Allied Investment Advisors LLC Boosts Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Allied Investment Advisors LLC lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,070 shares of the company’s stock after acquiring an additional 456 shares during the period. PepsiCo accounts for about 2.7% of Allied Investment Advisors LLC’s investment portfolio, making the stock its 12th largest position. Allied Investment Advisors LLC’s holdings in PepsiCo were worth $7,511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of PepsiCo in the 4th quarter valued at $2,180,925,000. BlackRock Inc. boosted its holdings in PepsiCo by 5.5% in the fourth quarter. BlackRock Inc. now owns 105,501,759 shares of the company’s stock valued at $18,326,710,000 after acquiring an additional 5,454,097 shares during the last quarter. Royal Bank of Canada grew its position in PepsiCo by 56.6% during the first quarter. Royal Bank of Canada now owns 14,810,738 shares of the company’s stock valued at $2,479,022,000 after acquiring an additional 5,352,721 shares during the period. Vanguard Group Inc. increased its stake in PepsiCo by 1.6% during the first quarter. Vanguard Group Inc. now owns 124,592,570 shares of the company’s stock worth $20,854,304,000 after acquiring an additional 1,991,968 shares during the last quarter. Finally, Sanders Capital LLC raised its holdings in shares of PepsiCo by 34.3% in the 4th quarter. Sanders Capital LLC now owns 6,691,540 shares of the company’s stock worth $1,285,136,000 after purchasing an additional 1,708,005 shares during the period. 71.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at PepsiCo

In other PepsiCo news, CEO Steven C. Williams sold 1,753 shares of PepsiCo stock in a transaction on Friday, July 15th. The shares were sold at an average price of $171.18, for a total value of $300,078.54. Following the completion of the transaction, the chief executive officer now owns 70,892 shares of the company’s stock, valued at $12,135,292.56. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other PepsiCo news, CEO Steven C. Williams sold 1,753 shares of the firm’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $171.18, for a total value of $300,078.54. Following the transaction, the chief executive officer now owns 70,892 shares of the company’s stock, valued at $12,135,292.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ramkumar Krishnan sold 3,433 shares of PepsiCo stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $174.83, for a total value of $600,191.39. Following the completion of the transaction, the chief executive officer now owns 50,577 shares of the company’s stock, valued at $8,842,376.91. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

PEP has been the subject of a number of research analyst reports. UBS Group dropped their target price on shares of PepsiCo from $190.00 to $182.00 and set a “buy” rating for the company in a research report on Tuesday, June 21st. JPMorgan Chase & Co. cut their target price on shares of PepsiCo from $186.00 to $185.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 6th. Barclays decreased their price target on shares of PepsiCo from $187.00 to $183.00 and set an “overweight” rating for the company in a research report on Wednesday, July 6th. Wells Fargo & Company cut their price objective on PepsiCo from $175.00 to $172.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 21st. Finally, Deutsche Bank Aktiengesellschaft increased their target price on PepsiCo from $175.00 to $178.00 and gave the company a “hold” rating in a research note on Thursday, July 7th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $182.00.

PepsiCo Stock Up 0.1 %

PEP stock opened at $168.60 on Friday. The company has a market capitalization of $232.65 billion, a P/E ratio of 25.39, a PEG ratio of 3.30 and a beta of 0.55. The firm has a 50 day simple moving average of $173.32 and a 200-day simple moving average of $170.45. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.78. PepsiCo, Inc. has a twelve month low of $149.48 and a twelve month high of $181.07.

PepsiCo (NASDAQ:PEPGet Rating) last released its earnings results on Tuesday, July 12th. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.13. The company had revenue of $20.23 billion during the quarter, compared to the consensus estimate of $19.51 billion. PepsiCo had a net margin of 11.28% and a return on equity of 52.01%. During the same quarter in the previous year, the firm earned $1.72 EPS. The company’s revenue was up 5.2% on a year-over-year basis. On average, equities research analysts predict that PepsiCo, Inc. will post 6.66 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 2nd will be issued a $1.15 dividend. The ex-dividend date is Thursday, September 1st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.73%. PepsiCo’s dividend payout ratio (DPR) is 69.28%.

PepsiCo Company Profile

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PepsiCo, Inc manufactures, markets, distributes, and sells 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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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