jefferies Financial Group increased their price target on PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a report on Friday, April 5th. Wedbush reaffirmed an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a research report on Tuesday, April 23rd. Finally, JPMorgan Chase & Co. raised their target price on PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, PepsiCo currently has a consensus rating of “Moderate Buy” and a consensus price target of $187.42.

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.