PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Apriem Advisors

Apriem Advisors raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,155 shares of the company’s stock after buying an additional 262 shares during the quarter. Apriem Advisors’ holdings in PepsiCo were worth $632,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Highline Wealth Partners LLC bought a new position in PepsiCo during the third quarter worth $28,000. Collier Financial bought a new position in shares of PepsiCo in the 4th quarter worth about $28,000. Creative Capital Management Investments LLC acquired a new position in shares of PepsiCo in the 4th quarter valued at about $30,000. Legacy Investment Solutions LLC bought a new stake in shares of PepsiCo during the 3rd quarter valued at about $31,000. Finally, Rakuten Securities Inc. raised its stake in PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after acquiring an additional 96 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 3.1 %

PEP opened at $151.51 on Thursday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The stock’s fifty day moving average is $148.56 and its 200-day moving average is $161.80. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The company has a market capitalization of $207.80 billion, a PE ratio of 21.80, a P/E/G ratio of 3.09 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data 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 net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. During the same quarter in the previous year, the company posted $1.78 EPS. The business’s revenue was down .2% compared to the same quarter last year. On average, equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s payout ratio is 77.99%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. TD Cowen lowered their target price on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. UBS Group lowered their price objective on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Citigroup reduced their price target 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. Finally, Royal Bank of Canada initiated coverage on shares of PepsiCo in a research report on Tuesday, February 4th. They issued a $172.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $171.47.

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.