Bruce G. Allen Investments LLC Sells 586 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Bruce G. Allen Investments LLC lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 33.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,154 shares of the company’s stock after selling 586 shares during the period. Bruce G. Allen Investments LLC’s holdings in PepsiCo were worth $175,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. AGF Management Ltd. raised its holdings in shares of PepsiCo by 10.3% during the 2nd quarter. AGF Management Ltd. now owns 70,739 shares of the company’s stock worth $11,667,000 after acquiring an additional 6,600 shares in the last quarter. LPL Financial LLC grew its stake in shares of PepsiCo by 6.0% in the 2nd quarter. LPL Financial LLC now owns 1,702,146 shares of the company’s stock worth $280,735,000 after buying an additional 95,864 shares in the last quarter. Investment Partners LTD. increased its holdings in shares of PepsiCo by 2.1% in the 2nd quarter. Investment Partners LTD. now owns 10,829 shares of the company’s stock worth $1,786,000 after buying an additional 226 shares during the last quarter. PFG Advisors raised its position in shares of PepsiCo by 63.4% during the 2nd quarter. PFG Advisors now owns 12,415 shares of the company’s stock valued at $2,048,000 after buying an additional 4,819 shares in the last quarter. Finally, Beverly Hills Private Wealth LLC lifted its holdings in shares of PepsiCo by 21.0% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 21,717 shares of the company’s stock valued at $3,582,000 after acquiring an additional 3,766 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Price Performance

Shares of NASDAQ:PEP traded down $3.52 during midday trading on Friday, reaching $143.02. 6,919,959 shares of the company’s stock traded hands, compared to its average volume of 6,730,728. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The company has a fifty day simple moving average of $157.81 and a two-hundred day simple moving average of $166.68. The company has a market cap of $196.22 billion, a P/E ratio of 21.09, a PEG ratio of 2.94 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.01. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The firm had revenue of $23.32 billion for the quarter, compared to the consensus estimate of $23.86 billion. During the same quarter last year, the business posted $2.25 earnings per share. The firm’s revenue was down .6% compared to the same quarter last year. Equities analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date was Friday, December 6th. PepsiCo’s dividend payout ratio is presently 79.94%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on PEP shares. Deutsche Bank Aktiengesellschaft raised PepsiCo from a “hold” rating to a “buy” rating and boosted their target price for the company from $179.00 to $184.00 in a research report on Thursday, December 12th. Morgan Stanley cut shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price target for the company. in a research note on Friday, September 20th. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Royal Bank of Canada reduced their target price on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating on the stock in a research note on Friday, October 4th. Finally, Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, PepsiCo currently has an average rating of “Hold” and a consensus target price of $180.64.

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.