Arete Wealth Advisors LLC decreased its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 21.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 12,313 shares of the company's stock after selling 3,327 shares during the period. Arete Wealth Advisors LLC's holdings in PepsiCo were worth $2,094,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Meixler Investment Management Ltd. grew its stake in PepsiCo by 4.4% in the second quarter. Meixler Investment Management Ltd. now owns 1,383 shares of the company's stock valued at $228,000 after purchasing an additional 58 shares in the last quarter. Opes Wealth Management LLC grew its stake in shares of PepsiCo by 2.2% in the 2nd quarter. Opes Wealth Management LLC now owns 2,748 shares of the company's stock valued at $453,000 after buying an additional 59 shares in the last quarter. Global Wealth Strategies & Associates grew its stake in shares of PepsiCo by 59.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 159 shares of the company's stock valued at $27,000 after buying an additional 59 shares in the last quarter. Bank of Stockton grew its position in PepsiCo by 2.3% in the second quarter. Bank of Stockton now owns 2,716 shares of the company's stock worth $448,000 after acquiring an additional 60 shares in the last quarter. Finally, Oxbow Advisors LLC grew its position in PepsiCo by 0.7% in the second quarter. Oxbow Advisors LLC now owns 8,982 shares of the company's stock worth $1,481,000 after acquiring an additional 60 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.
Shares of PEP opened at $159.84 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 12-month low of $155.85 and a 12-month high of $183.41. The firm has a market capitalization of $219.30 billion, a PE ratio of 23.58, a price-to-earnings-growth ratio of 2.94 and a beta of 0.52. The stock's fifty day simple moving average is $166.62 and its 200-day simple moving average is $169.42.
PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, beating analysts' consensus estimates of $2.30 by $0.01. The company had revenue of $23.32 billion for the quarter, compared to the consensus estimate of $23.86 billion. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The firm's quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.25 EPS. As a group, research analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 6th will be issued a $1.355 dividend. The ex-dividend date is Friday, December 6th. This represents a $5.42 annualized dividend and a yield of 3.39%. PepsiCo's dividend payout ratio (DPR) is presently 79.94%.
PEP has been the subject of a number of recent analyst reports. Hsbc Global Res raised PepsiCo to a "hold" rating in a research report on Thursday, October 10th. Barclays decreased their price objective on shares of PepsiCo from $186.00 to $183.00 and set an "overweight" rating for the company in a report on Thursday, October 10th. Morgan Stanley cut shares of PepsiCo from an "overweight" rating to an "equal weight" rating and set a $185.00 price target for the company. in a report on Friday, September 20th. Bank of America decreased their price target on shares of PepsiCo from $190.00 to $185.00 and set a "buy" rating for the company in a report on Monday, September 30th. Finally, Redburn Atlantic raised shares of PepsiCo to a "strong sell" rating in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, PepsiCo has a consensus rating of "Hold" and an average price target of $183.92.
Check Out Our Latest Analysis on PEP
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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