Cetera Investment Advisers Purchases 37,095 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Cetera Investment Advisers raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 8.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 489,844 shares of the company's stock after acquiring an additional 37,095 shares during the period. Cetera Investment Advisers' holdings in PepsiCo were worth $73,447,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in PEP. Avantax Advisory Services Inc. raised its position in PepsiCo by 30.9% in the 1st quarter. Avantax Advisory Services Inc. now owns 181,334 shares of the company's stock worth $27,189,000 after purchasing an additional 42,854 shares during the period. Tempus Wealth Planning LLC boosted its position in PepsiCo by 2.9% during the first quarter. Tempus Wealth Planning LLC now owns 8,263 shares of the company's stock valued at $1,239,000 after buying an additional 235 shares during the period. Three Bridge Wealth Advisors LLC grew its stake in shares of PepsiCo by 2.5% during the first quarter. Three Bridge Wealth Advisors LLC now owns 3,577 shares of the company's stock valued at $536,000 after buying an additional 87 shares during the last quarter. Brookwood Investment Group LLC purchased a new position in shares of PepsiCo in the first quarter worth about $229,000. Finally, Jackson Hole Capital Partners LLC lifted its stake in shares of PepsiCo by 1.7% in the 1st quarter. Jackson Hole Capital Partners LLC now owns 37,334 shares of the company's stock valued at $5,598,000 after acquiring an additional 609 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $143.45 on Friday. The business has a fifty day simple moving average of $133.58 and a two-hundred day simple moving average of $141.03. The firm has a market capitalization of $196.39 billion, a P/E ratio of 26.13, a P/E/G ratio of 3.85 and a beta of 0.45. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The business had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same quarter in the previous year, the firm posted $2.28 earnings per share. PepsiCo's quarterly revenue was up 1.0% on a year-over-year basis. On average, equities analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date is Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is presently 103.64%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PEP. JPMorgan Chase & Co. decreased their price target on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 10th. UBS Group decreased their target price on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Barclays increased their price target on shares of PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Citigroup boosted their price objective on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Finally, Wells Fargo & Company raised their target price on PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $158.73.

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.

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