Arete Wealth Advisors LLC Buys 3,811 Shares of PepsiCo, Inc. (NASDAQ:PEP)
by Scott Moore · The Cerbat GemArete Wealth Advisors LLC grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 31.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,124 shares of the company’s stock after purchasing an additional 3,811 shares during the quarter. Arete Wealth Advisors LLC’s holdings in PepsiCo were worth $2,447,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in PEP. Vanguard Group Inc. raised its position in PepsiCo by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company’s stock worth $20,280,471,000 after acquiring an additional 1,376,133 shares in the last quarter. State Street Corp raised its holdings in shares of PepsiCo by 5.1% in the 3rd quarter. State Street Corp now owns 57,268,030 shares of the company’s stock valued at $9,738,429,000 after purchasing an additional 2,775,679 shares during the period. Geode Capital Management LLC grew its holdings in PepsiCo by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 31,079,522 shares of the company’s stock worth $4,717,069,000 after purchasing an additional 582,254 shares during the period. Charles Schwab Investment Management Inc. increased its position in PepsiCo by 18.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company’s stock worth $3,834,504,000 after buying an additional 3,856,193 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $2,729,565,000. Institutional investors own 73.07% of the company’s stock.
PepsiCo Stock Up 1.5 %
PEP stock opened at $151.37 on Friday. The company has a market cap of $207.58 billion, a PE ratio of 21.78, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49. 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, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The business has a 50-day simple moving average of $149.38 and a 200 day simple moving average of $157.42.
PepsiCo (NASDAQ:PEP – Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same period in the prior year, the company earned $1.78 EPS. PepsiCo’s revenue for the quarter was down .2% on a year-over-year basis. Sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.
PepsiCo Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend was Friday, March 7th. PepsiCo’s dividend payout ratio is 77.99%.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the company. Barclays lowered PepsiCo from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $168.00 to $156.00 in a report on Tuesday, March 18th. JPMorgan Chase & Co. dropped their price objective on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. TD Cowen decreased their price target on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Evercore ISI cut their price objective on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. Finally, Morgan Stanley decreased their target price on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $169.88.
Get Our Latest Research Report on PepsiCo
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.
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