Allianz SE Takes $6.69 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Allianz SE purchased a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 44,066 shares of the company’s stock, valued at approximately $6,686,000.

Several other hedge funds have also added to or reduced their stakes in the company. Howard Capital Management Group LLC lifted its stake in PepsiCo by 2.0% in the third quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock valued at $777,000 after buying an additional 90 shares during the period. Fred Alger Management LLC increased its stake in shares of PepsiCo by 1.2% in the 3rd quarter. Fred Alger Management LLC now owns 50,431 shares of the company’s stock valued at $8,576,000 after acquiring an additional 589 shares during the last quarter. L.M. Kohn & Company boosted its stake in PepsiCo by 1.7% during the 3rd quarter. L.M. Kohn & Company now owns 17,262 shares of the company’s stock worth $2,935,000 after acquiring an additional 283 shares during the last quarter. Encompass More Asset Management grew its holdings in PepsiCo by 38.9% during the third quarter. Encompass More Asset Management now owns 2,432 shares of the company’s stock valued at $414,000 after purchasing an additional 681 shares during the period. Finally, Cobblestone Capital Advisors LLC NY increased its stake in PepsiCo by 1.6% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 112,987 shares of the company’s stock valued at $19,213,000 after purchasing an additional 1,797 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 0.3 %

NASDAQ PEP opened at $149.27 on Friday. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The stock has a 50 day moving average of $149.25 and a 200-day moving average of $158.03. The company has a market cap of $204.72 billion, a PE ratio of 21.48, a PEG ratio of 3.09 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. The firm had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter last year, the company posted $1.78 earnings per share. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.63%. PepsiCo’s payout ratio is 77.99%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on PEP shares. CICC Research reissued a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. HSBC decreased their target price on PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research note on Tuesday, February 4th. UBS Group dropped their price target on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. TD Cowen decreased their price objective on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Finally, Barclays downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $168.00 to $156.00 in a report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $169.88.

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.