Allen Mooney & Barnes Investment Advisors LLC Has $7.24 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

Allen Mooney & Barnes Investment Advisors LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,299 shares of the company’s stock after purchasing an additional 2,786 shares during the period. Allen Mooney & Barnes Investment Advisors LLC’s holdings in PepsiCo were worth $7,242,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in PEP. Ossiam raised its holdings in PepsiCo by 138.9% in the 4th quarter. Ossiam now owns 73,604 shares of the company’s stock valued at $11,192,000 after acquiring an additional 42,793 shares in the last quarter. OMERS ADMINISTRATION Corp increased its position in shares of PepsiCo by 12.1% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company’s stock worth $18,977,000 after purchasing an additional 13,461 shares during the period. Hutner Capital Management Inc. raised its stake in PepsiCo by 14.6% in the fourth quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company’s stock valued at $8,178,000 after purchasing an additional 6,865 shares in the last quarter. Polar Asset Management Partners Inc. bought a new stake in PepsiCo during the fourth quarter worth about $47,899,000. Finally, Inspire Trust Co. N.A. grew its stake in PepsiCo by 39.2% during the fourth quarter. Inspire Trust Co. N.A. now owns 17,125 shares of the company’s stock worth $2,604,000 after buying an additional 4,825 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Down 1.5%

Shares of NASDAQ:PEP opened at $129.90 on Thursday. The firm has a market cap of $178.10 billion, a P/E ratio of 18.69, a P/E/G ratio of 3.09 and a beta of 0.45. PepsiCo, Inc. has a 12-month low of $127.75 and a 12-month high of $180.91. The business has a fifty day simple moving average of $135.04 and a 200 day simple moving average of $145.63. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter last year, the company earned $1.61 earnings per share. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. Analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a $1.4225 dividend. The ex-dividend date is Friday, June 6th. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a dividend yield of 4.38%. PepsiCo’s dividend payout ratio (DPR) is currently 83.68%.

Wall Street Analysts Forecast Growth

PEP has been the subject of several analyst reports. UBS Group dropped their target price on shares of PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Citigroup decreased their price objective on shares of PepsiCo from $170.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Evercore ISI set a $140.00 target price on PepsiCo in a research note on Thursday, April 24th. Barclays decreased their price target on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Monday, April 28th. Finally, Bank of America dropped their price objective on PepsiCo from $155.00 to $150.00 and set a “neutral” rating for the company in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, PepsiCo presently has a consensus rating of “Hold” and an average price target of $160.69.

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.