PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 31.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in PEP. Collier Financial acquired a new stake in PepsiCo in the fourth quarter valued at approximately $28,000. WealthTrak Capital Management LLC purchased a new stake in shares of PepsiCo during the 4th quarter worth $28,000. Creative Capital Management Investments LLC acquired a new position in shares of PepsiCo during the fourth quarter worth $30,000. Prudent Man Investment Management Inc. purchased a new position in PepsiCo in the fourth quarter valued at $30,000. Finally, Legacy Investment Solutions LLC purchased a new stake in PepsiCo during the 3rd quarter worth about $31,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

Shares of PepsiCo stock traded down $4.76 on Friday, reaching $146.61. 12,910,000 shares of the stock were exchanged, compared to its average volume of 5,939,246. 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 $201.05 billion, a PE ratio of 21.09, a PEG ratio of 3.09 and a beta of 0.49. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41. The business has a fifty day moving average price of $149.33 and a two-hundred day moving average price of $157.21.

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PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating analysts' consensus estimates of $1.94 by $0.02. The firm had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company's revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.78 earnings per share. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.70%. The ex-dividend date was Friday, March 7th. PepsiCo's dividend payout ratio (DPR) is 77.99%.

Analyst Ratings Changes

Several brokerages have recently weighed in on PEP. UBS Group cut their target price on PepsiCo from $193.00 to $175.00 and set a "buy" rating on the stock in a research report on Thursday, January 16th. TD Cowen cut their price objective on shares of PepsiCo from $183.00 to $160.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. Citigroup lowered their target price on shares of PepsiCo from $195.00 to $170.00 and set a "buy" rating for the company in a report on Wednesday, February 5th. Royal Bank of Canada began coverage on shares of PepsiCo in a research note on Tuesday, February 4th. They set a $172.00 price target on the stock. Finally, Piper Sandler initiated coverage on PepsiCo in a report on Tuesday, January 7th. They set an "overweight" rating and a $171.00 price objective on the stock. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $169.88.

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.