Allianz SE Buys New Shares in PepsiCo, Inc. (NASDAQ:PEP)

Allianz SE acquired a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 44,066 shares of the company's stock, valued at approximately $6,686,000.

A number of other large investors also recently modified their holdings of the stock. WealthTrak Capital Management LLC bought a new stake in PepsiCo in the 4th quarter worth about $28,000. Collier Financial bought a new position in shares of PepsiCo in the fourth quarter valued at approximately $28,000. Legacy Investment Solutions LLC purchased a new stake in shares of PepsiCo during the third quarter valued at approximately $31,000. Creative Capital Management Investments LLC bought a new stake in PepsiCo during the fourth quarter worth $30,000. Finally, Bay Harbor Wealth Management LLC bought a new position in PepsiCo in the 4th quarter valued at $34,000. Institutional investors own 73.07% of the company's stock.

Analysts Set New Price Targets

PEP has been the topic of a number of research analyst reports. Wells Fargo & Company cut their price target on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. BNP Paribas reduced their target price on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. CICC Research reaffirmed a "market perform" rating on shares of PepsiCo in a report on Friday, February 7th. Morgan Stanley lowered their price objective on PepsiCo from $185.00 to $168.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Finally, StockNews.com lowered shares of PepsiCo from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $169.88.

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PepsiCo Price Performance

Shares of PEP traded down $1.04 during trading hours on Wednesday, reaching $148.64. 1,871,495 shares of the company's stock traded hands, compared to its average volume of 7,142,369. 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 firm's 50 day simple moving average is $149.30 and its 200-day simple moving average is $157.52. The stock has a market cap of $203.85 billion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.94 by $0.02. The business 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 business's quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.78 EPS. Equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a dividend of $1.355 per share. The ex-dividend date was Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.65%. PepsiCo's dividend payout ratio (DPR) is presently 77.99%.

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.