AllGen Financial Advisors Inc. Purchases 187 Shares of PepsiCo, Inc. (NASDAQ:PEP)

AllGen Financial Advisors Inc. boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 15,969 shares of the company’s stock after purchasing an additional 187 shares during the period. PepsiCo comprises approximately 1.4% of AllGen Financial Advisors Inc.’s investment portfolio, making the stock its 19th biggest position. AllGen Financial Advisors Inc.’s holdings in PepsiCo were worth $2,712,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Bangor Savings Bank boosted its holdings in PepsiCo by 1.8% in the third quarter. Bangor Savings Bank now owns 22,493 shares of the company’s stock worth $3,811,000 after purchasing an additional 393 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted 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 worth $113,536,000 after acquiring an additional 12,000 shares in the last quarter. Guyasuta Investment Advisors Inc. increased its holdings in shares of PepsiCo by 1.0% during the 3rd quarter. Guyasuta Investment Advisors Inc. now owns 253,084 shares of the company’s stock valued at $42,882,000 after acquiring an additional 2,475 shares during the last quarter. BLB&B Advisors LLC raised its stake in shares of PepsiCo by 3.2% in the 3rd 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 in the last quarter. Finally, Segment Wealth Management LLC lifted its holdings in PepsiCo by 13.7% in the 3rd quarter. Segment Wealth Management LLC now owns 6,565 shares of the company’s stock worth $1,112,000 after purchasing an additional 791 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Performance

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

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

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.08%. The ex-dividend date is Friday, June 7th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio is 76.09%.

Analysts Set New Price Targets

PEP has been the topic of a number of recent analyst reports. Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and lifted their price target for the company from $180.00 to $195.00 in a research 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 upped their price target on shares of PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a report on Friday, April 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. Finally, Argus downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.