Allen Capital Group LLC Increases Position in PepsiCo, Inc. (NASDAQ:PEP)

Allen Capital Group LLC increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 499.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,160 shares of the company’s stock after acquiring an additional 11,799 shares during the period. Allen Capital Group LLC’s holdings in PepsiCo were worth $2,153,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Valicenti Advisory Services Inc. increased its stake in shares of PepsiCo by 7.5% in the 4th quarter. Valicenti Advisory Services Inc. now owns 49,666 shares of the company’s stock worth $7,552,000 after acquiring an additional 3,448 shares during the last quarter. Strategic Blueprint LLC boosted its holdings in PepsiCo by 2.6% during the 4th quarter. Strategic Blueprint LLC now owns 15,436 shares of the company’s stock valued at $2,347,000 after acquiring an additional 391 shares during the period. Iams Wealth Management LLC increased its stake in PepsiCo by 14.5% during the 4th quarter. Iams Wealth Management LLC now owns 7,669 shares of the company’s stock worth $1,166,000 after buying an additional 971 shares during the period. Nvest Financial LLC increased its position in shares of PepsiCo by 20.6% during the fourth quarter. Nvest Financial LLC now owns 24,235 shares of the company’s stock worth $3,685,000 after acquiring an additional 4,138 shares during the period. Finally, Foster Victor Wealth Advisors LLC raised its stake in shares of PepsiCo by 18.3% in the fourth quarter. Foster Victor Wealth Advisors LLC now owns 74,769 shares of the company’s stock valued at $11,085,000 after acquiring an additional 11,546 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the company. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a report on Thursday, October 10th. UBS Group cut their target price on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Wells Fargo & Company dropped their price objective on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Barclays lowered their target price on shares of PepsiCo from $183.00 to $158.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, Redburn Atlantic raised PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, PepsiCo presently has an average rating of “Hold” and a consensus target price of $177.00.

PepsiCo Stock Up 0.1 %

Shares of NASDAQ PEP opened at $150.43 on Wednesday. The firm has a fifty day moving average of $153.68 and a 200-day moving average of $165.17. The stock has a market capitalization of $206.38 billion, a PE ratio of 22.26, a P/E/G ratio of 2.86 and a beta of 0.54. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were given a dividend of $1.355 per share. The ex-dividend date was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.60%. PepsiCo’s dividend payout ratio (DPR) is 79.94%.

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.