Cetera Investment Advisers Cuts Stake in PepsiCo, Inc. (NASDAQ:PEP)

Cetera Investment Advisers trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 452,749 shares of the company's stock after selling 20,181 shares during the quarter. Cetera Investment Advisers' holdings in PepsiCo were worth $68,845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Collier Financial purchased a new position in shares of PepsiCo in the fourth quarter worth about $28,000. WealthTrak Capital Management LLC bought a new position in shares of PepsiCo in the fourth quarter worth $28,000. Creative Capital Management Investments LLC purchased a new position in shares of PepsiCo in the fourth quarter valued at $30,000. Prudent Man Investment Management Inc. bought a new stake in shares of PepsiCo during the 4th quarter valued at $30,000. Finally, Summit Securities Group LLC purchased a new stake in PepsiCo during the 4th quarter worth about $33,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

Analyst Ratings Changes

PEP has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their price target on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating on the stock in a report on Wednesday, January 22nd. StockNews.com downgraded shares of PepsiCo from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Bank of America cut their price objective on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Evercore ISI set a $140.00 target price on shares of PepsiCo in a report on Thursday, April 24th. Finally, Citigroup decreased their price objective on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, PepsiCo presently has an average rating of "Hold" and a consensus price target of $160.69.

PepsiCo Stock Performance

PepsiCo stock traded down $0.99 during midday trading on Friday, reaching $130.44. 4,766,754 shares of the company traded hands, compared to its average volume of 6,289,092. The business has a 50 day moving average of $143.73 and a two-hundred day moving average of $150.88. PepsiCo, Inc. has a 12 month low of $130.16 and a 12 month high of $183.41. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The firm has a market capitalization of $178.84 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). The company had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company's revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.61 earnings per share. As a group, research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a dividend of $1.4225 per share. This is an increase from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a yield of 4.36%. PepsiCo's dividend payout ratio is presently 83.68%.

PepsiCo 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.