Callahan Advisors LLC Purchases 16,548 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Callahan Advisors LLC boosted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 18.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 105,880 shares of the company's stock after acquiring an additional 16,548 shares during the quarter. PepsiCo accounts for approximately 1.5% of Callahan Advisors LLC's portfolio, making the stock its 19th largest holding. Callahan Advisors LLC's holdings in PepsiCo were worth $16,100,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Empowered Funds LLC grew its holdings in shares of PepsiCo by 9.2% in the third quarter. Empowered Funds LLC now owns 99,785 shares of the company's stock worth $16,968,000 after purchasing an additional 8,406 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in PepsiCo by 104.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,705,574 shares of the company's stock valued at $259,350,000 after buying an additional 870,451 shares during the period. Janus Henderson Group PLC grew its holdings in PepsiCo by 11.0% in the 3rd quarter. Janus Henderson Group PLC now owns 350,225 shares of the company's stock worth $59,549,000 after acquiring an additional 34,633 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV raised its stake in shares of PepsiCo by 12.8% during the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company's stock valued at $6,323,000 after acquiring an additional 4,712 shares during the last quarter. Finally, IHT Wealth Management LLC boosted its holdings in shares of PepsiCo by 19.3% during the third quarter. IHT Wealth Management LLC now owns 32,267 shares of the company's stock worth $5,493,000 after purchasing an additional 5,220 shares during the period. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Up 3.0 %

NASDAQ:PEP traded up $4.40 on Friday, reaching $153.50. 10,586,982 shares of the stock traded hands, compared to its average volume of 6,999,466. 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 company has a market capitalization of $210.53 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 3.02 and a beta of 0.54. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41. The company's fifty day simple moving average is $148.75 and its 200 day simple moving average is $162.39.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.02. The company had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm's quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.78 earnings per share. Equities analysts predict that PepsiCo, Inc. will post 8.31 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo's payout ratio is currently 77.99%.

Analyst Upgrades and Downgrades

A number of research firms have commented on PEP. UBS Group lowered their price target on PepsiCo from $193.00 to $175.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. Wells Fargo & Company decreased their target price on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. TD Cowen dropped their target price on shares of PepsiCo from $183.00 to $160.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating on the stock in a research report on Wednesday, January 22nd. Finally, Royal Bank of Canada started coverage on shares of PepsiCo in a report on Tuesday, February 4th. They issued a $172.00 price objective for the company. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, PepsiCo has an average rating of "Hold" and a consensus target price of $171.47.

About PepsiCo

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.