PepsiCo, Inc. (NASDAQ:PEP) Stock Position Boosted by AE Wealth Management LLC

AE Wealth Management LLC increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 23.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 268,863 shares of the company's stock after acquiring an additional 51,649 shares during the period. AE Wealth Management LLC's holdings in PepsiCo were worth $44,344,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Strategy Asset Managers LLC lifted its holdings in shares of PepsiCo by 0.9% during the 1st quarter. Strategy Asset Managers LLC now owns 6,632 shares of the company's stock valued at $1,161,000 after acquiring an additional 57 shares in the last quarter. Meixler Investment Management Ltd. boosted its position in shares of PepsiCo by 4.4% in the second quarter. Meixler Investment Management Ltd. now owns 1,383 shares of the company's stock worth $228,000 after buying an additional 58 shares during the period. Opes Wealth Management LLC grew its stake in shares of PepsiCo by 2.2% in the second 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. Bank of Stockton raised its holdings in shares of PepsiCo by 2.3% during the 2nd quarter. Bank of Stockton now owns 2,716 shares of the company's stock valued at $448,000 after buying an additional 60 shares during the period. Finally, Oxbow Advisors LLC lifted its position in PepsiCo by 0.7% during the 2nd 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. Hedge funds and other institutional investors own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. BNP Paribas began coverage on shares of PepsiCo in a research note on Monday, June 24th. They set a "neutral" rating and a $174.00 price objective on the stock. Jefferies Financial Group cut their price objective on shares of PepsiCo from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Tuesday, July 9th. Bank of America lowered their target price on PepsiCo from $210.00 to $190.00 and set a "buy" rating for the company in a research note on Monday, July 8th. Royal Bank of Canada cut their price target on PepsiCo from $180.00 to $177.00 and set a "sector perform" rating on the stock in a research note on Friday, July 12th. Finally, TD Cowen dropped their price objective on PepsiCo from $200.00 to $190.00 and set a "buy" rating on the stock in a report on Wednesday, July 3rd. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $185.53.

PepsiCo Stock Performance

PEP traded down $3.48 during trading hours on Friday, hitting $171.18. 12,136,152 shares of the stock were exchanged, compared to its average volume of 4,782,371. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.83 and a quick ratio of 0.64. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $183.41. The stock has a 50-day simple moving average of $173.51 and a 200-day simple moving average of $171.74. The stock has a market cap of $235.13 billion, a price-to-earnings ratio of 24.84, a price-to-earnings-growth ratio of 3.06 and a beta of 0.53.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, July 11th. The company reported $2.28 earnings per share for the quarter, beating analysts' consensus estimates of $2.16 by $0.12. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The business had revenue of $22.50 billion during the quarter, compared to the consensus estimate of $22.59 billion. During the same quarter in the prior year, the firm earned $2.09 EPS. The company's revenue for the quarter was up .8% compared to the same quarter last year. Analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Friday, September 6th. PepsiCo's payout ratio is 78.66%.

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.