Cetera Investment Advisers Has $12.01 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Cetera Investment Advisers increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 2.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,056 shares of the company’s stock after buying an additional 1,494 shares during the period. Cetera Investment Advisers’ holdings in PepsiCo were worth $12,009,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Aries Wealth Management purchased a new position in PepsiCo during the 2nd quarter worth $2,622,000. Mcrae Capital Management Inc. increased its position in shares of PepsiCo by 1.3% during the second quarter. Mcrae Capital Management Inc. now owns 11,967 shares of the company’s stock valued at $1,994,000 after buying an additional 156 shares during the period. Mission Wealth Management LP increased its position in shares of PepsiCo by 6.7% during the second quarter. Mission Wealth Management LP now owns 21,376 shares of the company’s stock valued at $3,563,000 after buying an additional 1,343 shares during the period. Abacus Planning Group Inc. increased its position in shares of PepsiCo by 4.2% during the second quarter. Abacus Planning Group Inc. now owns 7,414 shares of the company’s stock valued at $1,236,000 after buying an additional 297 shares during the period. Finally, Wilbanks Smith & Thomas Asset Management LLC increased its position in shares of PepsiCo by 9.3% during the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 119,347 shares of the company’s stock valued at $20,049,000 after buying an additional 10,179 shares during the period. 71.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PEP. Credit Suisse Group decreased their price target on PepsiCo from $173.00 to $172.00 and set a “neutral” rating on the stock in a research report on Monday, October 3rd. StockNews.com upgraded PepsiCo from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 20th. Royal Bank of Canada upped their price objective on shares of PepsiCo from $165.00 to $170.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 13th. Deutsche Bank Aktiengesellschaft upped their target price on PepsiCo from $179.00 to $181.00 and gave the stock a “hold” rating in a research note on Tuesday, September 27th. Finally, JPMorgan Chase & Co. cut their target price on PepsiCo from $188.00 to $186.00 and set an “overweight” rating for the company in a research note on Friday, September 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $181.07.

Insiders Place Their Bets

In other news, CEO Ramon Laguarta sold 5,900 shares of PepsiCo stock in a transaction dated Friday, October 21st. The stock was sold at an average price of $173.09, for a total transaction of $1,021,231.00. Following the transaction, the chief executive officer now directly owns 310,757 shares of the company’s stock, valued at approximately $53,788,929.13. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Ramon Laguarta sold 5,900 shares of PepsiCo stock in a transaction that occurred on Friday, October 21st. The stock was sold at an average price of $173.09, for a total transaction of $1,021,231.00. Following the sale, the chief executive officer now owns 310,757 shares of the company’s stock, valued at approximately $53,788,929.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Hugh F. Johnston sold 23,394 shares of PepsiCo stock in a transaction that occurred on Monday, October 24th. The shares were sold at an average price of $175.74, for a total value of $4,111,261.56. Following the sale, the chief financial officer now directly owns 128,332 shares in the company, valued at approximately $22,553,065.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,639 shares of company stock valued at $6,633,617. Insiders own 0.12% of the company’s stock.

PepsiCo Price Performance

PEP opened at $181.33 on Monday. The stock has a fifty day simple moving average of $174.68 and a two-hundred day simple moving average of $171.54. The company has a current ratio of 0.92, a quick ratio of 0.72 and a debt-to-equity ratio of 1.89. The company has a market cap of $249.82 billion, a price-to-earnings ratio of 25.94, a price-to-earnings-growth ratio of 3.54 and a beta of 0.58. PepsiCo, Inc. has a 12-month low of $153.37 and a 12-month high of $183.58.

PepsiCo (NASDAQ:PEPGet Rating) last released its quarterly earnings data on Wednesday, October 12th. The company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.85 by $0.12. The company had revenue of $21.97 billion for the quarter, compared to analysts’ expectations of $20.82 billion. PepsiCo had a return on equity of 51.13% and a net margin of 11.61%. PepsiCo’s revenue was up 8.8% compared to the same quarter last year. During the same period last year, the firm posted $1.79 earnings per share. Research analysts predict that PepsiCo, Inc. will post 6.76 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 6th. Shareholders of record on Friday, December 2nd will be given a $1.15 dividend. The ex-dividend date is Thursday, December 1st. This represents a $4.60 annualized dividend and a yield of 2.54%. PepsiCo’s payout ratio is 65.81%.

About PepsiCo

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PepsiCo, Inc manufactures, markets, distributes, and sells 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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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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