Arete Wealth Advisors LLC Purchases 3,811 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Arete Wealth Advisors LLC grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 31.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,124 shares of the company's stock after buying an additional 3,811 shares during the quarter. Arete Wealth Advisors LLC's holdings in PepsiCo were worth $2,447,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in PEP. Assenagon Asset Management S.A. increased its holdings in shares of PepsiCo by 104.2% in the fourth 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 in the last quarter. Hudson Valley Investment Advisors Inc. ADV increased its stake in PepsiCo by 12.8% in the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company's stock worth $6,323,000 after purchasing an additional 4,712 shares in the last quarter. Janus Henderson Group PLC raised its holdings in PepsiCo by 11.0% during the 3rd quarter. Janus Henderson Group PLC now owns 350,225 shares of the company's stock worth $59,549,000 after buying an additional 34,633 shares during the period. Guinness Asset Management LTD boosted its holdings in shares of PepsiCo by 5.2% in the fourth quarter. Guinness Asset Management LTD now owns 1,236,788 shares of the company's stock worth $188,031,000 after buying an additional 61,541 shares during the period. Finally, WCM Investment Management LLC grew its holdings in shares of PepsiCo by 147.6% during the fourth quarter. WCM Investment Management LLC now owns 14,692 shares of the company's stock valued at $2,229,000 after buying an additional 8,759 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PEP. BNP Paribas reduced their price target on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Barclays lowered PepsiCo from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $168.00 to $156.00 in a research report on Tuesday, March 18th. Piper Sandler initiated coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They issued an "overweight" rating and a $171.00 target price for the company. Wells Fargo & Company reduced their price objective on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. Finally, Royal Bank of Canada started coverage on PepsiCo in a research report on Tuesday, February 4th. They issued a $172.00 price target for the company. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, PepsiCo has an average rating of "Hold" and a consensus price target of $169.88.

PepsiCo Trading Down 3.0 %

Shares of PEP traded down $4.35 during trading hours on Monday, hitting $142.26. 6,858,281 shares of the stock traded hands, compared to its average volume of 5,949,931. 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 firm has a market capitalization of $195.08 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49. The business has a fifty day moving average of $149.33 and a 200-day moving average of $156.94. PepsiCo, Inc. has a 1-year low of $140.73 and a 1-year high of $183.41.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) 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 company had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. During the same period in the previous year, the company earned $1.78 EPS. The company's revenue for the quarter was down .2% compared to the same quarter last year. Analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date was Friday, March 7th. PepsiCo's payout ratio is presently 77.99%.

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.